Following the tragic events surrounding the Fukushima event in Japan, the uranium industry has been in some turmoil. We would like to give insights and ignite interest in uranium, which is showing significant opportunity for investment and returns.
Bannerman (ASX:BMN) has been operating since 2005 in Namibia. At Etango, we have done significant drilling, testing and engineering and it is a global project with excellent all round infrastructure. Despite Japan, Germany and Switzerland denouncing nuclear energy which impacted price and interpretation on uranium, we believe this will turn around as demand in India, Russia, China, Ukraine and USA impact in the long term, particularly the Asia region.
A lot of nuclear energy is being developed and produced around the world. Institutions in Asia are building 50 to 100 nuclear reactors lasting 40 to 60 years and mines lasting 10 to 15 years. The focus is longevity, scale and security of supply, so we look for committed capable teams to partner with in proven uranium jurisdictions. We have secured a definitive feasibility study, a rarity and milestone in the industry, achieved through a proven record and experience.