Bannerman reports solid progress for Etango early works
ASX-listed Bannerman Energy has reported that early works construction activities at its Etango uranium project, in Namibia, are tracking in line with budget and on schedule.
The company reports that construction power has been commissioned within the mining licence boundary and that detailed design work on the Etango process plant is progressing in line with schedule, with dry plant engineering now about 86% complete.
Additionally, the factory acceptance test of high-pressure grinding rolls (HPGR) tertiary crusher has been successfully completed.
Bannerman also notes that Phase 1 of the concrete contract has been placed, adding that the blasting and crushing contract for the heap leach drainage material has also been placed.
The company explains that both contracts have been awarded to Namibian contractors, with contractors now establishing on site.
“I am pleased with the on-time, on-budget progress that the Bannerman team is achieving in conjunction with our contractors. Our focus on tight contract and activity controls continues to be consistently applied by the team,” says CEO Gavin Chamberlain.
Chamberlain says Bannerman’s strong balance sheet provides strong support for the company’s corporate strategy as it moves through stage gate approvals for ongoing early works and maintains tight capital control.
“A highlight for the project team was the completion of the factory acceptance testing for the HPGR tertiary crusher earlier this month in Germany. The contract for the manufacturing of this key piece of equipment has been well managed by Wood and the quality of final construction was at the expected highest level,” he says.
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