In the same category

Bannerman Resources

Published : August 01st, 2008

' Second Quarter Report on Corporate and Exploration Activity

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | Diamond | Namibia | Uranium |
=======================================================================
Re:   News Releases - Friday, August 01, 2008
      Bannerman Resources' Second Quarter Report on Corporate and
      Exploration Activity
=======================================================================

Perth, Australia -- August 01, 2008 -- Bannerman Resources Ltd (ASX:
BMN, TSX: BAN) ("Bannerman" or the "Company"), an Australian-based
uranium exploration and mine development company, is pleased to present
a summary of corporate and project activity for the second quarter of
2008. Please see Bannerman's "Mining exploration entity quarterly
report (Appendix Form 5B)" and "Quarterly Activities Report" filed on
SEDAR and available on the Company's website,
www.bannermanresources.com.


Goanikontes Anomaly A Feasibility Study
Goanikontes Anomaly A continues to be the focus of intensive
exploration activity. During the quarter, the RC programme completed
109 holes for 24,489m bringing the total number of RC holes drilled at
the project to 441 holes for 117,198m. The RC drilling programme has
completed the 50m x 50m grid and the drill rigs have moved on to
commence the Expanded Exploration programme.

Diamond drilling is continuing with one Diamond core rig drilling
metallurgical and geotechnical holes for the Definitive Feasibility
Study (DFS). This programme has completed 14 holes for 5,030m during
the quarter, including two holes drilled for metallurgical test work.
The total number of Diamond holes completed which will be included in
the updated resource estimate is 46 holes for 18,123m.

The new resource estimate which will be used for the DFS will include
results from all 487 holes completed by Bannerman on a predominantly
50m x 50m grid to a depth of 400m in areas. The database includes in
excess of 80,000 samples with 96% of the grades determined from
chemical assay.

On the 23rd of May the contract to conduct a Definitive Feasibility
Study (DFS) was awarded to the engineering construction company GRD
Minproc, a subsidiary of GRD Limited. The DFS will consider the
development of a uranium mine at the Goanikontes' Anomaly A project in
Namibia.

GRD's Environmental Team has issued a first draft of a scoping report
to GRD's management in preparation for the public participation
meetings planned to commence in October.  As well, the first 100m of
HQ-core was shipped to Perth, under the control of GRD Minproc and
metallurgical test work has commenced. An additional half-NQ core was
also shipped to Perth to commence the leach test work. Diamond drilling
will produce a further ~850m of whole NQ core to be sent to Perth in
July/August for comminution and leach variability test work.

Expanded Exploration
Two RC drill rigs have been working on Rossingberg 13, completing 22
holes for 4,455m. The 18 historic holes were probed and raw (no
mitigating factors applied) spectrometer results are available on the
website.

One RC drill rig is active on the Ombuga prospect where 6 holes were
completed for 1,615m. No results are available to date.

Drilling at Oshiveli completed 15 holes for 4,768m. The significant
drill intercepts from 2 holes include: 7 metres @ 793 ppm and 15 metres
@ 560 ppm and 12 metres @ 336 ppm; 16 metres @ 200 ppm.

High Court Motion
The High Court Motion brought against the Minister of Mines and Energy
(MME) by Savanna Marble CC (Savanna) is ongoing and preliminary
affidavits have been submitted to the court. Although the Motion has
been brought against the MME, Bannerman Mining Resources (Namibia)
(Pty) Ltd (Bannerman) is second respondent to the Motion which relates
to EPL3345 (Welwitschia).

On 14 April 2008, Savanna amended its Notice of Motion to include a
claim that the MME was 'functus officio', in effect claiming that the
Minister did not have the power to grant EPL3345 when he purported to
grant the licence to Bannerman on 16 April 2006.

Bannerman submitted answering and opposing affidavits on 30 May 2008.

The MME filed three affidavits on 30 June 2008 opposing the claims by
Savanna. The affidavits were sworn by Mr Errki Nghimtina, the Minister
of Mines and Energy, Mr Erasmus Iiyambo Shivolo, the Director of Mines
and the Acting Mining Commissioner and Dr Gabriele I. C. Schneider, the
Director of Geological Surveys at the Ministry of Mines and Energy.

Savanna now has the opportunity to submit responding affidavits after
which Bannerman will approach the President Judge of the Namibian High
Court to seek a hearing date.

Bannerman has council on the merits of Savanna's claim and expects to
receive advice once all of the affidavit evidence has been filed.

