BMN – Bannerman Energy Ltd

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Recommendation Rating

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1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 0.2

Low: 0.2

High: 0.2

Total Analysts: 1

Company Profile

Bannerman Energy Limited, formerly Bannerman Resources Limited, is an Australia-based uranium development company. The Company is focused on Etango Uranium Project located in the Erongo Region of Namibia, 30 kilometers (Km) south-east of Swakopmund. The Company holds uranium interests in Namibia. It possesses a uranium mineral resource endowment of approximately 207 Mlbs of contained U3O8. Etango is an undeveloped uranium deposit. The Company is focused on the development of an open pit uranium operation at Etango. The Etango tenements possess a uranium mineral resource. It has completed definitive feasibility study (DFS) and environmental permitting on the Etango Project. The Company constructed and operated a Heap Leach Demonstration Plant at Etango, which de-risked the acid heap leach process to be utilized on the Etango ore. Etango has de-risked through drilling, technical evaluation and operation of a process demonstration plant facility.

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