21/05/2008 - 13:46

Bannerman awards GRD Namibia contract

21/05/2008 - 13:46

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Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.

Bannerman awards GRD Namibia contract

Uranium explorer Bannerman Resources Ltd has awarded GRD Ltd subsidiary GRD Minproc a contract to carry out a bankable feasibility study for its Namibian mine project.

Leederville based Bannerman awarded the contract for its Anomaly AUranium Project in Namibia, which is located in a recognised uranium province near the existing Rossing and Langer Heinrich uranium operations.

GRD Minproc will study management and design of the mine, as well as process plant and infrastructure to help progress Anomaly A through to a fully functioning uranium process plant.
The studies will be undertaken by the GRD Minproc Perth office, in conjunction with the company's Africa office.

Peter Batten of Bannerman Resources said GRD Minproc clearly had the experience and expertise to define how the in-ground resource will be developed into a successful uranium mine and processing facility.
GRD Chief Executive Officer Cliff Lawrenson said GRD Minproc had earned a strong reputation as a world leader in uranium engineering through its involvement in studies and projects for the most prominent uranium producers and developers in the southern hemisphere.
"Bannerman is one of the new generation of uranium developers and GRD Minproc is excited to be
playing its part in helping the company reach its goal of becoming a significant uranium producer," Mr
Lawrenson said.

 

Full announcement below:

Bannerman Resources Ltd, an Australian-based uranium mine development company, is pleased to announce that a contract has been awarded to the engineering construction company GRD Minproc, a subsidiary of GRD Limited, to produce a Bankable Feasibility Study (BFS) for the development of a uranium mine at the Goanikontes' Anomaly A project in Namibia

GRD Minproc is an international engineering contractor with offices on three continents and has successfully completed over 200 projects and 300 feasibility studies in over 30 countries. Its recent uranium experience includes the EPCM contract for the Langer Heinrich uranium mine in Namibia, the feasibility study for the Kayelekera uranium project in Malawi and the feasibility study on the Bakouma uranium project in the Central African Republic, together with several other feasibility studies on uranium projects in Africa and Australia.

Work on the BFS will commence immediately and is expected to continue through to the first quarter of 2009. The work will include management and design of the proposed mine, process plant and infrastructure and will provide the basis to progress Anomaly A from a resource to a producing mine.

The work will be managed by Minproc's Perth office in conjunction with their African office and various sub-consultants based in Australia and Africa.

""This is a very significant milestone for the Anomaly A Project and Bannerman Resources. With the appointment of GRD Minproc the scale and pace of development at Anomaly A will accelerate dramatically as we move from explorer status through to construction and major producer status.

GRD Minproc has been operating in Africa for almost 20 years and has significant depth of capability in project delivery in all regions of Africa. With an impressive background in uranium mining projects and a standing as a world class engineering consultant amongst the international financial community, we believe we have brought together all the right ingredients to enable us to progress our Anomaly A Project and establish our mining operation in Namibia," says Peter Batten, Managing Director of Bannerman Resources.

GRD Chief Executive Officer Cliff Lawrenson said GRD Minproc had earned a strong reputation as a world leader in uranium engineering through its involvement in studies and projects for the most prominent uranium producers and developers in the southern hemisphere.

 

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