Bannerman advances Etango on both a feasibility and political front

摘要

An agreement for participation with Namibia's state-owned mining company has been detailed by Bannerman Resources Ltd (ASX & NSX: BMN; TSX: BAN) for the Etango uranium project.Bannerman reported positive results from a definitive feasibility study (DFS) for the 80% owned project and also an agreement for participation in the project by state-owned miner Epangelo Mining Co (Pty) Ltd.Bannerman's managing director Len Jubber said the DFS showed an 80% conversion of measured and indicated resources to a proved and probable reserves of 279.6 million tonnes grading 194 ppm U_3O_8 for 119.3 M lb of contained U_3O_8.