HIGHLIGHTS
- Membrane Study Testwork successfully completed
º Confirms substantial economic and operational advantages, including over 80% acid recovery from the concentrated eluate stream of the IX plant
º Excellent results confirm optimised flowsheet consists of Ion Exchange (IX) followed by Fe reduction before nano-filtration
º Design of nano-filtration plant now complete to definitive level Etango Project optimisation continues to focus on the evaluation of project scaling and scope opportunities under various development parameters and market conditions- Bannerman maintains conservative balance sheet to guard against market uncertainty
º Strong cash balance ofA$4.6m at31 March 2020 and no debt
º Management and Board pay reductions implemented from1 April 2020 - Current COVID-19 measures not anticipated to disrupt Bannerman business or
Etango Project
º Testwork completed and Heap Leach Demonstration Plant safely decommissioned
º Targeted project work in short-to-medium term already desk-top based - Advanced, permitted
Etango Project well positioned amidst uranium supply disruptions caused by COVID-19 response measures
Bannerman’s Chief Executive Officer, Mr
This announcement was authorised to be issued by the Board of Directors.
For further information please contact:
Chief Executive Officer Tel: +61 (8) 9381 1436 info@bannermanresources.com.au | Company Secretary Tel: +61 (8) 9381 1436 info@bannermanresources.com.au | Tel: +61 422 602 720 michael.vaughan@fivemark.com.au |
Source:
2020 GlobeNewswire, Inc., source