Overview of Southern African

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TAWANA RESOURCES
Overview of Southern African Exploration
Projects Wolf Marx Managing Director
Botswana Resource Sector Conference Gaborone July
25-26th 2007
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DISCLAIMER
The Company considers that any tonnage and grade
estimates in this report do not satisfy the
definition of a Mineral Resource as set out in
the JORC Code as insufficient work has been
conducted to be able to determine the grade and
tonnage of the deposit with greater accuracy.
Further work may or may not establish a Mineral
Resource on the property. Accordingly, the
estimate of grade is released as provided by
paragraph 18 of the JORC Code of 2004 in relation
to an exploration target or exploration
potential.
This presentation contains forward looking
statements Such forward looking statements may
include without limitation (1) estimates of
future earnings, the sensitivity of such earnings
to diamond values and foreign exchange rate
movements (2) estimates of future diamond
production (3) estimates of future cash costs (4)
estimates of future cash flow, the sensitivity of
such flows to diamond values and foreign exchange
rate movements (5) statements regarding future
debt payments (6) estimates of future capital
expenditure (7) estimates of reserves, resources
and statements regarding future exploration
results. Where the Company expresses or implies
an expectation or belief as to future events or
results such expectation or belief is expressed
in good faith and believed to have a reasonable
basis. However, forward-looking statements are
subject to risks, uncertainties and other
factors, which could cause actual results to
differ materially from future results expressed,
projected or implied by such forward-looking
statements. Such risks include but are not
limited to diamond values, currency fluctuations,
increased production costs and variances in
grades or recovery rates from those assumed in
mining plans, as well as political and
operational risks in the countries and states in
which Tawana operates or sells product and
governmental regulation and judicial
outcomes. The Company does not undertake any
obligation to release publicly any revisions to
any forward looking statement to reflect events
or circumstances after the date of this
presentation or to reflect the occurrence of
unanticipated events, expect as may be required
under applicable securities laws.
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TAWANA RESOURCES
Primary Listing on Australian Stock Exchange
1998 Secondary Listing Johannesburg Stock
Exchange 2005
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Corporate Goals

• Objective
• To become a mid-tier diamond producer, targeting
  250,000 - 500,000
• carats per year
• Strategy
• Focus on both kimberlites alluvial deposits in
  SA, Botswana Australia
• Build a pipeline of projects, from near-term
  production (2008) to greenfield exploration,
  capable of meeting production target and
  delivering growth
• Seek projects, either through acquisition of
  ground or joint ventures,
• which fit project pipeline criteria
• Sequentially develop projects using contract
  mining
• Be owner / manager of projects

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TAWANA PROJECTS

• AUSTRALIA
• Pilbara Project - De Beers JV
• Timber Creek kimberlite project
• Whirlwind Plains project
• Flinders Island / Eyre peninsula

• BOTSWANA
• Borolong project
• Orapa project
• SOUTH AFRICA
• Kareevlei Wes kimberlite project
• Daniel kimberlite project
• Tawana alluvial project
• Riverton kimberlite project
• Lexshell Alluvial project

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BOTSWANA PROJECTS
Seolo Pty Limited Wholly owned subsidiary of
Tawana Resources NL
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BOROLONG SAMPLING PROJECT
LOCATION
STATUS
MAGNETICS
RESULTS
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ORAPA KIMBERLITE PROJECT
GRANTED 1 APRIL 2007
PL61/2007
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GEOPHYSICS BK19-26
Open File Magnetic data
BK19-21
BK22,23,25,26
BK24
BK19-21 Ground Magnetics
BK24 Gravity profile
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SEOLO WORK PROGRAMME 2007-2008

• Detailed ground geophysics over known
• kimberlites
• Detailed ground geophysics over new targets
• Drilling of new targets if geophysical results
• are favourable
• Delineation pitting/drilling existing and
• new kimberlites
• Bulk sampling of selected kimberlites by
• trenching/drilling

