Bannerman Expands Mineralization at Onkelo

Bannerman Resources Limited (TSX:BAN,ASX:BMN,NSX:BMN) announced the highlights for its quarterly activity ending December 2011.

As quoted in the press release:

• Onkelo West Drilling – Mine-grade mineralisation was discovered at Onkelo West adjacent to the planned Etango open pit, generating potential to expand and deepen the pit design and extend the mine life.
• Etango Project Definitive Feasibility Study – The study is on schedule for completion at the end of March 2012.

Bannerman’s CEO, Len Jubber said:

We’re looking forward to completion of the DFS in March 2012 at which time Etango will be one of the largest uranium projects at this stage of development held outside of the major producers and utilities. The uranium sector is experiencing a renewed interest as the world increasingly realises that the underlying drivers for nuclear power demand remain unchanged in contrast to the supply side challenges arising from uranium production shortfalls and project delays and deferrals.

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