Bannerman Resources Limited
ASX : BMN
NAMIBIAN : BMN

Bannerman Resources Limited

December 13, 2016 07:00 ET

Ms Twapewa Kadhikwa Appointed to Subsidiary Board

PERTH, AUSTRALIA--(Marketwired - Dec. 13, 2016) - Bannerman Resources Limited (ASX:BMN) (NAMIBIAN:BMN) is pleased to announce that Ms Twapewa Kadhikwa has been appointed as a Non-Executive Director of Bannerman's 100%-owned Namibian subsidiary, Bannerman Mining Resources (Namibia) (Pty) Ltd. Ms Kadhikwa's appointment co-incides with the resignation of Ms Monica Kalondo after serving the company as a director since 2010.

Ms Kadhikwa is a successful Namibian businesswoman and a role model for young entrepreneurs. In addition to her impressive business track record, Ms Kadhikwa brings to the company a highly respected passion for SME development. Her industry profile and insights will be invaluable in guiding the development of the Etango uranium project.

Monica Kalondo has stepped down from the board as part of her scaling down and re-alignment of corporate interests. The Board thanks Ms Kalondo for her guidance and support during the last six years.

Ms Kalondo said, "Bannerman has shown exemplary conduct in the crucial areas of corporate social responsibility, environmental care, employee relations and governance. I have been proud to be involved with Bannerman."

Bannerman's Chief Executive Officer, Mr Brandon Munro, said, "I am delighted to welcome Twapewa as a director of our Namibian subsidiary. I know that her energy and profile positions her as an ideal ambassador within Namibia for the Etango Project."

The board of directors of Bannerman Mining Resources (Namibia) now consists of Ms Twapewa Kadhikwa (Non-Executive Director), Mr Werner Ewald (Managing Director) and Mr Brandon Munro (Chairperson).

About Bannerman - Bannerman Resources Limited is an ASX and NSX listed exploration and development company with uranium interests in Namibia, a southern African country which is a premier uranium mining jurisdiction. Bannerman's principal asset is its 100%-owned Etango Project situated near Rio Tinto's Rössing uranium mine, Paladin's Langer Heinrich uranium mine and CGNPC's Husab uranium mine currently under construction. A definitive feasibility study has confirmed the technical, environmental and financial (at consensus long term uranium prices) viability of a large open pit and heap leach operation at one of the world's largest undeveloped uranium deposits. Since 2015, Bannerman has conducted a large scale heap leach demonstration program to provide further assurance to financing parties, generate process information for the detailed engineering design phase and build and enhance internal capability. More information is available on Bannerman's website at www.bannermanresources.com.

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