Bannerman Mining Resources Namibia is a subsidiary of Bannerman Resources of Australia. It owns the Etango Uranium Project situated in the Namib Desert, by road some 38 km east of Swakopmund.
Over 300 000 m of drilling were completed during the exploration phase, a Definitive Feasibility Study (DFS) was completed in April 2012, and today Etango is one of the top 10 uranium projects with declared ore reserves. Based on the DFS, production is expected to be 7.2 million pounds U3O8 per year over a minimum life of mine of 16 years, with significant expansion potential through the conversion of existing inferred resources, and the fact that the deposit is open at depth and along strike. The project has a net present value of N$ 5700 million. The deposit has a low strip ratio of 2.8 and is well located for external infrastructure requirements including road, rail, water, electricity and a deep water port.
The construction of a pilot Heap Leach Demonstration Plant was completed in March 2015 and test work started a month later. The results strongly support the DFS with fast leach extraction (92% within 22 days), low acid consumption (13.6 kg/t) and excellent material properties with a clean leach solution with no evidence of build-up of deleterious elements occurring during the recycling of the leach solution.
Bannerman Mining Resources Namibia has had no lost time injuries to employees or contractors for 7 years. All drill sites from the exploration phase have been rehabilitated. The company focuses on continued safe operation of the Demonstration Plant, and engagement with interested parties to establish a financing model that will enable fast tracking the project development once a favorable uranium price environment is available, and therefore continues with project optimisation work.
Bannerman Mining Resources Namibia is committed to Corporate Social Responsibility, and has supported a number of community programmes such as the Erongo Development Foundation (support of 7 underprivileged school leavers for vocational training at NIMT, support SME development in the Erongo Region); Early Learner Assistance Programme (over N$ 700 000 to assist underprivileged learners over the past 6 years); support to Namushasha Lodge and Mbukushu Traditional Village (Zambezi Region) and conservancies attached to Palmwag Lodge (Kunene Region) to train lodge employees on interpersonal communication and hospitality skills; support to the School Fund of Camp Chobe/Salambala Conservancy (Zambezi Region); assistance for teachers in the Erongo Region to raise the educational standard; support to anti – poaching campaigns (Kunene Region); participation in the Erongo Regional Road Safety Forum and West Coast Safety Initiative; contributions to the Walvisbay & Swakopmund Mayoral Development Funds; bursary for Post Graduate Diploma in Applied Radiation Science to Uranium Institute; support of the Hospitality Association of Namibia to stage its annual awards evening; and support of ‘Tourism supporting conservation’ and the Namibia Wildlife Society.
Partnering with communities, focusing on education, poverty eradication and tourism, is ongoing and will remain a key aspect of Bannerman Mining Resources Namibia’s operations.