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 to overall budget and schedule:
‒ Site contractor workforce now over 560 personnel and 500,000 LTI-free hours achieved on the project to date.
‒ Bulk earthworks contract progressing well and approx. 66.5% complete, major focus remains construction of heap leach pads and wet plant terraces.
‒ Blasting, crushing and screening of heap leach drainage aggregate advancing to schedule and on-spec with approx. 24% of total requirement completed.
‒ Total 5,509m3 of concrete cast as part of Phase 1 and Phase 2A concrete contracts at the primary crusher, stockpile tunnel and fine ore silo. This represents approx. 32% of the volume of concrete to be poured for these packages.
- Detailed design and procurement activities advancing well:
‒ Civil and mechanical design for dry plant approx. 93% complete and aligned with schedule requirement for issue of construction drawings.
‒ Wet plant design currently focused on layout optimisation; progress also remains aligned with schedule requirement for issue of construction drawings later this year.
- Long-term infrastructure and utilities supply activities progressing strongly:
‒ Phase 1 of permanent water supply pipeline installation advancing with approx. 70% complete.
Bannerman Managing Director and Chief Executive Officer, Gavin Chamberlain, commented: “The Etango site is developing rapidly as construction of the project advances at a visible and impressive pace. The presence of over 560 contract personnel actively working on this initial build program shows the scale and significance of our progress. “We are two thirds of the way through the 24-month bulk earthworks contract, which continues to advance on budget and schedule. Our early construction works activities continue to maintain the critical path for the Etango construction timeline. “The excellent outcome to date is largely due to the quality and dedication of our key contract partners in the delivery of all major programs of work currently in progress. This commitment is matched amongst the Bannerman owner’s team, as Etango continues towards a targeted Final Investment Decision and full-scale construction launch later this year.”
Etango Construction Early Works Update (March 2026)
Ongoing safety focus
The contractor workforce on site is now more than 560 people, across four local Namibian contractors, Namibbeton, K Neumayer, Tulela Mining and AN Construction. In March 2026, the Bannerman Mining Resources Namibia team and their contract partners celebrated the achievement of 500,000 LTI-free hours on the project to date. This continues Bannerman’s unbroken 17-year LTI-free period. Safety remains the core focus of the team, and, with this proactive approach, the past few months has seen the further roll-out of safety campaigns and monthly awards.
Long lead construction activities and purchase orders
Bulk earthworks
The bulk earthworks contract now stands at approximately 66.5% complete and continues to advance according to schedule. The key focus area of this contract remains the construction of the heap leach pad and ponds, and the wet plant terraces.