External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

External broker reports(aggregated public sources)

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.</li><li>Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.</li><li>The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.Costs have been refreshed, process refined and major approvals are all in place. In our view, funding remains the key hurdle.The recent capital raising creates momentum and should assist offtake negotiations but BMN needs to convert on strategic partnership/funding arrangement, in our opinion, if it is to achieve its 2H CY24 FID target.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus

<ul><li>BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.</li><li>Through this process BMN has refreshed its costs and refined the projects scope in an effort to improve process robustness (increased water storage and surge capacity, etc.).</li><li>All up capital costs have only increased by 11% to US$354mn as inflation impacts were partially offset by forex benefits.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.Through this process BMN has refreshed its costs and refined the projects scope in an effort to improve process robustness (increased water storage and surge capacity, etc.).All up capital costs have only increased by 11% to US$354mn as inflation impacts were partially offset by forex benefits.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - FEED Delivered, Focus on Strategic Financing

<div><div><div><div><ul><li>BMN has completed a Scoping Study for higher throughput and operating life cases at its flagship Etango Uranium Project (Etango) in Namibia.</li><li>Two future phase options have been evaluated: 1) a post ramp-up expansion in capacity to 6.7Mlb/y (Etango-XP); or 2) an extension of operating life to 27 years (Etango-XT).</li><li>With ~225Mlb of resources and Etango-8's current capacity of 3.5Mlb/y this is a logical next step, in our view. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

BMN has completed a Scoping Study for higher throughput and operating life cases at its flagship Etango Uranium Project (Etango) in Namibia.Two future phase options have been evaluated: 1) a post ramp-up expansion in capacity to 6.7Mlb/y (Etango-XP); or 2) an extension of operating life to 27 years (Etango-XT).With ~225Mlb of resources and Etango-8's current capacity of 3.5Mlb/y this is a logical next step, in our view. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - Etango - Longer Life or Higher Throughput?

<div><ul><li>The biggest highlight for the quarter, beyond the macro, was the granting of a Mining Licence (ML) for BMN's flagship Etango Uranium project by the Namibian Ministry of Mines and Energy.</li><li>This was a key milestone for the project and positions the company to be FID ready late in 1H CY24.</li><li>Etango is now fully permitted and it has indicated that all attaching conditions to the ML are considered customary.</li></ul></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The biggest highlight for the quarter, beyond the macro, was the granting of a Mining Licence (ML) for BMN's flagship Etango Uranium project by the Namibian Ministry of Mines and Energy.This was a key milestone for the project and positions the company to be FID ready late in 1H CY24.Etango is now fully permitted and it has indicated that all attaching conditions to the ML are considered customary.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Mr. Chamberlain will receive $400k per annum, which is a 12% reduction versus Mr. Munro's base salary.</li><li>With regard to incentives, Mr. Chamberlain will participate in the company’s Employee Incentive Plan (EIP) with a notional value calculated on the basis of 80% subject to the following hurdles:</li><li><p>40% of the incentives are subject to a market-based vesting condition, being the BMN share price exceeding a 20% compound growth rate over the two-year period from 1 July in their year of issue</p></li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Mr. Chamberlain will receive $400k per annum, which is a 12% reduction versus Mr. Munro's base salary.With regard to incentives, Mr. Chamberlain will participate in the company’s Employee Incentive Plan (EIP) with a notional value calculated on the basis of 80% subject to the following hurdles:40% of the incentives are subject to a market-based vesting condition, being the BMN share price exceeding a 20% compound growth rate over the two-year period from 1 July in their year of issueContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bannerman Energy Ltd - Executive Changes, Preparing for the Next Phase

Australia

Bannerman Resources Ltd. explores for uranium in Australia and Africa.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bannerman Resources (BMN AU)

Bannerman Energy Ltd - JunQ'24 - Strategic Funding in Focus

BMN completed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development in June.

Canaccord Genuity

Bannerman Energy Ltd - FEED Delivered, Focus on Strategic Financing

BMN has competed its Front-End Engineering and Design (FEED) and Control Budget Estimate (CBE) for the 3.5Mlb/y Etango-8 development.

Canaccord Genuity

Bannerman Energy Ltd - Etango - Longer Life or Higher Throughput?

BMN has completed a Scoping Study for higher throughput and operating life cases at its flagship Etango Uranium Project (Etango) in Namibia.

Canaccord Genuity

Bannerman Energy Ltd - DecQ'23 Report

The biggest highlight for the quarter, beyond the macro, was the granting of a Mining Licence (ML) for BMN's flagship Etango Uranium project by the...

Canaccord Genuity

Bannerman Energy Ltd - Executive Changes, Preparing for the Next Phase

With regard to incentives, Mr. Chamberlain will participate in the company’s Employee Incentive Plan (EIP) with a notional value calculated on the...

Canaccord Genuity

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)