Corporate Growth
Geoff Stanley was appointed to the Board of Directors on the 23rd of
May 2008 as Non Executive Chairman of the Company. Mr. Stanley is based
in New York and replaces Mr. Alastair Clayton who has stepped aside
from the role of Chairman but carries on as Non Executive Director of
the Company.

The Company continues to build its team of professionals as it
progresses towards production. The Company has attracted directors and
senior professionals of high standards and experience to ensure that
the Company operates at a level commensurate with industry best
practice and has the requisite abilities to take the Company through to
becoming a major producer of uranium on the world scene. The completion
of the drilling of the first deposit at Goanikontes, places Bannerman
at the threshold of development and production.

About Bannerman
Bannerman Resources Limited is an emerging uranium producer with
interests in two properties in Namibia, an African country considered
to be a premier mining jurisdiction. Its principal and most significant
asset is its 80% interest in the Goanikontes project situated on a
trend southwest of the Rio Tinto R�ssing uranium mine.
 
Bannerman is focused on accelerating the development of a very large
uranium deposit at Goanikontes, Namibia. A mine plan is contemplating
low cost uranium production using proven processing techniques. The
scoping study completed in December 2007 describes robust project
economics using conservative uranium prices. A definitive feasibility
study is currently underway by GRD Minproc.   The company expects to
bring its starter asset at the Goanikontes deposit into production by
2011.

The area offers tremendous exploration potential. Exploration of the
several other identified targets away from Anomaly A has commenced and
will continue through the development stages of the Goanikontes starter
asset.

Please visit the Company website at www.bannermanresources.com
 
For further information please contact:

Peter Batten
Managing Director
Bannerman Resources Ltd.
Ph: +61 (08) 9381 1436       
Em: peter@bannermanresources.com.au

North America
Ann Gibbs
Investor Relations
Bannerman Resources Ltd
Tel: 1 416 388 7247
E: ann@bannermanresources.com

=======================================================================
Copyright (c) 2008 BANNERMAN RESOURCES LIMITED (BAN)  All rights
reserved.  For more information visit our website at
http://www.bannermanresources.com/ or send
mailto:questions@bannermanresources.com
Message sent on Fri Aug 1, 2008 at 7:02:11 AM Pacific Time
=======================================================================
.
Data and Statistics for these countries : Australia | Namibia | All
Gold and Silver Prices for these countries : Australia | Namibia | All

Bannerman Resources

DEVELOPMENT STAGE
CODE : BMN.AX
ISIN : AU000000BMN9
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Bannerman is a uranium development stage company based in Australia.

Its main asset in development is ETANGO in Namibia and its main exploration properties are SWAKOP RIVER in Namibia and SERULE SOUTH, SERULE NORTH and DUKWE in Botswana.

Bannerman is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 1.8 billions as of today (US$ 1.3 billions, € 1.1 billions).

Its stock quote reached its lowest recent point on March 27, 2020 at AU$ 0.02, and its highest recent level on September 21, 2022 at AU$ 2.07.

