Tawana Resources is an exploration company incorporated in Australia, with operations based in Western Australia, Liberia and Namibia. The group’s history stems back to 1998, and Tawana shares today have a primary listing on the Australian Stock Exchange and a secondary listing on the Johannesburg Stock Exchange (JSE) in South Africa.

Through a decision to buy Mount Belches, the group acquired a portfolio of three exploration licenses in 2016, all of which are highly prospective for lithium in the Goldfields region of Western Australia.

The group’s primary project is the Cowan Lithium Project, which hosts six lithium deposits with an indicated resource of 60.5Mt. The group also owns 100% of the Mofe Creek iron ore project in Liberia, which has an indicated mineral resource of 16.2Mt. Tawana also owns the Uis Lithium Project in Nambia, comprising large coarse and fine tailings stockpiles from the discontinued Uis tin mine.

Tawana’s performance and aspirations have been severely hampered by challenging conditions in the mining sector within Liberia, particularly with regards to iron ore. Negotiations and exploration activities are currently underway at the Mofe Creek Project, with significant resources identified. The group only sees opportunity for a full project start-up once iron ore prices rebound and iron can realistically be put up for sale, and is awaiting approval of its mineral development agreement from Liberia’s government. The agreement will outline the technical, commercial, social and environmental commitments to build, operate and sustain a project within Liberia, and is forecast to be approved by early 2017.

The purchase of Mount Belches in August 2016 was part of the group’s strategy to diversify away from Africa and begin exploration in the more stable Australian market. The project is still in its fledgling phases, with no official production targets yet outlined.

In October 2016, the company announced that it had received commitments for a placement to raise AUS$7.2 million through the issue of 60 million shares available to buy at a price of $0.12 per share. The placement was supported by quality institutional investors, reflecting the apparent quality of Tawana’s lithium assets. The funds will be used to continue the drilling program at the Cowan Lithium Project, and complete drilling and metallurgy at the Uis Lithium Project in Namibia.

With no profit-generating assets, Tawana recorded a financial loss of AUS$8.7 million in 2015, followed by a loss of $563 000 in the first six months of 2016.

JSE investors will find it difficult to buy Tawana shares at present, with the company still in its development phases. After several years of stalling operations, the group has now announced some tangible advancements in its exploration programmes, which could raise the confidence of investors deciding whether to buy Tawana shares. At R1.25, Tawana share price has yet to take off on the live online JSE stocks chart, and will still only be an option for investors with an interest in buying risky stocks.

Materials

We have made it simple to buy JSE listed firm shares online. The easiest way to buy Tawana shares or stocks is to; start by submitting the ‘BUY THIS SHARE’ form. Next, one of our experienced and certified stock brokers will personally get in contact with you to discuss your custom stock request. Finally, a stock advisor will confirm the amount of shares you are looking to invest in Tawana Holdings and assist you with the setup and management of your stock portfolio account.

1. Start by Filling in the BUY THIS SHARE form.
2. Insert your name, email, telephone number and monthly remuneration.
3. Then, Indicate the amount you are looking to invest in Tawana.
4. Click the “ INVEST NOW” button
5. Once we have received your info, a dedicated stock advisor will personally call you back to discuss your personal share request.
6. Lastly, your newly appointed personal stock advisor will handle all account setups and reporting as stipulated by the financial services board of South Africa (FSB)

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