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Bannerman Mining Resources Namibia appoints Twapewa Kadhikwa as new chairperson

Bannerman Mining Resources Namibia has appointed Twapewa Kadhikwa as the new Chairperson of the company in Namibia, effective immediately. Mrs Kadhikwa succeeds Mr Mike Leech, who has served
as Chairman for the last seven years. Mr. Leech will continue as a Non-Executive Director.
As one of the few female Chairpersons in the Namibian corporate landscape, Twapewa
brings a unique perspective and experience to her new role. Her energy and commitment to
high standards of governance are a natural fit with this next step in her career.

With over 14 years of experience, Twapewa brings a wealth of knowledge in board affairs,
corporate governance, and uranium mining to her new role. “I am honoured to step into the
role of Chairperson and grateful for the opportunity to lead the board, said Twapewa. “As
custodians of the resources we oversee, our duty is to be good stewards. My vision is for
Bannerman to be a conscious and conscientious mining company, prioritizing governance,
environmental sustainability, community development, and delivering value to stakeholders
and shareholders.”

Twapewa’s leadership style reflects her commitment to driving positive change within the
organization and the broader community. The appointment of Twapewa Kadhikwa as
Chairperson signifies a new chapter for Bannerman Mining Resources Namibia.
Out-going Chairperson Mike Leech commented: “Twapewa’s outstanding contribution to our
company over the last seven years merits her elevation to Chairperson. Our business
benefits from her outstanding qualities of entrepreneurism – most notably anticipation,
innovation and resilience – which are perfectly balanced by her deep commitment to integrity
and governance.”

Growing up in Gemeente, right in the heart of Windhoek’s Katutura township and building her
career from little to no opportunity, Twapewa has established herself as an entrepreneur of
note who is a key partner and founder of the Kadhikwa Group of Companies that consists of
a Hospitality, Poultry Farming & Capacity Building through the Vocational Training Centres
of Namibia.

The development of economically challenged entrepreneurs who display both the
entrepreneurial spark and the potential to be polished to reach their destinies, is an area she
is very passionate about. In 2005, Twapewa was the recipient of great mentorship through
Mr. Mike Leech who invited her to join the Trust of the Rossing Foundation.

Bannerman is proud to have a person of Twapewa’s calibre as Chairperson leading the way,
as Bannerman moves towards construction of the Etango project. Bannerman knows the
importance of great role models and understudy, two things that have been pivotal to
Twapewa’s successful career and two things Bannerman endorses as they grow their team
in this next phase.

About Bannerman Mining Resources Namibia:
Bannerman Mining Resources (Namibia) (Pty) Ltd is a 95% owned subsidiary of Bannerman
Energy Ltd. Bannerman Energy is an Australian-listed uranium development company (ASX:
BMN, OTCQX: BNNLF, NSX: BMN). Our flagship asset is the advanced Etango Uranium
Project located in the Erongo region of Namibia.

Etango is 100% owned and managed by Bannerman Mining Resources (Namibia) (Pty) Ltd
(Bannerman Namibia), a 95% owned subsidiary of Bannerman Energy Ltd. Our partner, the
One Economy Foundation of Namibia (OEF) will benefit through its 5% shareholding in
Bannerman Namibia. OEF is a Namibian not-for-profit helping to build a bridge of economic
opportunity between the dual economy that exists in Namibia. Bannerman’s flagship Etango Project is one of the world’s largest advanced uranium assets, situated in the highly established uranium mining jurisdiction of Namibia. It has been strongly de-risked through extensive drilling, technical evaluation and operation of a process demonstration plant.

Etango is now fully permitted with the Mining Licence granted and all requisite environmental
approvals in place. With these key milestones achieved, Bannerman has a clearly defined
pathway to development.