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%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.