Australian-based uranium mining junior Bannerman Resources plans tolist on the Namibian Stock Exchange (NSX) on April 2, as Mining Weekly predicted in February.

This will make Bannerman the fifth uranium firm to tradeits shares on the Namibian bourse, following the listings of PaladinEnergy, and Deep Yellow, earlier this year, and Xemplar Energy andForsys Metals in late 2007.

Bannerman said that there was nocapital raising associated with the NSX listing, and that it wouldcontinue to retain its primary listings on the Australian StockExchange 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.

"Bannermanhas made the application to list its ordinary shares on the NSX toaffirm its commitment to Namibia, its people and economy, and to enableNamibian investors the opportunity to participate in the company'sprojects in Namibia, Botswana and Australia," the company said in astatement.

The mining junior's principal assets were it's twoproperties in the uranium-rich Erongo region on the western coast ofNamibia, and Bannerman was advancing the Goanikontes project with abankable feasibility study planned for completion in 2009, and expectedproduction by 2011.

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

Uranium explorationcompanies listed on Namibia's DevX reportedly addedover N$7,4 billion to the N$1,1-trillion market capitalisation.

Thegovernment of Namibia, a country that has over recent years become theMecca of uranium investors, had recently divulged that it wasconsidering building nuclear power stations, and beneficiating locallymined 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.

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