Bannerman Energy Ltd has reported progress on early construction works at its Etango Uranium Project in the Erongo Region, with the workforce now exceeding 560 personnel as site activity ramps up ahead of a targeted final investment decision.
The company said early works remain on schedule and within budget, with multiple construction packages progressing across earthworks, concrete works and infrastructure development.
The contractor workforce comprises more than 560 people across four Namibian firms, Namibbeton, K Neumayer, Tulela Mining and AN Construction. Operations have reached 500,000 lost-time injury-free hours.
Managing Director and Chief Executive Officer Gavin Chamberlain said the scale of activity reflects the pace of development on site.
“The Etango site is developing rapidly as construction advances at a visible and impressive pace. The presence of over 560 contract personnel actively working on this initial build programme demonstrates the scale and significance of our progress,” he said.
Bulk earthworks are approximately 66.5% complete, with ongoing work focused on heap leach pads, ponds and wet plant terraces.
Concrete works under Phase 1 and Phase 2A contracts have reached around 32% completion, with a total of 5,509 cubic metres poured across key infrastructure, including the primary crusher, stockpile tunnel and ore silo.
Chamberlain said construction activities remain aligned with the broader project timeline.
“We are two-thirds of the way through the 24-month bulk earthworks contract, which continues to progress on budget and on schedule. Our early construction activities are maintaining the critical path for the Etango construction timeline,” he said.
Additional work includes blasting, crushing and screening of drainage aggregate, with approximately 24% of the required material completed and stockpiled.
Infrastructure development is also advancing, with installation of the permanent water supply pipeline about 70% complete, alongside ongoing work on pump stations and pipeline excavations.
Design and procurement activities are progressing in parallel. Civil and mechanical design for the dry plant is approximately 93% complete, while wet plant engineering is at an earlier stage, at around 23% completion.
Chamberlain said contractor performance has supported steady progress across all workstreams.
“The strong progress to date is largely due to the quality and commitment of our key contract partners in delivering all major programmes of work currently under way. This commitment is matched by the Bannerman owner’s team as Etango moves towards a targeted final investment decision and full-scale construction later this year,” he said.
The company said ongoing construction, engineering and procurement activities are expected to support a final investment decision and transition to full-scale construction later in 2026.
