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Last A$0.0050 AUD
Change Today 0.00 / 0.00%
Volume 1.2M
TAW On Other Exchanges
As of 9:16 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

tawana resources nl (TAW) Snapshot

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07/30/14 - A$0.03
52 Week Low
06/11/15 - A$0.0040
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tawana resources nl (TAW) Details

Tawana Resources NL engages in the exploration and development of iron ore properties in Liberia, West Africa. It holds 100% interests in the Mofe Creek Fe Project covering an area of 475 km2 of prospective tenements located in Grand Cape Mount County. The company is based in Subiaco, Australia.

tawana resources nl (TAW) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: A$311.3K
Chief Financial Officer, Company Secretary an...
Total Annual Compensation: A$66.1K
Technical Director and Director
Total Annual Compensation: A$288.5K
Compensation as of Fiscal Year 2014.

tawana resources nl (TAW) Key Developments

Tawana Resources NL Announces Board Changes Effective from August 1, 2015

Tawana Resources NL announced that Michael Bohm has been appointed to the Board of Directors as an Independent Non- Executive Director of the Company with effect from 1 August 2015. Michael is an experienced mining professional with extensive corporate, project and operational management experience in the minerals industry in Australia, South East Asia, Africa, Chile, Canada and Europe/UK. A graduate of the WA School of Mines, Michael has worked as a mining engineer, mine manager, study manager, project manager, project director and managing director. In conjunction with the appointment of Michael, Mr. Len Kolff will step down from the Board to pursue other career opportunities effective 1 August 2015.

Tawana Resources NL Reports Cash Flow Results for the Second Quarter and Six Months Ended June 30, 2015

Tawana Resources NL reported cash flow results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net operating cash outflows of AUD 676,000. For the six months, the company reported net operating cash outflows of AUD 1,279,000.

Tawana Resources NL Announces High-grade DSO Discovery

Tawana Resources NL announced the discovery of new high-grade Direct Shipping Ore hematite mineralisation, averaging 62.8% Fe and up to 66% Fe, located a short trucking distance to the operating port of Freeport, Monrovia. Additionally the company has discovered greater than 2.2 km strike of friable itabirite mineralisation in the Goehn prospect as part of its ongoing low-cost exploration strategy over the Company's recently acquired, 100% owned MEL1223/14 Mofe Creek South licence. The new zone of DSO hematite mineralisation occurs within the Goehn South East prospect, within a broader >550m strike length of friable, coarse-grained itabirite, with potential for additional strike extensions. Itabirite mineralisation of greater than 2.2 km combined strike length, ranging in grade from 26.4% to 52.6% Fe, has also been delineated. This represents one of four additional high-priority target areas defined within the Mofe Creek South licence area. The itabirite mineralisation defined has similar geological characteristics to the 61.9Mt at 33% Fe maiden resource estimate and is within 8km trucking distance thereof, and is within close proximity of a bitumen highway. The results strengthen the exploration rationale for a potential Bomi Hills analogue, which historically produced in excess of 50Mt of DSO within 35 km of the project area. Tawana continues its strategy of low-cost, value-add exploration work by its in-house team while advancing core negotiations with the Government of Liberia for the Mineral Development Agreement and progressing strategic Environmental and Social Impact Assessment activities, including the Terms of Reference document and Scoping Report.


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