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Bannerman is an Australian-based uranium exploration and mine development company with interests in two properties in Namibia and a number of properties in Botswana and Australia. Its principal and most significant asset is its 80% interest in the Etango Anomaly A Prospect in the Etango Exclusive Prospecting Licence Area ("EPL 3345") located approximately 41km (by road) east of the major town of Swakopmund, Namibia and 47km northeast of the port town of Walvis Bay.
In September 2007, the Company received the results of a scoping study which considered the economic viability of the Etango Uranium Project. The study confirmed that, subject to the delineation of the target resources base, a viable operation with strong cash margins could be developed. The Company is moving the Etango Uranium Project forward with the intention to bring it into production as early as feasible, targeting commissioning of the Etango starter asset in 2011. In August 2008, the Company produced a resource estimate that allows the company to progress the Definitive Feasibility Study which is expected to be completed in 2009.
Bannerman's board of directors and management team combine a full range of industry-critical experience, including project evaluation, resource development and corporate management.
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