Lotus Resources
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Home Mining Company Profiles

Lotus Resources

An Emerging Global Uranium Player

Lotus Resources
Stock Code:
ASX: LOT, OTCQB: LTSRF
Company Exposure:
Uranium
Project Locations:
Malawi, Botswana

Lotus Resources Limited is a leading ASX listed uranium developer headquartered in Perth, Australia, with significant scale and resources. Lotus owns an 85% interest in the Kayelekera Uranium Project, a past producing asset in Malawi, and 100% of the Letlhakane Uranium Project in Botswana. Restart activities commenced at Kayelekera in October 2024 with first production targeted for Q3 CY2025. Letlhakane is currently in the development phase with a scoping study recently announced.

Project Overview

Kayelekera, Malawi

  • Existing plant and infrastructure in good condition
  • Proven production with ~11MIbs U3O8 over five years (2009-2014), before shutdown due to low uranium price
  • Mining licence and environmental permits in place
  • Skilled local workforce with previous experience at Kayelekera

Letlhakane, Botswana

  • Globally significant uranium resource (190Mlb U3O8) — ready for development
  • Mining licence in place since 2016
  • Historical scoping study (2016) envisaged an operation producing 2.4Mlbspa of uranium over an 18-year mine life
  • Close to major existing infrastructure — roads, rail, and power

Full Company Profile

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Lotus Resources

byThe Assay
8 January, 2025

The Assay Weekly Roundup: 17 Sep to 23 Oct

byKatie Gordon, Associate Editor - The Assay
25 October, 2024

The Assay Weekly Roundup: 3 Sep to 9 Oct

byEleanor Laurence - Content Producer, The Assay
10 October, 2024

Lotus Resources Accelerates Restart Plan for Kayelekera

byEleanor Laurence - Content Producer, The Assay
8 October, 2024

Lotus Resources Appoints Hayden Bartrop as Chief Commercial Officer

byEleanor Laurence - Content Producer, The Assay
3 October, 2024

The Assay Weekly Roundup: 12 Sep to 18 Sep

byKatie Gordon, Associate Editor - The Assay
20 September, 2024
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Website

W: lotusresources.com.au

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