Bannerman Resources Ltd.: Quarterly Activities Report for the Period Ended 30 June 2016

PERTH, Jul 24, 2016 - Bannerman Resources Ltd. (ASX:BMN) (NAMIBIAN:BMN) had a successful June quarter, including completion of the de-risking of the Etango heap leach process, renewal of its Exclusive Prospecting Licence and delisting from TSX.


HIGHLIGHTS

• Successful Heap Leach Demonstration Plant Program
  • Results of Phase 4 of the Heap Leach Demonstration Plant further highlight the robustness of the Etango DFS and Optimisation Study;
    • No deleterious elements;
    • Fast and efficient solvent extraction;
    • Confirms DFS solvent extraction design parameters.
  • Heap Leach de-risking now complete with outstanding results and scope for cost reductions.
  • Phase 5 (optimisation and value engineering) commenced.
• Renewal of Exclusive Prospecting Licence 3345
• De-Listing from TSX
• Cash balance as at 30 June 2016 was A$1.6 million.

The full report is available on Bannerman's website at www.bannermanresources.com and on SEDAR (www.sedar.com).


Brandon Munro, Chief Executive Officer
25 July 2016


ABN 34 113 017 128



Contact

Bannerman Resources Ltd.
Brandon Munro, Chief Executive Officer
+61 (8) 9381 1436
info@bannermanresources.com.au

Bannerman Resources Ltd.
Robert Dalton, Financial Controller & Company Secretary
+61 (8) 9381 1436
info@bannermanresources.com.au

Spyros Karellas
Investor Relations
+1 416 433 5696
spyros@pinnaclecapitalmarkets.ca