Lotus Res - LTSRF STOCK NEWS

Welcome to our dedicated page for Lotus Res news (Ticker: LTSRF), a resource for investors and traders seeking the latest updates and insights on Lotus Res stock.

Lotus Resources Ltd (LTSRF) is an ASX-listed company holding an 85% stake in the Kayelekera Uranium Mine in Malawi and a 100% interest in the Letlhakane Uranium Project in Botswana. The Kayelekera mine, a past producer, is on care and maintenance awaiting restart, with a robust Mine Life of 10 years post-restart, producing 19.3Mlbs U3O8 at a competitive cost. The recent merger with A-Cap Energy adds the Letlhakane project's 190Mlb U3O8e resource, establishing Lotus as a significant player in the uranium sector.

01/15/2024 07:30 AM

News

Lotus Resources Announces Participation in 121 Mining Investment Conference in Cape Town

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Lotus Resources (ASX: LOT) (OTCQB: LTSRF) will be participating in the 121 Mining Investment Conference in Cape Town, hosting over 125 mining companies and 550 investors for pre-arranged meetings. The event will provide market intelligence on industry developments and expert commentary. The conference is scheduled for February 5-6, 2024.

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Feasibility Study Underway Following Strong Results From Technical Studies

Rhea-AI Summary

Lotus Resources Limited (ASX: LOT, OTCQB: LTSRF) has initiated a Definitive Feasibility Study (DFS) for its Kayelekera Uranium Project, expected to conclude by mid-2022. Following successful technical studies, the DFS aims to improve production efficiency and reduce operating costs. Key findings include a potential 100% increase in uranium grades through ore sorting and significant reductions in power costs by utilizing mixed energy sources. The company anticipates keeping shareholders updated on progress throughout the study period.

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FAQ

What is the current stock price of Lotus Res (LTSRF)?

The current stock price of Lotus Res (LTSRF) is $0.1125 as of February 28, 2025.

What is the market cap of Lotus Res (LTSRF)?

The market cap of Lotus Res (LTSRF) is approximately 421.2M.

What projects does Lotus Resources Ltd hold?

Lotus Resources holds an 85% interest in the Kayelekera Uranium Mine in Malawi and a 100% interest in the Letlhakane Uranium Project in Botswana.

What is the status of the Kayelekera Uranium Mine?

The mine, previously in production, is currently on care and maintenance pending a restart following a successful feasibility study.

What is the production potential of Kayelekera mine post-restart?

Post-restart, the Kayelekera mine is expected to have a Mine Life of 10 years, producing 19.3Mlbs U3O8 at a competitive cost.

What was the outcome of the merger with A-Cap Energy?

The merger with A-Cap Energy brought the Letlhakane Uranium Project in Botswana into Lotus Resources' portfolio, significantly expanding their uranium resource base.

Where is the Letlhakane Uranium Project located?

The Letlhakane Uranium Project is situated in Botswana, close to existing infrastructure and population centers, facilitating operational logistics.

What sets Lotus Resources apart in the uranium sector?

Lotus Resources' strategic holdings in Malawi and Botswana position them as a key player in the uranium industry, with combined resources of 241Mlbs U3O8e.

What is the financial outlook for Lotus Resources?

With two significant uranium projects and a low-cost production profile, Lotus Resources is poised for growth and value creation in the uranium market.

How can investors stay informed about Lotus Resources news?

Investors can stay updated on Lotus Resources news and developments by following their official announcements and press releases.

What is the significance of Lotus Resources' projects in Malawi and Botswana?

Lotus Resources' projects in Malawi and Botswana present strategic opportunities for uranium production and exploration in favorable mining jurisdictions.