{"id":4717,"date":"2025-03-26T10:49:55","date_gmt":"2025-03-26T02:49:55","guid":{"rendered":"https:\/\/bannermanenergy.com\/?p=4717"},"modified":"2025-04-24T10:57:48","modified_gmt":"2025-04-24T02:57:48","slug":"etango-construction-early-works-update-march-2025","status":"publish","type":"post","link":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/","title":{"rendered":"Etango Construction Early Works Update, March 2025"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4717\" class=\"elementor elementor-4717\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-733b505 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"733b505\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18ccb52\" data-id=\"18ccb52\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-868665d elementor-widget elementor-widget-text-editor\" data-id=\"868665d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF, NSX:BMN) ) is <a href=\"https:\/\/cdn-api.markitdigital.com\/apiman-gateway\/ASX\/asx-research\/1.0\/file\/2924-02928696-6A1257191&amp;v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4\" target=\"_blank\" rel=\"noopener\">pleased <\/a>to advise of further progress in the construction early works activities at its Etango Uranium Project (Etango Project or Etango).<\/p><h5 style=\"text-align: center;\"><strong>KEY OUTCOMES<\/strong><\/h5><ul><li>Minimal impact from recent heavy rains.<\/li><li>Early works construction activities tracking in line with budget and schedule:<ul><li>Primary crusher site fully excavated.<\/li><li>All construction power overhead infrastructure erected and transformer delivered.<\/li><li>Construction water supply in full operation; installation of site distribution infrastructure advancing well.<\/li><li>Manufacture of key long lead item, High Pressure Grinding Rolls (HPGR) tertiary crusher, remains ahead of schedule.<\/li><li>Draft permanent power and acid facility lease agreements received and under review.<\/li><\/ul><\/li><li>Spending rate remains conservative, maximising corporate flexibility:<ul><li>Cash balance of A$81.1 million (at 31 December 2024).<\/li><li>A$24.4 million committed to fund residual early works programs (at 31 December 2024).<\/li><li>Remaining cash balance available for working capital and discretionary expenditure.<\/li><li>Further construction works commitments to be evaluated with regard to uranium market dynamics and term contracting advancement.\u00a0<\/li><\/ul><\/li><li>Positive Final Investment Decision (FID) on Etango targeted during 2025.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eaa647 elementor-widget elementor-widget-image\" data-id=\"0eaa647\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-1024x682.jpg\" class=\"attachment-large size-large wp-image-4720\" alt=\"\" srcset=\"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-1024x682.jpg 1024w, https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-300x200.jpg 300w, https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-768x512.jpg 768w, https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-1536x1023.jpg 1536w, https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/03\/The-primary-crusher-has-been-fully-excavated-and-its-dimensions-confirmed-while-work-advances-on-the-permanent-road-and-conveyor-belt-line-to-the-secondary-and-tertiary-crushing-areas-2048x1364.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Significant progress continues on bulk earthworks at Etango, a key enabler of future construction and development activities. The primary crusher has been fully excavated and its dimensions confirmed, while work advances on the permanent road and conveyor belt line to the secondary and tertiary crushing areas.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-2bb8a0a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2bb8a0a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f201228\" data-id=\"f201228\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2578cc elementor-blockquote--skin-border elementor-blockquote--button-view-icon-text elementor-blockquote--button-skin-classic elementor-widget elementor-widget-blockquote\" data-id=\"e2578cc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\u201cOur early works construction and long lead items program is advancing well. The transformation of our Etango site is particularly pleasing to observe, as we progressively put in place key building blocks to facilitate the ongoing construction of a premier uranium mining and processing operation.We continue to exercise a gated approach to Etango development, with phased green lighting of various construction works in-line with advancement across broader project workstreams and financial capacity. This enables us to minimise any impacts to critical path timelines whilst also allowing robust management of execution and market risks. This process sees us undertaking a constant evaluation of the cadence of our early construction activities alongside the observed trends in uranium contract markets. We are comfortable with our current setting in this regard. In light of the ongoing direction of term uranium market fundamentals, we continue to work towards a targeted positive FID on Etango during 2025.\u201d\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Gavin Chamberlain - Chief Executive Officer, Bannerman Energy<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%E2%80%9COur+early+works+construction+and+long+lead+items+program+is+advancing+well.+The+transformation+of+our+Etango+site+is+particularly+pleasing+to+observe%2C+as+we+progressively+put+in+place+key+building+blocks+to+facilitate+the+ongoing+construction+of+a+premier+uranium+mining+and+processing+operation.We+continue+to+exercise+a+gated+approach+to+Etango+development%2C+with+phased+green+lighting+of+various+construction+works+in-line+with+advancement+across+broader+project+workstreams+and+financial+capacity.