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EPIC: BMN
Market: ASX:BMN
52-week High/Low: A$0.07 / A$0.03
Sector: General Mining - Uranium & Lithium
Market Cap: A$37.66M
Bannerman Resources Ltd

Bannerman Resources Ltd

Bannerman Resources Ltd's (ASX:BMN; NSX:BMN) flagship asset is the wholly-owned Etango Uranium Project in Namibia.

Bannerman Resources Ltd

www.bannermanresources.com

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Big picture - Why invest in Bannerman Resources Ltd


Bannerman Resources Ltd Snapshot

Bannerman Resources Limited is an ASX, TSX and NSX listed exploration and development company with a 100% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction.


(click here for more information)

Etango Project

The Etango Uranium Project is one of the world’s largest undeveloped uranium projects. It is located in Namibia, southern Africa, one of the world’s top 5 uranium producing nations with substantial mining infrastructure. Etango is one of the few uranium projects in the world with a completed Definitive Feasibility Study (DFS) and environmental permitting and will be a top 10 producer once developed.

Based on the DFS, production is expected to be 7-9 million pounds U3O8 per year for the first five years and 6-8 million pounds U3O8 per year thereafter. It will have a minimum mine life of 16 years with significant expansion potential through the conversion of existing Inferred Resource as well as the deposit being open at depth and along strike.

Etango is considered by Bannerman to be a low technical and environmental risk project, with conventional open pit mining and sulphuric acid heap leaching at 20 million tonnes per annum.

The Etango licence area (EPL 3345) is approximately 500 square kms.


(click here for more information on this project)


Namibia

Namibia, officially the Republic of Namibia, and formerly South West Africa, is a country in southern Africa whose western border is the Atlantic Ocean. It shares land borders with Zambia and Angola to the north, Botswana to the east and South Africa to the south.



The country was administered by South Africa from 1919 as a League of Nations mandate territory and gained independence on 21 March 1990. Its capital and largest city is Windhoek. Namibia is a member state of the United Nations (UN), the Southern African Development Community (SADC), and the African Union (AU).


(click here for more information)


Uranium

Following the Fukushima incident in March 2011, a small group of countries which collectively consume modest amounts of uranium by global standards, have renounced nuclear energy whilst new programs are emerging in countries such as Saudi Arabia and the United Arab Emirates. Routine maintenance and standard procedure has seen nuclear power plants in Japan systematically shut down. Numerous regional authorities are considering the restarting of those nuclear reactors, with Sendai 1 & 2 reactors approved for resuming operations.

Importantly, the nuclear power growth engine countries including China, India, Russia and South Korea have reiterated their commitment to nuclear power.  Globally, there are 490 new reactors planned or proposed (June 2015).

In the US, 104 nuclear power plants producing 33% of the world’s nuclear energy will continue operation with a further 28 in the pipeline. World Nuclear Association (WNA) show China’s intention to increase nuclear capacity from 23 GWe to 253 GWe by 2030.



The emphasis on nuclear energy by China, and India, has led to a large uptick in proposed and planned nuclear reactor, which in the medium term will lead to large increases in demand for uranium. These planned reactors are complementary to the progressive restart of the Japanese reactor fleet, with these factors weighing heavily towards the forecasted uranium price jumps in the coming years.

Further information on uranium demand can be found here: http://world-nuclear.org/info/Facts-and-Figures/World-Nuclear-Power-Reactors-and-Uranium-Requirements/

Source: http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/China–Nuclear-Power/


(click here for more information)



Last updated 6th April 2016.


Ronnie Beevor
Non-Executive Chairman
BA (Hons)

Ronnie has more than 30 years experience in investment banking and held the position of Head of Investment Banking at NM Rothschild & Sons (Australia) Limited between 1997 and 2002. During his career, Ronnie has had extensive involvement in the natural resources industry, in Australia and internationally. Formerly a Director of Oxiana Limited, which successfully developed the Sepon gold-copper project in Laos, as well as the Prominent Hill copper-gold project in South Australia.

Special Responsibilities

  • Member of the Audit Committee
  • Member of the Remuneration, Nomination and Corporate Governance Committee



Brandon Munro
Managing Director and Chief Executive Officer
LLB, B.Econ, GAICD, F Fin

Brandon has 18 years experience as a corporate lawyer and resources executive, including serving as Bannerman’s General Manager between 2009-2011, based in Namibia.  Before joining Bannerman as Managing Director, Brandon was Managing Director of ASX-listed Kunene Resources Ltd, which was focussed on base metals exploration in Namibia.

Brandon lived in Namibia for over five years between 2009-2015, where he also served as Governance Advisor to the Namibian Uranium Association and Strategic Advisor – Mining Charter to the Namibian Chamber of Mines.

Brandon is a Trustee of Save the Rhino Trust Namibia, a high profile Namibian NGO.  He is also a non-executive director of ASX-listed technology companies Rewardle Holdings Ltd and Novatti Group Ltd.



Clive Jones
Non-Executive Director
BAppSc (Geology), MAusIMM

Clive has more than 22 years experience in mineral exploration across a diverse range of commodities, including gold, base metals, mineral sands, uranium and iron ore.

Special Responsibilities

  • Chairman of the Remuneration, Nomination and Corporate Governance Committee
  • Member of the Health, Safety, Environment and Community Committee
  • Member of the Audit Committee



David Tucker
Non-Executive Director
BSc (Geology) (Hons), MSc (Mining and Exploration Geology), MAusIMM, FAICD

David has more than 40 years of experience in mining and exploration, including 20 years working as an exploration geologist, the first 10 of which were within the uranium sector with United Uranium NL, Noranda Australia, the Australian Atomic Energy Commission and Esso Australia Limited.

