{"id":4096,"date":"2024-03-18T13:12:43","date_gmt":"2024-03-18T05:12:43","guid":{"rendered":"https:\/\/bannermanenergy.com\/?p=4096"},"modified":"2024-04-10T13:15:27","modified_gmt":"2024-04-10T05:15:27","slug":"etango-xp-and-etango-xt-scoping-study","status":"publish","type":"post","link":"https:\/\/bannermanenergy.com\/etango-xp-and-etango-xt-scoping-study\/","title":{"rendered":"Etango-XP and Etango-XT Scoping Study"},"content":{"rendered":"\t\t
Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF) is pleased to advise<\/a> of the completion of a Scoping Study evaluating future higher throughput and operating life cases for its flagship Etango Uranium Project (Etango) in Namibia. Two future phase options have been evaluated: a post ramp-up expansion in throughput capacity to 16 Mtpa (Etango-XP) or an extension of operating life to 27 years (Etango-XT).<\/p> Bannerman remains focused on advancing Front End Engineering and Design (FEED), offtake marketing and strategic financing workstreams on its base case 8 Mtpa Etango development (Etango-8), which was the subject of a Definitive Feasibility Study (DFS) (refer Bannerman ASX release dated 6 December 2022, Etango-8 Definitive Feasibility Study).<\/p> Bannerman remains fully committed to the timely development of Etango-8, which is a highly attractive standalone project. The Scoping Study evaluation of the Etango-XP and Etango-XT cases has been undertaken to demonstrate the potential technical and economic viability of subsequent expansion and\/or life extension options for Etango, post successful construction and ramp-up of Etango-8.<\/p> \n\t\t\t\t\"Developing the world-class Etango Project at an initial 8 Mtpa throughput scale is our core focus. We undertook the Etango-XP \/ XT Scoping Study in order to demonstrate the ready technical and financial viability of expanding or extending our base case Etango operation following its successful construction and ramp-up. As evidenced by the announced outcomes, the Scoping Study has categorically demonstrated this further growth optionality. In short, the long-term scalability of the world-class Etango resource remains highly robust under the base case Etango-8 approach to initial project development.\u201d\t\t\t<\/p>\n\t\t\t\t\t\t\t \n\t\t\t\t\u201cI am delighted that we have more formally demonstrated the longer-term optionality delivered by our large-scale Etango uranium resource. While the XP and XT cases are readily viable at our base case Etango-8 DFS price assumption of US$65\/lb, their economics are clearly supercharged in higher price scenarios. As such, what the Scoping Study emphatically evidences is the significant underlying value residing in Etango\u2019s huge in-ground leverage to, and scalability with, higher uranium price outlooks. The ability to enact either the XP or XT plans, post-delivery of the initial Etango-8 development, affords Bannerman substantial real option value across a range of long-term uranium price outcomes.\u201d\t\t\t<\/p>\n\t\t\t\t\t\t\t The comprehensive Scoping Study announcement, which attaches the complete Scoping Study Report prepared by Wood plc, can be downloaded here<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":" Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF) is pleased to advise of the completion of a Scoping Study evaluating future higher throughput and operating life cases for its flagship Etango Uranium Project (Etango) in Namibia. Two future phase options have been evaluated: a post ramp-up expansion in throughput capacity to 16 Mtpa (Etango-XP) or an extension of …<\/p>\nKEY OUTCOMES<\/h5>
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