- The Bannerman Resources Limited has announced it has lodged a mining licence application for its Etango Project in Namibia.
The company said the application was lodged with the Namibian Ministry of Mines and Energy to enable development of the project. "In conjunction with this application, Bannerman has lodged with the Namibian Ministry of Environment and Tourism an Environmental and Social Impact Assessment conducted by independent environmental consultants A. Speiser Environmental Consultants CC and peer-reviewed by Environmental Resource Management and the Southern African Institute of Environmental Assessment," the company added in its statement today.
Bannerman recently released the results of its Preliminary Feasibility Study on the Etango Project and announced its intention to immediately proceed to a Definitive Feasibility Study ("DFS").
"The release of the PFS is a very important milestone for the Company as Bannerman advances the Etango Project towards commencement of construction in 2011 and production in 2013," the statement explained, adding that the company has received a substantial number of investor queries following the announcement of the PFS and, in response, believes it is important to highlight some key points on the viability of the project.
According to the company, the Etango Project is one of the world’s largest undeveloped uranium deposits located in a premier uranium mining jurisdiction, offering long term security of supply for end-users within the timeframe in which there is growing consensus that supply will be constrained as the nuclear renaissance gathers momentum.
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