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Bannerman Resources files key technical report on Etango Uranium Project

Last updated: 15:00 29 Dec 2015 AEDT, First published: 14:00 29 Dec 2015 AEDT

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Bannerman Resources (ASX:BMN, TSX:BAN, NSX:BMN) has now filed its Technical Report on the company’s Etango Uranium Project with the Canadian securities regulators.

Etango is located in Namibia, a premier uranium mining jurisdiction with nearby infrastructure and demonstrated political and social support for uranium mining operations.

This is in accordance with the company’s ongoing disclosure obligations for the Toronto Stock Exchange listing.

The report is a comprehensive summary of the recently-completed Optimisation Study on the geological modelling and mine planning aspects of the Etango Definitive Feasibility Study (DFS).

The DFS was compiled in April 2012.

The Optimisation Study also reflects updated capital and operating cost estimates, and has significantly enhanced the project economics.

This re-enforces Etango to be a globally significant uranium project with average annual forecast production of 7.2 million pounds U3O8 per year over a 15.7 year mine life.

 

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