Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF, NSX:BMN) is pleased to advise of significant recent progress in the construction early works activities at its Etango Uranium Project (Etango Project or Etango).
KEY OUTCOMES
- Key bulk earthworks and construction power contracts on schedule, with first blast completed on primary crusher site.
- Construction water supply and ancillary storage dam completed, delivering seamless continuity for bulk earthworks in progress.
- Manufacture of High-Pressure Grinding Rolls (HPGR) tertiary crusher, a critical long lead item, running ahead of schedule.
- Detailed engineering on Etango processing facilities (based on certified vendor data) advancing well.
“The 12 months since the grant of our Etango Mining Licence in December 2023 has been a period of remarkable advancement, both on- and off-site. I believe the entire Bannerman team can take great pride in the safe, systematic and long-term focused manner in which the world-class Etango Project has progressed over that time. “I am delighted with the performance of our key contract partners. Their work to date has been undertaken safely and to a very high standard of delivery. Their output has firmly validated our selection of them as our preferred delivery partners for Etango. “We continue to exercise a gated approach to Etango development, with phased green lighting of various construction works in-line with advancement across broader project workstreams and financial capacity. This enables us to maintain critical path timelines whilst also allowing robust management of execution and market risks. “I would like to take this opportunity to thank the entire Bannerman team, along with our key contract partners and consultants, for their work over 2024 to date. We remain resolutely focussed on the safe and efficient delivery of the Etango Project for the remainder of this year, through 2025, and beyond. Etango offers a tremendous opportunity and we look forward to capturing it fully for the benefit of all our shareholders and broader stakeholders.”
The full announcement can be downloaded here.