David was formerly responsible for business development, public affairs and investor relations for Homestake Gold of Australia, was Director of Corporate Affairs for Barrick Australia Pacific, and Director of Homestake’s Australian subsidiaries, Barrick Mining Company (Australia) and Barrick Gold of Australia.

Special Responsibilities

  • Chairman of the Audit Committee
  • Chairman of the Health, Safety, Environment and Community Committee



Ian Burvill
Non-Executive Director
BE (Mech), MBA, MIEAust, CPEng, MAusIMM, GAICD

Mr Burvill is a Senior Vice President of private equity fund manager Resource Capital Funds (“RCF”) and has over 30 years of mining industry experience, starting as a mechanical engineer in the design and construction of mineral process plants.

In representing RCF, Mr Burvill has acted as a non-executive director of a number of mining companies including Pan Australian Resources NL (now PanAust Limited, ASX: PNA), Highlands Pacific Limited (ASX: HIG) and Murchison Metals Ltd (ASX: MMX). Ian has also worked as an Associate Director of Rothschild Australia Limited, providing project finance for mining projects.

Special Responsibilities


  • Member of the Remuneration, Nomination and Corporate Governance Committee



WERNER EWALD
BEng (Electrical), MBA
General Manager – Namibia

Werner has more than 25 years experience in the diamond, coal and uranium mining industries. Prior to joining Bannerman Resources, Werner was Mine Manager at Rössing Uranium Mine in Namibia. During 2001 and 2003 he worked at the Tarong Coal Mine in Queensland, Australia as Business Improvement Manager.

Werner has worked in the diamond industry at Namdeb and in the underground diamonds mines in South Africa.



Leon Fouche
Study Manager
BEng (Mining), MBA, MAusIMM

Leon is a Namibian born mining engineer with substantial large scale open pit and uranium mining experience. His 25 years’ experience in the global mining industry includes 22 years at Rio Tinto during which time he worked in operational and technical management level roles in multiple commodities across four continents.

Leon commenced his career at Rio Tinto’s Rössing Uranium Mine where he spent 12 years in a variety of roles including Manager Mining. He subsequently spent 4 years at Rio Tinto’s Technology Group and more recently 4 years as Manager Mine Engineering at Rio Tinto Iron Ore before joining Bannerman in June 2015.



ROBERT DALTON
Financial Controller and Company Secretary
BA (Hons), FCCA, A Fin, AGIA, ACIS

Robert has more than 14 years of experience in auditing, accounting and secretarial roles. He commenced his career at an international accounting firm and has had significant exposure to the resources sector.

His most recent appointment was that of Chief Financial Officer and Company Secretary at Tangiers Petroleum Ltd.



JOHN TURNEY
Project Advisor – Etango
BEng (Chemistry), MSc (Metallurgical Engineering), FAusIMM

John has more than 35 years experience in the resources industry. John has worked for mining and engineering companies in Australia and North America. While at Homestake Mining Company and Barrick Gold Corporation, he worked in mining and milling operations and project development in the USA, Canada, South America, Australia and Africa.

Prior to joining Bannerman, John was General Manager Leaching at Bateman Engineering, based in Australia. In the past ten years, Mr Turney led the successful development of the Cowal gold project in Australia and the Tulawaka gold project in Tanzania, as well as other development and capital project roles for both Homestake and Barrick.



Last updated 6th April 2016.

Corporate Office
Unit 1
2 Centro Avenue
Subiaco, WA 6008

Postal address:
PO Box 1973
Subiaco WA 6904

Corporate Phone Number: +61 8 9381 1436
Corporate Fax Number: +61 8 9381 1068
Corporate E-mail: [email protected]
Website: www.bannermanresources.com.au

ABN 34 113 017 128


Namibia

Swakopmund Office
45 Mandume Ya Ndemufayo Street
Industrial Area, Swakopmund
Namibia
T +264 64 416 200
E [email protected]

Reg No:  2005/115

Investor relations
Spyros Karellas
Toronto, Ontario, Canada
T +1 416 800 8921
E [email protected]

In Australia
Registered & Principal Office
Unit 1, 2 Centro Ave
Subiaco WA 6008

Postal Address
PO Box 1973
Subiaco WA 6904
 
Telephone: +61 8 9381 1436
Facsimile: +61 8 9381 1068
Email: [email protected]

In Namibia
Swakopmund Office
45 Madume Ya Ndemufayo Street
Industrial Area
Swakopmund, Namibia

Phone: +264 64 416 200
Facsimile: +264 64 416 240

Auditors
Ernst & Young
11 Mounts Bay Road
Perth, WA 6000

Telephone: +61 8 9429 2222
Facsimile: +61 8 9429 2432

Stock Exchange Listings
Australian Securities Exchange (ASX) Code: BMN
Toronto Stock Exchange (TSX) Code: BAN
Namibian Stock Exchange (NSX) Code: BMN

Share Registrar
Bannerman Resources Limited’s share register is managed by Computershare Investor Services Pty Limited (Computershare) in both Australia and Canada.

In Australia
Computershare Investor Services Pty Limited
Level 2
45 St George's Terrace
Perth, WA 6000

GPO Box D182
Perth, WA 6840

Telephone from within Australia: 1300 557 010
Telephone from outside Australia: +61 3 9415 4000
Facsimile: +61 8 9323 2033
Email: [email protected]
Website: www.investorcentre.com

In Canada
Computershare Investor Services Inc.
510 Burrard Street, 2nd Floor
Vancouver, British Columbia, V6C 3B9
Canada

Telephone: Tollfree: 1800 564 6253 FREE
Outside North America: +1 514 982 7555
Facsimile: Tollfree: 1866 249 7775 FREE
Outside North America: +1 416 263 9524
Email: [email protected]
Website: www.investorcentre.com



Last updated 21st April 2015.

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