+This+enables+us+to+minimise+any+impacts+to+critical+path+timelines+whilst+also+allowing+robust+management+of+execution+and+market+risks.+This+process+sees+us+undertaking+a+constant+evaluation+of+the+cadence+of+our+early+construction+activities+alongside+the+observed+trends+in+uranium+contract+markets.+We+are+comfortable+with+our+current+setting+in+this+regard.+In+light+of+the+ongoing+direction+of+term+uranium+market+fundamentals%2C+we+continue+to+work+towards+a+targeted+positive+FID+on+Etango+during+2025.%E2%80%9D+%E2%80%94+Gavin+Chamberlain+-+Chief+Executive+Officer%2C+Bannerman+Energy&amp;url=https%3A%2F%2Fbannermanenergy.com%2Fetango-construction-early-works-update-march-2025%2F\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-twitter\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-blockquote__tweet-label\">Tweet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6c3b03 elementor-widget elementor-widget-text-editor\" data-id=\"c6c3b03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The full announcement can be downloaded <a title=\"https:\/\/bannermanresources.us9.list-manage.com\/track\/click?u=3f145a53bc38a68b3d2a17855&amp;id=79580c5cc7&amp;e=0a3c8a29a5\" href=\"https:\/\/cdn-api.markitdigital.com\/apiman-gateway\/ASX\/asx-research\/1.0\/file\/2924-02928696-6A1257191&amp;v=7bc42bd11d853ed5e8c28f2ffcd6a069ee5cd6b4\" target=\"_blank\" rel=\"noopener\" data-outlook-id=\"43a100b7-1953-4b77-8521-aae52baaacec\">here<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF, NSX:BMN) ) is pleased to advise of further progress in the construction early works activities at its Etango Uranium Project (Etango Project or Etango). KEY OUTCOMES Minimal impact from recent heavy rains. Early works construction activities tracking in line with budget and schedule: Primary crusher site fully excavated. All construction [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4705,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[19],"tags":[],"class_list":["post-4717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Etango Construction Early Works Update, March 2025 - Bannerman Energy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etango Construction Early Works Update, March 2025 - Bannerman Energy\" \/>\n<meta property=\"og:description\" content=\"Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF, NSX:BMN) ) is pleased to advise of further progress in the construction early works activities at its Etango Uranium Project (Etango Project or Etango). KEY OUTCOMES Minimal impact from recent heavy rains. Early works construction activities tracking in line with budget and schedule: Primary crusher site fully excavated. All construction [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Bannerman Energy\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-26T02:49:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-24T02:57:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/04\/Blog-covers-6.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emma Culver\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emma Culver\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\"},\"author\":{\"name\":\"Emma Culver\",\"@id\":\"https:\/\/bannermanenergy.com\/#\/schema\/person\/1878e0d226e544c2e1c6bc74e77398c3\"},\"headline\":\"Etango Construction Early Works Update, March 2025\",\"datePublished\":\"2025-03-26T02:49:55+00:00\",\"dateModified\":\"2025-04-24T02:57:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\"},\"wordCount\":386,\"publisher\":{\"@id\":\"https:\/\/bannermanenergy.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/04\/Blog-covers-6.png\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\",\"url\":\"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/\",\"name\":\"Etango Construction Early Works Update, March 2025 - 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Bannerman Energy","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/","og_locale":"en_US","og_type":"article","og_title":"Etango Construction Early Works Update, March 2025 - Bannerman Energy","og_description":"Bannerman Energy Ltd (ASX:BMN, OTCQX:BNNLF, NSX:BMN) ) is pleased to advise of further progress in the construction early works activities at its Etango Uranium Project (Etango Project or Etango). KEY OUTCOMES Minimal impact from recent heavy rains. Early works construction activities tracking in line with budget and schedule: Primary crusher site fully excavated. All construction [&hellip;]","og_url":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/","og_site_name":"Bannerman Energy","article_published_time":"2025-03-26T02:49:55+00:00","article_modified_time":"2025-04-24T02:57:48+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/04\/Blog-covers-6.png","type":"image\/png"}],"author":"Emma Culver","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emma Culver","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/#article","isPartOf":{"@id":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/"},"author":{"name":"Emma Culver","@id":"https:\/\/bannermanenergy.com\/#\/schema\/person\/1878e0d226e544c2e1c6bc74e77398c3"},"headline":"Etango Construction Early Works Update, March 2025","datePublished":"2025-03-26T02:49:55+00:00","dateModified":"2025-04-24T02:57:48+00:00","mainEntityOfPage":{"@id":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/"},"wordCount":386,"publisher":{"@id":"https:\/\/bannermanenergy.com\/#organization"},"image":{"@id":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/#primaryimage"},"thumbnailUrl":"https:\/\/bannermanenergy.com\/wp-content\/uploads\/2025\/04\/Blog-covers-6.png","articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/","url":"https:\/\/bannermanenergy.com\/etango-construction-early-works-update-march-2025\/","name":"Etango Construction Early Works Update, March 2025 - 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