Bannerman Energy Advances Works at Namibia Project in June Quarter
MT Newswires Live
Jul 27
Bannerman Energy (ASX:BMN) advanced early works at the Etango project in Namibia for the period ended June 30, with construction activities within budget and on schedule, according to a Monday filing with the Australian bourse.
Detailed design and procurement activities are also on schedule, and long-term infrastructure and utilities supply activities are in progress, the filing said.
The company is also advancing the financing transaction with CNNC Overseas of up to $321.5 million and a joint venture agreement, per the filing.
Bannerman Energy shares fell 1% in morning trade Monday.
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