Bannerman Resources Limited is an exploration and development company. The Company has uranium interests in Namibia. The Company's principal asset is its around 80% owned Etango Project. The Etango Project is an undeveloped uranium deposit, which is located in the Erongo uranium mining region of Namibia, which hosts the Rossing and Langer-Heinrich mines, and the Husab Project. The Etango Uranium Project is situated on the flat Namib Desert sands, around 38 kilometers East of the thriving coastal town of Swakopmund. The Etango Project area forms part of Exclusive Prospecting Licence (EPL) 3345, which is held by the Company's subsidiary, Bannerman Mining Resources (Namibia) (Pty) Ltd, to explore for nuclear fuels, including uranium, expressed as uranium oxide (U3O8). The Etango license area (EPL 3345) is approximately 500 square kilometers. The Company has completed the construction and commissioning of the Etango Heap Leach Demonstration Plant.