Bannerman Resources Limited is an exploration and development company with uranium interests in Namibia. The Company’s principal asset is 80%-owned Etango Uranium Project situated southwest of Rio Tinto’s Rossing uranium mine and China General Nuclear Power Company’s (CGNP) Husab project under construction and to the north west of Paladin Energy’s Langer-Heinrich mine. Etango has undeveloped uranium deposits. Bannerman is focused on the development of an open pit mining and processing operation at Etango. Bannerman has two subsidiaries, one wholly-owned and controlled, Elfort Nominees Pty Ltd (Elfort) and one 80% owned, Bannerman Mining Resources (Namibia) (Pty) Ltd (Bannerman Namibia). The Etango Uranium Project is situated on the Namib Desert sands, approximately 38 kilometers (by road) East of the coastal town of Swakopmund.