OTCQX:BNNLF - Post by User
Post by
DrRollon Jan 02, 2011 3:40pm
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Post# 17916609
Namibia Uranium Prospect
Namibia Uranium Prospect
# Excellent infrastructure and an established and diverse mining industry.
# 5th largest uranium producer in the world. The Namaqua Metamrphic Complex (also referred to as Namaqua Mobile Belt) forms a belt of Mesoproterozoic gneisses that extends across a significant portion of Namibia.
# Namibia is known for low grade, large uranium deposits.
# Rio Tinto’s Rossing Mine produces 7% of all uranium in the world and contributes 26% of Namibian export earnings.
# Paladin Resources’ Langer Heinrich deposit commenced production in May 2008.
# Areva is currently fast-tracking the Trekkopje Deposit a project they purchased from UraMin Inc. in 2007 for a sum of US$2.5 billion.
# Forsys Metals is the subject of a CAD$579 million take over for its 62 million pound uranium resource, with grades of 130 parts per million (PPM).
# Bannerman's Etango Project is one of the world's largest undeveloped uranium deposits, boasting a total resource of 212 million pounds of U3O8.
# Uranium exploration and mining is an important element of Namibia’s economy.