Tawana Resources encouraged by discovery at Liberian project

Tawana Resources NL (TAW) said on Monday, 15 July 2013, it was encouraged by the discovery of further high-grade iron ore at the Zaway Prospect Mofe Creek Iron Ore Project in Liberia.

The latest discovery follows the Australian company's recent Preliminary Assessment and metallurgical announcements which indicated the itabirite mineralization has excellent weight recoveries of between 44%-57% and concentrates into a high quality‚ 60%+ Fe product from a simple coarse crush and gravity processing circuit.

"These characteristics clearly highlight the potential for the Mofe Creek Iron Ore Project to be a high grade‚ low cost‚ iron ore producer‚" Tawana said in a statement.

Tawana Resources Managing Director‚ Len Kolff‚ said: "The occurrence of DSO magnetite boulder float and exceptionally coarse grained; up to 2cm particle size itabirite at Zaway adds further encouragement to the potential discovery of blind DSO similar to that mined at the historic Bomi Hills mine 20km along strike."

He added: "This latest new discovery of high grade iron ore demonstrates why we consider the Mofe Creek Iron Ore Project‚ at only 20km from the coast‚ is an exciting new iron ore discovery in Liberia‚ West Africa."