Bannerman Open to Offers Despite Hanlong Bid

World Nuclear News reports Bannerman Resources (TSX:BMN,ASX:BAN) is continuing joint venture discussions with third parties to develop the Etango uranium project, Namibia .

The market news is quoted as saying:

Bannerman is working to develop Etango, formerly known as Goanikontes, with a view to a mine start-up in 2015. Production of 2000-2500 tU per year for 20 years is envisaged. The company has been working to find a suitable joint venture partner to facilitate the financing, development and operation of the project. A takeover would give Hanlong control of Etango, which Bannerman describes as “large-scale and low technical risk.”

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