Tawana Resources

Tawana Resources NL ("Tawana") is a resources focused ASX and JSE-listed Company located in Perth, Western Australia. Tawana has a 50% interest in the Bald Hill Project. The project is located 50km south east of Kambalda in the Eastern Goldfields of Western Australia. The project comprises four (4) mining leases, one (1) mining lease application, a... nd 20 other licenses totalling 774 km sq. Tawana has also on 22 March 2018 announced its intention to seek its shareholders' approval to restructure its assets in order to focus on the Bald Hill Project. As part of such restructuring, it will transfer its 100% owned Cowan Lithium Project in Western Australia comprising tenements that are adjacent to the Bald Hill Mine, its 100% owned Yallari Lithium Project in Western Australia comprising tenements that cover portions of the greenstone sequence that hosts the Mt Marion and Londonderry pegmatite fields and its 100% owned Mofe Creek Iron Ore Project in Liberia into a wholly owned public company (the "SpinCo") before undertaking a capital distribution by way of in-specie distribution of 85% of all SpinCo shares to Tawana's Shareholders. Subject to shareholders' approval, the restructuring is envisaged to complete by June 2018, prior to the completion of the Merger.Read More