Bammant has decided to return to the Trawlerboys and joins other long-serving players such as Andrew Fisk and Adam Smith in agreeing to sign up for the season ahead.
Manager Jamie Godbold said: "I'm so pleased that Bammo has decided to play his football for us next season. He is a fans favourite and I'm sure they will be as delighted as I am that he has committed to Lowestoft Town Football Club.
"He will be an integral part of the team and a focal point of our attack and I can't wait to start working with him and the rest of the lads."
Welcome back, Bammo!