11:55 AM EST - Bannerman Resources Limited : announced highlights from its December 2011 Quarterly Activities Report released today. Highlights: Mine-grade mineralization was discovered at Onkelo West project adjacent to the planned Etango open pit, generating potential to expand and deepen the pit design and extend the mine life. The feasibility study is on schedule for completion of the Etango project at the end of March 2012. Significant developments during the Quarter include: Optimization of the site layout including the waste rock and heap leach residue dump; Further metallurgical test work confirming the rapid leaching and high recovery characteristics of the Etango mineralization; Completion of plant designs and engineering drawings; and receipt of price submissions from suppliers. Bannerman Resources Limited
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