Bannerman Resources has outlined its approach to regulatory compliance, climate resilience, and health and safety management for the Etango uranium project in Namibia. The company is committed to securing multiple environmental, mining, water, and nuclear regulatory approvals over the life of the project, mitigating delays and risks through early and ongoing engagement with relevant authorities.
Material actions and disclosures
Bannerman has secured all necessary environmental approvals and a mining licence to build, operate, and expand the Etango Mine. The company has also designed the project to be resilient to extreme rainfall events, informed by a study of the site’s paleohydrology. Over the past year, multiple incidents of extreme rainfall have been recorded across the Erongo region, with some impacts on access roads and work areas at Etango.
Bannerman’s assessment of climate-related risks is aligned with the AASB S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures framework, ensuring transparent communication with investors and stakeholders. The company’s mitigation measures include climate-resilient project design, responsible water management, monitoring regulatory developments, and integrating greenhouse gas considerations into project planning and reporting.
Health and safety risks are managed through systems for the management of risk, including a Code of Conduct, Anti-Bribery and Corruption Policy, and Whistleblower Policy, which apply to all directors, officers, employees, and contractors. Regular training is provided, and due diligence is undertaken on counterparties in higher-risk jurisdictions.
Forward commitments
Bannerman aims to continue its commitment to regulatory compliance, climate resilience, and health and safety management as the Etango Project progresses.
Attributed to the company’s announcement on 35 of the original document.