/EINPresswire.com/ -- PERTH, AUSTRALIA -- (Marketwired) -- 07/24/16 -- Bannerman Resources Limited (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

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

Bannerman Resources Limited
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

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