Lotus Resources Limited
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- Lotus Resources Limited (ASX:LOT) is an advanced uranium exploration and development company focused on restarting production at its flagship assets in Africa; it holds an 85% interest in the Kayelekera Uranium Project in Malawi, a past-producing open-pit mine with existing infrastructure, 4Mlb U3O8 stockpiles, and a targeted life-of-mine production of 19.3Mlb U3O8 over 10 years at an accelerated restart capital of US$50M; and a 100% interest in the Letlhakane Uranium Project in Botswana, featuring a Mineral Resource Estimate of 118.2Mlb U3O8 grading 363ppm and potential for long-life, high-value production supporting combined annual output of approximately 5.5Mlb U3O8 with Kayelekera. Incorporated in 2006 and headquartered in Perth, Western Australia, the company operates primarily in the uranium sector across Malawi and Botswana, targeting global utilities with secured offtake agreements for 1.5Mlb U3O8 between 2026-2029 and ongoing negotiations for additional term contracts. Recent developments include a A$130M two-tranche equity placement and A$25M share purchase plan in late 2024 to fully fund Kayelekera's Q3 2025 restart, which has advanced to first blast in November 2025 and steady-state production ramp-up; a A$65M placement in September 2025 to bolster Kayelekera operations and Letlhakane advancement; US$38.5M equipment and working capital financing from South African banks in early 2025; a mine development agreement with Malawi's government; completion of front-end engineering design and scoping study for Letlhakane confirming economic viability; and commencement of infill drilling at Letlhakane in October 2025 ahead of a pre-feasibility study in H2 2026.
Company News
Lotus Resources Limited (LTSRF) Q3 2026 Earnings Call Transcript
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Lotus Resources Announces Participation in 121 Mining Investment Conference in Cape Town
Lotus Resources expands uranium footprint at Kayelekera deposit
Lotus Resources appoints new CFO to further uranium ambitions
Lotus Resources initiated by Petra Capital with BUY rating and A$0.40 target price as uranium market heats up
Lotus Resources marks important milestone with inaugural sustainability report
Lotus Resources begins program of consolidation and expansion at historic uranium tenement
Lotus Resources shows potential for increasing both size and grades of uranium: Red Cloud Securities
Lotus Resources' Kayelekera Project positioned to become one of first projects to recommence uranium production
Lotus Resources kick-off drilling at high-grade Milenje Hills Rare Earth Prospect in Malawi
Lotus Resources granted 15-year licence extension on uranium project
Lotus Resources begins DFS for Kayelekera Uranium Project following positive technical study results
Lotus Resources' Kaylekera feasibility study will be a critical catalyst for the stock: BW Equities
Lotus Resources fields further strong results from ore sorting with potential to enhance Kayelekera Uranium Project
Lotus Resources initiated by Red Cloud Securities with buy rating and target price of 22 cents per share
Lotus Resources gets valuation uplift from BW Equities; management confident on 3 million pounds of uranium production per annum
Lotus Resources' ore sorting tests “exceed expectations” at Kayelkera Uranium Project
Lotus Resources set to begin exploration drilling at Kayelekera Uranium Project
Lotus Resources fields strong initial results as ore sorting tests begin at Kayelekera Uranium Project