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SOUTH AFRICAN PROJECTS
Tawana Resources SA (Pty) Limited Wholly owned
subsidiary of Tawana Resources NL
Diamond Resources (Pty) Limited Wholly owned
subsidiary of Tawana Resources NL
BEE PARTNER 7 FALLS TRADING STRATEGIC ALLIANCE
PARTNER GUMA RESOURCES
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KAREEVLEI WES KIMBERLITE PROJECT
5 kimberlites intruded into Ghaap Plateau
dolomites
GROUND MAGNETICS
KV03 5.5ha
KV01 1.4ha
KV03 1ha
200m
DISCOVERED BY DE BEERS IN 1991 Ghaap
aeromagnetic survey
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PHASE 1 Delineation drilling to 100m KV02 03,
Mini bulk sampling
KV02 - 25 holes, 173t KV03 - 39 holes, 252t
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PHASE 2 Bauer drilling of 4 kimberlites, bulk
sampling (2004-2005)
4450t kimberlite processed from 4 kimberlites
(39 holes) Indicated grade for KV01 and KV02 of
8-11cpht _at_ 110-160/ct
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PHASE 3 Trial Mining of KV01 and KV02 pipes
(2007-2008)
3-D PIT PLAN
calcrete
kimberlite
26,671m3 overburden 4,165m3 kimberlite
Process on site in company built 35tph DMS plant
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DANIEL KIMBERLITE PROJECT AREA BHP Billiton Joint
Venture/ Carter Block Joint Venture
Airborne Gravity Gradiometer (Falcon)
survey covering 2800km2 flown in 2001
Farms prospected 2003-2006
Vleiplaats 3 known kimberlites
Finsch
KCM Joint Venture (Carter Block) July 07
11 farms under Application (18 anomalies)
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TAWANA ALLUVIAL PROJECT Tawana 70, 7 Falls 30,
BHP Billiton 2.5 royalty
MAGNETICS
GRAVITY
Finsch
Finsch
Initial 3 drill lines
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TAWANA ALLUVIAL PROJECT Phase 1 - 500t mini
bulk sample (2003)

• 102 holes drilled
• 5700m drilled
• 518t gravel processed on site
• 14 diamonds recovered
• deepest hole into dolomite
• at 165m

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TAWANA ALLUVIAL PROJECT Phase 2 - Bauer
drilling Bulk sampling of Feeder Channel and
Eastern Gravels (2004-2005)


FEEDER CHANNEL 93 holes drilled, 1965m,
8728m3 Avg depth to bedrock 21m


EASTERN GRAVELS 69 holes drilled, 1467m,
7205m3 Avg depth to bedrock 21m
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TAWANA ALLUVIAL PROJECT Phase 2 - Bauer
drilling Bulk sampling of Feeder Channel and
Eastern Gravels (2004-2005)

• Processing through 35tph DMS
• Flowsort and grease table recovery
• Good quality diamonds in EGs

• Feeder Channel
• Grades up to 3.6cphm3
• Average stone size of 0.1ct/st
• Increase in grade towards base

• Eastern Gravels
• Grades up to 3.1cphm3
• Average stone size of 0.14ct/st
• Largest stone 4.66ct

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TAWANA ALLUVIAL PROJECT Phase 3 - Bulk sampling
of Eastern Gravels (2006)
TOPSOIL to 0.5m
4000m3
LEVEL 1
to 5.5m
2000m3

• 20x26m pit in central
• portion of Eastern Gravels
• 1st opportunity to study
• gravel profiles
• Sampling in horizontal units
• (undulating geological units)
• Increase in grade with depth

LEVEL 2
to 12m
8m bench
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TAWANA ALLUVIAL PROJECT
IN DISCUSSIONS WITH POTENTIAL JV PARTNERS TO TAKE
PROJECT TO NEXT STAGE
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RIVERTON KIMBERLITE PROJECT Taormina Joint Venture

• Known to have good diamonds (history of small
  scale mining)
• Close proximity to Kimberley diamond field
• Reasonable tonnage potential (4 hectare pipe)
• Earn-in over 3 phases
• 1st 2,000t bulk sample 20 (2007)
• 2nd 8,000t bulk sample 51 (2008)
• 3rd Option to buy additional 19 for R1.5million

200m
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Summary
SUMMARY

• Tawana has balanced project portfolio to deliver
  pipeline of growth
• 1st diamond production due to commence in 2008,
  following
• completion of trial mining
• Focused on prolific diamond producing regions
• Ability to partner with majors (BHPB/De Beers)
• Experienced workforce
• In-house assaying capability to ensure timely
  accurate analysis
• 2 Processing plants available for test work
• Market supply / demand fundamentals are healthy
• No better time to be conducting diamond
  exploration and mining