Bannerman has 849 630 016 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Bannerman Resources
2008 Annual report
Financings of Bannerman Resources
9/6/2013Extends Maturity Date of RCF Convertible Note
12/14/2011Announces Share Placement & Refinancing of Convertible Note
Nominations of Bannerman Resources
5/5/2010Appoints Dr David Smith As Chairman
11/24/2009Appoints Dr David Smith To The Board
8/13/2009(Etango)Appoints Project Director to Lead Etango Project Development
11/17/2008appoints highly qualified CEO and secures A$20M funding faci...
Financials of Bannerman Resources
4/29/2011-Quarterly Activities Report-For the Period Ended 31 March 2...
8/1/2008' Second Quarter Report on Corporate and Exploration Activit...
Project news of Bannerman Resources
7/17/2012(Etango)Receives Etango Project Environmental Approval
1/30/2012(Etango)Advances Etango DFS and Discovers New Mineralisation
7/28/2011(Etango)Receives Environmental Approval for Linear Infrastructure at...
3/22/2011(Etango)Exploration Update
12/1/2010(Etango)Advances Etango Feasibility Study & Provides Interim Project...
3/4/2010REPORTS POSITIVE DRILLING RESULTS
2/16/2010(Etango)Feasibility Study Update
12/10/2009Announces Further Infill and Exploration Drilling Results
10/22/2009Intersects New Mineralised Zone & Announces Further Resource...
9/15/2009(Etango)Reports Further Drilling Results at the Etango Uranium Proje...
7/27/2009(Etango)Announces Extension of Etango PFS Following Recent Favourabl...
7/20/2009(Etango)Significantly Expands the Etango Project Mineral Resource Es...
7/6/2009(Etango)Extends Strike Length of Broad Shallow Zones at Etango
5/20/2009(Etango)Confirms Formal Renewal of Etango Project Exploration Licenc...
5/20/2009Drilling Results Update
2/11/2009(Etango)Announces Etango Project Resource Upgrade
9/22/2008(Etango)Etango Project: Resource Report & Preliminary Metallurgical ...
5/20/2008Commissions GRD Minproc for Full Feasibility Study
Corporate news of Bannerman Resources
7/25/2016Chairman's Address to Shareholders
7/5/2016Heap Leach de-risking complete
5/10/2016Confirmation of delisting from TSX
4/28/2016Appendix 3B
4/28/2016Notice under section 708A(5)(e) - Corporations Act
4/28/2016March 2016 Quarterly Cashflow Report
4/28/2016March 2016 Quarterly Activities Report
4/27/2016Intention to voluntarily delist from Toronto Stock Exchange
4/6/2016FURTHER SUCCESS AT DEMONSTRATION PLANT - PHASE 3 RESULTS
1/28/2016Bannerman Resources Limited: Quarterly Activities Report for...
1/27/2016December 2015 Quarterly Activities Report
1/27/2016December 2015 Quarterly Cashflow Report
1/4/2016Change in substantial holding
1/3/2016Notice under section 708A(5)(e) - Corporations Act
1/3/2016Appendix 3B
1/3/2016Corporate Transaction Complete
1/3/2016Change of Director's Interest Notice - C Jones
12/31/2015Bannerman Resources Limited: Ownership Consolidation, Debt E...
12/31/2015Notice of Initial Substantial Holder - Nathan McMahon
12/31/2015Notice of Initial Substantial Holder - Clive Jones
12/29/2015Grant of CEO Performance Rights
12/24/2015Bannerman Files 43-101 Technical Report for Etango Uranium P...
12/24/2015NI 43-101 Technical Report for Etango Optimisation Study
12/21/2015Change of Director's Interest Notice - I Burvill
12/21/2015Change of Director's Interest Notice - D Tucker
12/21/2015Notice under section 708A(5)(e) - Corporations Act
12/21/2015Appendix 3B
12/21/2015Change of Director's Interest Notice - C Jones
12/21/2015Change of Director's Interest Notice - L Jubber
10/30/2015Bannerman Announces Quarterly Activities Report
10/28/2015Bannerman Resources Limited: Corporate Update
9/7/2015Annual Financial Statements and MD&A
7/29/2015Bannerman Announces Quarterly Activities Report
7/28/2015June 2015 Quarterly Activities Report
7/28/2015June 2015 Quarterly Cashflow Report
7/22/2015Amended Change of Director's Interest Notice - L Jubber
7/15/2015Bannerman Resources Limited: Heap Leach Demonstration Plant ...
7/14/2015Heap Leach Demonstration Plant Strongly Supports Etango DFS
7/7/2015Notice under section 708A(5)(e) - Corporations Act
7/7/2015Appendix 3B
6/30/2015Notice under section 708A(5)(e) - Corporations Act
6/30/2015Results of Meeting
6/30/2015Chairman's Address to Shareholders
6/25/2015Appendix 3B
4/24/2015Change of Director's Interest Notice - D Tucker
4/24/2015Change of Director's Interest Notice - L Jubber
4/24/2015Notice under section 708A(5)(e) - Corporations Act
4/24/2015Change of Director's Interest Notice - R Beevor
4/24/2015Change of Director's Interest Notice - C Jones
4/24/2015Appendix 3B
4/22/2015A$2 Million Capital Raising Successfully Completed
4/22/2015Appendix 3B
4/21/2015Appendix 3B
4/19/2015A$2 Million Capital Raising Update
4/14/2015Change in substantial holding
4/10/2015Notice under section 708A(5)(e) - Corporations Act
4/10/2015Appendix 3B
4/1/2015: Share Purchase Plan Closing Date Extended
4/1/2015Share Purchase Plan Closing Date Extended
