Bannerman Energy (ASX:BMN) said key bulk earthworks and construction power contracts are on schedule at its Etango uranium project in Namibia, with the first blast completed on the primary crusher site, according to a Wednesday filing with the Australian bourse.

Construction water supply and ancillary storage dam were also completed on schedule and before the planned maintenance shutdown by water utility provider Namwater, the filing said.

Additionally, the manufacture of the high-pressure grinding rolls tertiary crusher, which started in May, is currently ahead of schedule, according to the filing.

Shares fell nearly 2% in morning trade Wednesday.

Price (AUD): $2.87, Change: $-0.05, Percent Change: -1.71%