The Etango Uranium Project is one of the world’s largest undeveloped uranium projects. It is located in Namibia, southern Africa, one of the world’s top 5 uranium producing nations with substantial mining infrastructure. Etango is one of the few uranium projects in the world with a completed Definitive Feasibility Study (DFS) and environmental permitting and will be a top 10 producer once developed.
Based on the DFS, production is expected to be 7-9 million pounds U3O8 per year for the first five years and 6-8 million pounds U3O8 per year thereafter. It will have a minimum mine life of 16 years with significant expansion potential through the conversion of existing Inferred Resource as well as the deposit being open at depth and along strike.
Etango is considered by Bannerman to be a low technical and environmental risk project, with conventional open pit mining and sulphuric acid heap leaching at 20 million tonnes per annum.
The Etango licence area (EPL 3345) is approximately 500 square kms.