Australian-based uranium mining junior Bannerman Resources plans to list on the Namibian Stock Exchange (NSX) on April 2, it said on Thursday.

This would make miner the fifth uranium firm to trade its shares on the Namibian bourse, following the listings of Paladin Energy, and Deep Yellow, earlier this year, and Xemplar Energy and Forsys Metals in late 2007.

Bannerman said that there was no capital raising associated with the NSX listing, and that it would continue to retain its primary listings on the Australian Stock Exchange and its secondary listing on the Toronto Stock Exchange.

Bannerman would be listed on the mining sector of the Development Capital Board (DevX) of the NSX.

"Bannerman has made the application to list its ordinary shares on the NSX to affirm its commitment to Namibia, its people and economy, and to enable Namibian investors the opportunity to participate in the company's projects in Namibia, Botswana and Australia," the company said in a statement.

The mining junior's principal assets were it's two properties in the uranium-rich Erongo region on the western coast of Namibia, and Bannerman was advancing the Goanikontes project with a bankable feasibility study planned for completion in 2009, and expected production by 2011.

The company also has a number of properties in Botswana and Australia.

Uranium exploration companies listed on Namibia's DevX reportedly added over N$7,4 billion to the N$1,1-trillion market capitalisation.

The government of Namibia, a country that has over recent years become the Mecca of uranium investors, had recently divulged that it was considering building nuclear power stations, and beneficiating locally mined uranium. Bloomberg News reported that Namibia's Ministry of Mines and Energy had been given the go ahead from Cabinet to develop a nuclear regulatory framework.