3/25/2015(Etango)Etango Heap Leach Demonstration Plant Opened-Commissioning C...
3/25/2015Bannerman Resources Inc.: Etango Heap Leach Demonstration Pl...
3/24/2015Etango Heap Leach Demonstration Plant Opened
3/10/2015Cleansing Statement - Share Purchase Plan
3/6/2015RETRANSMISSION: Bannerman Initiates Share Purchase Plan
3/5/2015Initiates Share Purchase Plan
3/5/2015Bannerman Initiates Share Purchase Plan
3/4/2015Bannerman Initiates Share Purchase Plan
2/25/2015Construction Update - Etango Heap Leach Demonstration Plant
2/24/2015Construction Update - Etango Heap Leach Demonstration Plant
1/28/2015Bannerman Resources Limited Quarterly Activities Report for ...
11/26/2014Bannerman Resources Limited: Construction Update-Etango Heap...
11/4/2014Appendix 3B
11/3/2014Grant of CEO Performance Rights
11/3/2014Chairman's Address and CEO Presentation
10/30/2014Bannerman Resources Limited Quarterly Activities Report For ...
10/30/2014September 2014 Quarterly Cashflow Report
10/30/2014September 2014 Quarterly Activities Report
10/21/2014Change in substantial holding
10/21/2014Notice under section 708A(5)(e) - Corporations Act
10/21/2014Issue of shares and cancellation of performance rights
9/22/2014Bannerman Awards Contracts to Construct & Operate Etango Hea...
7/30/2014Bannerman Resources Quarterly Activities Report For the Quar...
6/19/2014Bannerman Receives Shareholder Approval for New RCF Converti...
4/29/2014Bannerman Resources Quarterly Activities Report March 2014
4/8/2014RCF to Invest Further in Bannerman and Fund Etango Pilot Pla...
10/23/2013: Quarterly Activities Report for the Quarter Ended 30 Septe...
7/30/2013Quarterly Activities Report For the Quarter Ended 30 June 20...
4/24/2013: Quarterly Activities Report
3/19/2013Analyst Coverage
1/30/2013Releases December 2012 Quarterly Activities Report
11/7/2012CEO Boardroom Radio Interview
10/31/2012Releases September 2012 Quarterly Activities Report
8/9/2012Provides Update Regarding Epangelo Discussions
7/31/2012Releases June 2012 Quarterly Activities Report
6/14/2012Board Changes
5/24/2012(Etango)Files 43-101 Technical Report for Etango Uranium Project DFS
4/26/2012CEO Open Briefing Interview
4/10/2012Reports Positive DFS Results & Milestone Agreement With Nami...
2/3/2012News Release
1/23/2012CEO Boardroom Radio Interview
1/4/2012Commences Share Purchase Plan
12/23/2011Completes Share Placement
10/24/2011on Hanlong Proposal
9/13/2011Regarding Hanlong Acquisition Proposal
7/10/2011Receives Acquisition Proposal
5/11/2011Provides Update on Proposed Namibian Minerals Policy Changes
1/28/2011Dec 2010 Quarterly Activities Report
7/30/2010Releases Quarterly Activities Report - July 2010
3/31/2010Etango Project Updated Mineral Resource Estimate
5/10/2010Reports New Uranium Targets From Initial Regional Exploratio...
4/22/2010Quarterly Activities Report - March 2010
10/23/2009Notice of Annual General Meeting with Management Circular
9/24/2009Annual Financial Report and Management's Discussion and Anal...
7/31/2009Releases Quarterly Activities Report for Period Ended 30 Jun...
7/27/2009Board Changes
5/27/2009Announces Proposed Equity Financing
1/30/2009 December Quarter Report on Corporate and Exploration Activi...
1/16/2009Completes the Settlement of Savanna Litigation
12/17/2008Announces Board Changes and Issue of Draw- Down Notice
12/17/2008Settlement of Savanna Litigation
11/28/2008confirms agreement for convertible financing
8/26/2008ANNOUNCES BOARD CHANGE
8/26/2008Presents Company Update
8/5/2008Increases Overall Resource Estimate by 48%
6/24/2008' Resource Drilling Finalised at Anomaly A Exploration Comme...
5/22/2008Geoff Stanley Accepts Position as Chairman of the Board of D...
5/9/2008Announces Initial Drill Results At Oshiveli Prospect
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (BMN.AX)BERLIN (BH6.BE)
2.07+0.98%1.27-4.23%
AUSTRALIA
AU$ 2.07
09/21 11:00 0.020
0.98%
Prev close Open
2.05 2.04
Low High
1.99 2.07
Year l/h YTD var.
0.162 -  2.36 666.67%
52 week l/h 52 week var.
0.162 -  2.36 681.13%
Volume 1 month var.
364,993 -1.43%
24hGold TrendPower© : 44
Produces
Develops Uranium
Explores for Platinum - Uranium
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 12/8/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20221154.55%
202175.53%0.220.09
2020141.03%0.110.02
20195.41%0.060.03
2018-35.09%0.080.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.75-1.02%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.28-6.82%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.60+0.67%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.11+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.13-11.98%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.44-8.39%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.26-7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.32-5.88%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.95-10.14%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 57.69-8.60%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :