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    market news

    Bannerman Resources: Etango’s long term tenure secured by Retention Licence

    Melissa Shaw
    Oct. 02, 2017 09:08AM PST
    Energy Investing

    Bannerman Resources (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 …

    Bannerman Resources (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.”

    Click here to read the full text release. 

    market newsetango uranium projectasx:bmn
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