viewBannerman Resources Ltd

Bannerman Resources: CEO Len Jubber updates on Etango uranium project


Namibian uranium developer Bannerman Resources’ (ASX:BMN, TSX:BAN, NSX:BMN) Etango Uranium Project is one of few global top 10 uranium projects likely to progress to development in the medium term.

The project is one of the most advanced with a DFS completed and a granted environmental permit.

It has a strong balance sheet support and a project located in a highly regarded investment jurisdiction.

Namibia is the 5th largest uranium producing country – will jump to 2nd when Husab commences production in 2016.

The heap leach demonstration program is underway - a key point in project development and development financing process.

This will showcase the project - demonstrating the heap leaching process, further de-risks the Etango development path.

It is also likely to be watched by potential JV / funding partners.

CEO Len Jubber speaks with investors

Chief executive officer Len Jubber presented at Proactive's Melbourne and Sydney Luncheons this week, discussing the Etango project and heap leach demonstration plant as well as the outlook for uranium.


Etango Uranium Project

Etango has the world’s fourth largest Ore Reserve of 119 million pounds U3O8 and is anticipated to produce between 7 million and 9 million pounds of U3O8 per annum over a 15 year mine life.
It is an open pit mine located near to Rio Tinto’s (ASX:RIO) Rössing uranium mine, Paladin Energy’s (ASX:PDN) Langer Heinrich uranium mine and CGNPC’s Husab uranium mine - under construction.

The project is well located in regards to external infrastructure.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Bannerman Resources Ltd

Price: 0.036 AUD

Market: ASX
Market Cap: $38.12 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bannerman Resources Ltd named herein, including the promotion by the Company of Bannerman Resources Ltd in any Content on the Site, the Company...



Bannerman highlights improving sentiment in uranium market

Brandon Munro, chief executive officer at Bannerman Resources (ASX:BMN), talks about improving uranium market conditions and sentiment and the progress the company is making at the Etango uranium project in Namibia.

on 13/1/17

2 min read