PERTH, AUSTRALIA--(Marketwired - July 24, 2016) - Bannerman Resources Limited (ASX:BMN)(NAMIBIAN:BMN) had a successful June quarter, including completion of the de-risking of the Etango heap leach process, renewal of its Exclusive Prospecting Licence and delisting from TSX.
HIGHLIGHTS
- Successful Heap Leach Demonstration Plant Program
- Results of Phase 4 of the Heap Leach Demonstration Plant further highlight the robustness of the Etango DFS and Optimisation Study;
- No deleterious elements;
- Fast and efficient solvent extraction;
- Confirms DFS solvent extraction design parameters.
- Heap Leach de-risking now complete with outstanding results and scope for cost reductions.
- Phase 5 (optimisation and value engineering) commenced.
- Results of Phase 4 of the Heap Leach Demonstration Plant further highlight the robustness of the Etango DFS and Optimisation Study;
- Renewal of Exclusive Prospecting Licence 3345
- De-Listing from TSX
- Cash balance as at 30 June 2016 was A$1.6 million.
The full report is available on Bannerman's website at www.bannermanresources.com and on SEDAR (www.sedar.com).
Brandon Munro, Chief Executive Officer
25 July 2016
ABN 34 113 017 128
Contact Information:
Bannerman Resources Limited
Brandon Munro
Chief Executive Officer
+61 (8) 9381 1436
info@bannermanresources.com.au
Bannerman Resources Limited
Robert Dalton
Financial Controller & Company Secretary
+61 (8) 9381 1436
info@bannermanresources.com.au
Spyros Karellas
Investor Relations
+1 416 433 5696
spyros@pinnaclecapitalmarkets.ca
Brandon Munro
Chief Executive Officer
+61 (8) 9381 1436
info@bannermanresources.com.au
Bannerman Resources Limited
Robert Dalton
Financial Controller & Company Secretary
+61 (8) 9381 1436
info@bannermanresources.com.au
Spyros Karellas
Investor Relations
+1 416 433 5696
spyros@pinnaclecapitalmarkets.ca