The 18-24 month demonstration program, which commenced in April 2015, is an integral step of the project's detailed engineering and financing phases.
It is specifically aimed at demonstrating the design and projected performance reflected in the DFS, further enhancing the project knowledge and pursuing value engineering. The results to date have already gone a significant way towards achieving these objectives.
The full report is available on Bannerman's website at www.bannermanresources.com and on SEDAR (www.sedar.com).
Bannerman's Chief Executive Officer, Len Jubber, said:
"We could not have asked for a better start to the Etango heap leach demonstration plant program.
The scale and quality of the plant, which reflects significant consideration of the environment, has surprised all of those who have visited the site. Moreover, the results from testing over 120 tonnes of ore strongly support the definitive feasibility study. The team in Namibia has done a great job. It would be fair to say that we are very excited about what we have seen to date and look forward to the next stages of the program.
The location and set-up of the plant provides Bannerman with a real advantage with respect to the ease of being able to conduct ongoing work to increase the metallurgical knowledge base and conduct further value engineering.
The Etango Project continues to progress and remains one of the very few globally significant uranium projects that can realistically be brought into production in the medium term. The Heap Leach Demonstration Plant program further de-risks the Etango development path and will assist Bannerman to attract JV / funding partners."
Len Jubber, Chief Executive Officer