Lotus Resources Limited (ASX: LOT | OTCQB: LTSRF) has announced details of its comprehensive works programme to unlock the value of its Letlhakane Project in Botswana. Letlhakane is a large-scale undeveloped uranium resource that provides the growth optionality for the company as its second asset.
Managing director, Keith Bowes, commented, “Letlhakane, located in the top ranked global mining jurisdiction of Botswana, has potential to be a long-life asset and is key to our long-term growth strategies. Lotus has developed a detailed initial programme of work that aims to leverage Lotus’ proven uranium skills to maximize Letlhakane’s potential, including updating the Letlhakane mineral resource model and undertaking studies to determine potential of upgrading Letlhakane ore to target a more efficient processing route.”
Lotus is leveraging uranium expertise to add value at Letlhakane as it aims to increase the head grade of the feed material to the mill though a combination of updated mineral resource modelling and beneficiation test work on run-of-mine material.
The compant plans to identify an alternate process flowsheet to increase the uranium recovery and reduce acid consumption, a significant contributor to plant operating costs, and increase confidence in the mineral resource estimate with an infill drill programme to convert the inferred material to a measured and indicated level, allowing more accurate definition of higher-grade zones within the measured and indicated resources.
Also, the company has reported it will further define a development pathway via a scoping study due for delivery during this year.
To find out more, please visit www.lotusresources.com.au
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