The DFS was focused on developing the Etango project into producing between six-million and eight-million pounds a year of uranium oxide.
The study was based on a measured resource of 62.7-million tons and an indicated resource of 273.5-million tons.
The company said that it has experienced a 33% increase in the plant throughput from 15-million tons to 20-million tons a year, resulting in a 20% increase in yearly production, reports miningweekly.com.
The study has also resulted in maximising ore grade to minimising material movement costs, and has deferred pre-stripping to maximise operating cash flow in the early years of the mine life.
Bannerman CEO Len Jubber said that has been another productive quarter with the DFS for the Etango project nearing completion.
"We are looking forward to completion of the study in March, at which time Etango will be one of the largest uranium projects at this stage of development held outside of the major producers and utilities," said Jubber.
