Bannerman Energy has appointed Wood plc to lead the detailed design phase of its flagship Etango uranium project in Namibia.
The collaboration builds on over a decade of support from Wood, including two feasibility studies and one pre-feasibility study a release by Wood plc indicated
The Etango project is one of the largest undeveloped uranium assets globally, located within Namibia’s uranium mining sector.
Wood will leverage its hydrometallurgical expertise in uranium to advance the project’s development.
President of Minerals, Metals, & Life Sciences at Wood,Jim Shaughnessy said that that uranium was crucial for the world’s energy transition, with demand projected to rise by nearly 30% between 2023 and 2030, and expressed excitement about continuing the company’s partnership with Bannerman and focusing on sustainable solutions as they progressed to the next development phase.
“We’re delighted to continue working with our long-standing partner, Bannerman, on the next phase of this globally significant uranium project. Importantly, our front-end engineering design (FEED) focused on sustainable solutions for development, and we look forward to implementing these in the project’s next phase,” he said.
The 2022 Etango-8 definitive feasibility study validated the viability of an eight million tons per year (Mtpa) throughput rate.
Based on a nameplate processing capacity of eight million tonnes a year, the Etango project is expected to have a mine life of 15 years, producing 52.6 million pounds of uranium oxide, averaging 3.5 million pounds of uranium a year.
The Etango-8 project is advancing toward a final investment decision (FID), anticipated later this year.
