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Last A$0.03 AUD
Change Today 0.00 / 0.00%
Volume 227.0K
As of 8:33 PM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

bannerman resources ltd (BMN) Snapshot

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52 Week High
12/11/14 - A$0.08
52 Week Low
10/6/15 - A$0.03
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bannerman resources ltd (BMN) Details

Bannerman Resources Limited engages in the exploration and development of uranium properties in Namibia, Southern Africa. The company’s principal property is its 80%-owned Etango project located in the Erongo uranium mining region of Namibia. Bannerman Resources Limited was incorporated in 2005 and is based in Subiaco, Australia.

bannerman resources ltd (BMN) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$365.3K
General Manager of Bannerman Mining Resources...
Total Annual Compensation: A$164.4K
Project Advisor of Etango
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

bannerman resources ltd (BMN) Key Developments

Bannerman Resources Limited Auditor Raises 'Going Concern' Doubt

Bannerman Resources Limited filed its Annual on Sep 07, 2015 for the period ending Jun 30, 2015. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Bannerman Resources Limited Reports Audited Consolidated Earnings Results for the Year Ended June 30, 2015

Bannerman Resources Limited reported audited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported loss before tax of AUD 4,741,000 compared to AUD 3,662,000 a year ago. Net loss for the year was AUD 4,241,000 compared to AUD 2,421,000 a year ago. Loss attributable to equity owners of the company was AUD 4,137,000 compared to AUD 2,323,000 a year ago. Basic and diluted loss per share to the ordinary equity holders of the company was 1.21 cents per share against 0.7 cents per share last year. Net cash flows used in operating activities was AUD 1,526,000 compared to AUD 1,902,000 a year ago. Purchase of plant and equipment was AUD 47,000 compared to AUD 27,000 a year ago. Payments for exploration and evaluation were AUD 3,124,000 compared to AUD 630,000 a year ago.

Bannerman Resources Limited Reports Positive Results from Phase 1 of the Etango Heap Leach Demonstration Plant Program

Bannerman Resources Limited reported on the positive results from Phase 1 of the Etango Heap Leach Demonstration Plant Program. The results strongly support the assumptions and projections incorporated in the Etango Definitive Feasibility Study. PHASE 1 HIGHLIGHTS: fast and high leach extraction on a 121.6 tonne sample ­ within 20 days average total ach extraction of 94% for the cribs (not previously conducted) and 93% for the columns similar to that achieved in previous laboratory testing); Further enhanced project knowledge - designed, permitted, constructed and successfully commissioned large scale demonstration plant; Low sulphuric acid consumption ­ on average less than 16 kg/tonne (compared with DFS projection of 18kg/tonne); Geotechnical stability - visual observations during the unloading of the cribs confirmed the uniform percolation through the material, integrity of the agglomerate and geotechnical stability of the heap; The similar performance of the four larger scale (30t sample) cribs to the eight (200kg sample) columns may be an indication of potential upside related to the projection of the previous column testing results to the full scale heap leach pad performance in the DFS; Capability building ­ rapid growth in understanding of the process control and metallurgical accounting associated with the specific characteristics of the Etango deposit and design flowsheet.


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