Bannerman Resources has invested into high-impact optimisation opportunities at its Etango Uranium Project.
Brandon Munro, Bannerman’s Chief Executive Officer said the development is positioning the business for a sustained recovery in the sector while preserving shareholder value.
“Uranium investors will remember 2019 as a disappointing year, with the sector dogged by continuing uncertainty resulting from the section 232 trade action in the US, topped off by tensions in Iran weighing on utility procurement decisions.
“Nonetheless, the nuclear power industry had a good year, with its output exceeding 2011 levels and the forward outlook strengthened,” said Munro.
He said Bannerman has continued to identify high-impact value addition opportunities at its Etango Uranium Project in Namibia, whilst maintaining a strong cash position and disciplined fiscal approach.
The Etango Project optimisation is focused on high-impact outcomes, including evaluation of project scaling and scope opportunities under various development parameters and market conditions.