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Last A$0.0040 AUD
Change Today 0.00 / 0.00%
Volume 679.7K
As of 8:29 PM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

tawana resources nl (TAW) Snapshot

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11/6/14 - A$0.02
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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
Compensation as of Fiscal Year 2014.

tawana resources nl (TAW) Key Developments

Tawana Resources NL Reports Consolidated Earnings Results for the Six Months Ended June 30, 2015

Tawana Resources NL reported consolidated earnings results for the six months ended June 30, 2015. For the quarter, the company reported loss before income tax expense of $843,336 against $1,201,536 a year ago. Net loss for the period from continuing operations was $843,336 against $1,201,536 a year ago. Net loss for the period attributable to company was $875,536 against $1,223,879 a year ago. Basic and dilutes loss per share from continuing operations was 0.06 cents against 0.09 cents a year ago. Net cash flows used in operating activities was $804,626 against $1,063,042.

Tawana Resources Announces Discovery of New and Additional Iron Ore Mineralisation Identified from Outcropping Iron Formations at Both the Koehnko North East and Koehnko East Prospects in Liberia

Tawana Resources NL announced the recent discovery of new and additional iron ore mineralisation identified from outcropping iron formations at both the Koehnko North East (NE) and Koehnko East (E) prospects within Tawana's 100% owned Mofe Creek project (the Project) in Liberia. The Koehnko NE and Koehnko E prospects are both located within 5kms of the Koehnko hub's maiden inferred resource of 16.2 Mt at 31%. The mineralisation has been mapped as predominantly friable itabirite with some higher grade hematite capping, mostly recorded on the flanks of the hills. From initial field observations, both prospects have the potential to significantly grow the Koehnko resource estimate and the overall Project resource base of 61.9Mt at 33%. The Koehnko NE deposit is inferably the large potential outcropping iron ore formation discovered to date, across the company's 100%-owned Mofe Creek licences. The combined strike of mapped surface iron mineralisation is 1.35km with an average grade of 35% Fe determined from rock chip samples analyzed by hand held XRF. These two prospects represent the first areas explored since the resumption of field based exploration. This low cost form of exploration continues to generate and firm up exploration targets to aid in prioritizing future drilling programs targeting additional resource tonnage.

Tawana Resources NL Announces Board Changes

Tawana Resources NL announced that Michael Bohm will commence as an Independent Non Executive Director of the company with effect from 1 August 2015. In conjunction with the appointment of Michael, Mr. Len Kolff will cease as a Director also effective August 01, 2015.


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