Bannerman Energy ’s Etango uranium project in Namibia represents a cornerstone for both the company’s growth and the country’s economic development. The project is not only poised to strengthen Bannerman’s position in the uranium sector, but also supports Namibia’s ambitions as a leading uranium producer, contributing to global clean energy efforts by supplying fuel for low-carbon power generation. Importantly, Etango is generating significant local employment—with over 560 contract personnel currently engaged—stimulating the regional economy and supporting skills development, while also advancing the industry’s commitment to sustainable energy solutions.
Progress at Etango remains steady and transparent. Early works construction is advancing according to budget and schedule. The bulk earthworks contract, a key foundation phase, is approximately 66.5% complete. Major activities include the construction of heap-leach pads and ponds, and wet plant terraces. The blasting, crushing, and screening of heap-leach drainage aggregate by local contractor Tulela Mining and Construction has reached about 24% of the total requirement. For Phase 1 and Phase 2A concrete works, a total of 5,509 m3 of concrete has been poured, representing about 32% of the package volume. Civil and mechanical design for the dry plant is 93% finished, aligned with the timeline for issuing construction drawings, while wet plant design is focused on layout optimisation and remains on schedule. Long-term infrastructure development is also progressing, with Phase 1 of the permanent water supply pipeline installation about 70% complete, and positive discussions ongoing with NamWater regarding the supply agreement. A definitive power supply agreement with NamPower has been signed, and detailed design for the dedicated feeder bay at Kuiseb substation is advancing. Appointment of the engineering, procurement, and construction management consultant is expected in the second quarter of this year.
Bannerman recognises several risks and challenges inherent to a project of this scale. Potential supply chain disruptions, regulatory changes, and logistical complexities are actively monitored. The company maintains open communication with contractors and suppliers to swiftly address any interruptions, and regularly reviews compliance with Namibian and international standards. Ongoing engagement with local stakeholders and authorities helps ensure timely responses to evolving regulations. By implementing robust risk management strategies—including contingency planning, schedule optimisation, and continuous monitoring—Bannerman aims to mitigate impacts and maintain progress on schedule and budget.
The Etango uranium project continues to develop rapidly, with visible milestones demonstrating significant progress. Bannerman’s commitment to transparency, local employment, and global clean energy positions Etango as a project of national and international importance. The company remains dedicated to maintaining clear communication with stakeholders and sustaining momentum towards its targeted final investment decision and full-scale construction launch later this year.
