This Aquila announcement made a while ago is also particularly...

This Aquila announcement made a while ago is also particularly relevant for TAW....this is now a very large project and I'm not sure the market has worked it out...

Aquila Intersects Further High Grade Manganese at the
Avontuur Projects in South Africa

Tawana indirect interest 6.8%

Aquila Resources Limited (Aquila) today announced further promising manganese assay results from its Avontuur Projects located 75km north west of Kuruman, in the Northern Cape Province of South Africa. This announcement is a follow up to the announcement of 8 April 2008 where Aquila announced high grade manganese intersections from the first 3 holes assayed in the 370km2 Avontuur area.

The manganese discoveries were identified on two mineralised prospects some 20km apart and adjoining the northern-most farms of the main Kalahari Manganese Field.

Southern Project

Drilling on the southern project area of the Avontuur permit has discovered manganese mineralisation in the Hotazel Formation, which is interpreted to represent an extension of the Kalahari Manganese Field. The permit boundary is approximately 8 km north of the Wessels underground mining operations, where ore is mined over a depth range of 300 to 500m.

A programme of diamond drilling is in progress across the projected trend of the mineralisation. Highlights of the assay results from the next 3 holes drilled within the project area are as follows:

4.31m @ 38.81% Manganese

3.54m @ 47.52% Manganese

4.41m @ 49.79% Manganese

(Detailed analytical results may be viewed on www.tawana.com.au)

Northern Project

Drilling on the northern project area of the Avontuur permit is also testing manganese mineralisation in the Hotazel Formation along the northern end of the Avontuur Basin. The Avontuur Basin is approximately 10km long and is located 20km north of the larger Kalahari Manganese Basin. Further encouraging assays have been received from 6 diamond holes drilled along a 2km projected mineralised trend. Highlights of the assay results from these 6 holes are as follows:

5.40m @ 56.82% Manganese

3.68m @ 50.81% Manganese

2.68m @ 47.42% Manganese

and 1.86m @ 46.73% Manganese

2.12m @ 55.24% Manganese

and 1.57m @ 59.24% Manganese

(Detailed analytical results may be viewed on www.tawana.com.au)

Manganese ore is used in the steel making process primarily in the form of silico-manganese and ferromanganese alloys. The world demand for manganese depends directly on the requirements of the steel industry with the price of manganese ore continuing to rise in recent years.

Tawana Resources NL holds an indirect interest of 6.8% in the Thabazimbi Joint Venture through its 26% holding in Rakana Consolidated Mining (Proprietary) Limited, the joint venture partner of Aquila in South Africa.