Africa-Press – Namibia. AUSTRALIAN listed uranium development company Bannerman Energy is close to completing its definitive feasibility study (DFS) on its Etango-8 uranium project near Swakopmund.
According to the second issue of the Chamber of Mines’ e-newsletter, the Etango-8 project is a smaller development pathway for the mine that will enable uranium production sooner with lower development hurdles, although Bannerman has been busy at Etango since 2006 The Bannerman DFS, led by a world-class steering committee, confirms strong technical and economic viability of conventional open-pit mining and heap-leach processing at Etango.
Bannerman’s flagship Etango project is one of the world’s largest undeveloped uranium assets.
“It is located in the highly established uranium mining jurisdiction of Namibia and we have environmental permits in place for development. Etango has been strongly derisked through extensive drilling, and the technical evaluation and operation of a process demonstration plant facility,” the company says in its newsletter.
According to the chamber, Namibia is an established top-five uranium-producing country with more than 40 years of safe exporting of the product through the leading Walvis Bay terminal.
The name Etango-8 refers to the reduced throughput of eight million tonnes per annum, compared with the original development proposition of 20 million tonnes per annum (for which Bannerman completed a DFS in 2012).
The steering committee has overseen the DFS process, of which the completion is targeted for the September 2022 quarter.
The committee is chaired by industry veteran Norman Green and comprised of experts John Turney, Mike Leech, Steve Herlihy, and Brandon Munro.
Green is well known to the Namibian mining industry after leading the feasibility, environmental and construction phases of the Husab uranium mine as chief executive officer of Swakop Uranium before handing over to CGN in 2012.
He has also led the construction and commissioning of the Skorpion Zinc mine and refinery project, and has been contracted to Namdeb on operational improvements at the Elizabeth Bay diamond mine.
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