home Equities A.BMN: Etango’s long term tenure secured by Retention Licence

A.BMN: Etango’s long term tenure secured by Retention Licence

PERTH, Australia, Oct. 02, 2017 (GLOBE NEWSWIRE) — Bannerman Resources Limited (ASX:BMN) (NSX:BMN) (“Bannerman” or the “Company”) is pleased to announce that the Namibian Ministry of Mines and Energy has granted a Mineral Deposit Retention Licence with a five year extendable term (Retention Licence) over Bannerman’s 95% owned Etango Uranium Project.

Bannerman’s Chief Executive Officer, Mr Brandon Munro, said, “A Retention Licence is the ideal tenure for the highly advanced Etango project. It ensures this world-class project can move quickly to a mining licence when the uranium price recovers and gives us maximum flexibility in the meantime.  We are grateful for the continued support Bannerman receives from the Namibian government, the grant of this Retention Licence being the latest example.”

The full report is available on Bannerman’s website at www.bannermanresources.com and on SEDAR (www.sedar.com).

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Source: Markets Insider

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