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Bannerman Energy continues to report strong progress in both the early works program at the Etango Uranium Project and towards completion of the transformational strategic financing transaction with CNNC Overseas Limited (CNOL).
According to Bannerman Managing Director and Chief Executive Officer, Gavin Chamberlain, the June quarter further demonstrated the discipline and methodical approach being applied to the development of Etango.
“Early works continue to track to overall schedule and budget, reflecting the capability of our project team and contractors, and the strong focus on execution risk that underpins every stage of the development programme,” Chamberlain.
He said the company continues to make good progress towards completion of the CNOL strategic investment and joint venture transaction.
“Our engagement with CNOL has been highly constructive and collaborative, reinforcing the strong alignment between the parties and our shared commitment to the successful development of Etango.”
Meanwhile Chamberlain said the project footprint is increasingly visible on site, with engineering and infrastructure activities advancing to plan, and a clear pathway towards transaction completion and FID
“Etango continues to build momentum from a position of strong project readiness.”
