Bannerman Announces Quarterly Update

Bannerman Resources Limited (ASX:BMN,TSX:BAN) announced highlight from its quarterly report.

As quoted in the press release:

Highlights:

• Completion of the Etango Uranium Project DFS in early April 2012, confirming the viability of a long life and large scale uranium mining project:
  • 80% conversion of Measured and Indicated Mineral Resources into Proved and Probable Ore Reserves totalling 279.6 million tonnes at an average grade of 194ppm U₃O₈ for 119.3 Mlbs of contained U₃O₈

Click here to read the Bannerman Resources Limited (TSX:BAN) press release.