Bannerman reports positive results from uranium-mining dig in Namibia

Bannerman Resources, Ltd., reported positive findings from the second phase of the Etango Heap uranium-mining project in Namibia.
 
The company said these results support projections from the project’s definitive feasibility study (DFS) and its DFS Optimization Study.

"The Etango heap leach demonstration plant program continues to strongly support the DFS (2012) and DFS Optimization Study (2015) assumptions,” Bannerman CEO Len Jubber said. “The team in Namibia has now done large-scale testing on 180 tonnes of ore, which substantially de-risks the planned utilization of heap leaching at the Etango deposit. We are excited by the results, which point to additional potential to unlock further value in the Etango Project."

The company listed several highlights from the report. In the second phase, the company said there has been low amounts of sulfuric acid consumption of approximately 1 kilogram per ton. The Bannerman report also said that within 20 days, approximately 93 percent of two cribs and 91 percent of column areas have been extracted from a 60-ton sample.

Reduction in leach extraction performance is also reported to have not been noticeable between large crib areas, as opposed to the smaller column areas.

Bannerman Resources is focused on the development and extraction of uranium in Namibia. The company owns 80 percent of the Etango project.