Bannerman Resources Ltd has updated its cost estimates for the Etango Project, implementing a range of measures to mitigate climate risks and ensure compliance with health and safety regulations. The company’s latest announcement highlights its commitment to transparent communication with investors and stakeholders regarding the project’s progress and financial implications.
Material actions and disclosures
Bannerman has outlined several key milestones achieved in FY2026, including the commencement of concrete construction works, the placement and execution of Phase 1 and Phase 2A concrete packages, and the successful delivery of the High-Pressure Grinding Rolls (HPGR) tertiary crusher. These actions align with the company’s Engineering, Procurement, and Construction Management (EPCM) approach, which remains central to maintaining cost control and flexibility throughout the project lifecycle.
The Etango Project requires multiple environmental, mining, water, and nuclear regulatory approvals over its life. Bannerman mitigates the risk of delays in obtaining, renewing, or complying with these approvals through early and ongoing engagement with relevant Namibian authorities, alignment with international best practices, and maintaining up-to-date compliance registers.
Forward commitments
Bannerman aims to continue its climate-resilient project design, responsible water management, and monitoring of regulatory developments. The company also plans to integrate greenhouse gas considerations into project planning and reporting, ensuring the Etango Project is resilient to extreme rainfall events during its operational phase.
Bannerman is committed to conducting its business in accordance with applicable anti-bribery and corruption laws in the jurisdictions in which it operates. The company recognises the risk that fraud, bribery, or corrupt conduct by employees, contractors, or other third parties could lead to legal penalties, financial loss, and reputational damage.
Finally, Bannerman has implemented a comprehensive Cyber Security Plan, including a secure-by-design approach to protect its computer systems from unauthorised access, computer hackers, computer viruses, malicious code, and organised cyber-attacks.
These measures reflect Bannerman’s ongoing efforts to manage risks and ensure the successful execution of the Etango Project.