Bannerman Energy (AU:BMN) has released an update.
Bannerman Energy Ltd has completed the Front-End Engineering and Design (FEED) for its 8 Mtpa Etango uranium project in Namibia, enhancing cost estimate accuracy and beginning detailed design work. The company revealed a modest 11.3% increase in pre-production capital costs, attributed to design improvements and inflation, with the All-in-Sustaining Cost slightly rising by 2.6%. Concurrently, early works construction and strategic financial initiatives are advancing, aiming for a positive Final Investment Decision.
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