ASX-listed Bannerman Energy has advised of further progress in the construction early works activities at its Etango Uranium Project.
KEY OUTCOMES
- Early works construction activities tracking in line with budget and schedule:
- Construction power commissioned within Mining Licence boundary.
- Detailed design work on Etango process plant progressing in line with schedule, with dry plant engineering now approx. 86% complete.
- Factory Acceptance Test of High Pressure Grinding Rolls (HPGR) tertiary crusher successfully completed.
- Key contracts advanced:
- Phase 1 concrete contract placed.
- Blasting and crushing contract, for the heap leach drainage material, placed.
- Both contracts awarded to Namibian contractors, with contractors now establishing on site.
Commenting on these outcomes, Bannerman Chief Executive Officer, Gavin Chamberlain, said:
“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. Bannerman’s strong balance sheet provides strong support for our corporate strategy as we move through stage gate approvals for ongoing early works and maintain 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.”