Mining industry veteran Nathan McMahon has passed away at the age of 51, just days after leaving the board of the company he founded, Cazaly Resources.
An optimisation study on Bannerman Resources' Etango uranium project has found a 9 per cent reduction in pre-production capital costs to $US793 million ($A1.1 billion).
Uranium hopeful Bannerman Resources is looking to take full ownership of the Etango project in Africa and become debt free, through a deal with its two major shareholders.
Cazaly Resources managing director Clive Jones has been appointed as non-executive chairman of Subiaco-based Graynic Metals, taking over from Ivan Hoffman who has resigned for personal reasons.
