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Lotus Resources Limited ( (AU:LOT) ) has provided an announcement.
Lotus Resources Limited has reported significant progress in its Kayelekera uranium project, with a targeted production restart set for Q3 2025, reduced capital expenditure, and fully funded operations thanks to a successful equity placement. The company has strengthened its market position through new offtake agreements and an increased mineral resource estimate for its Letlhakane project, which will aid in optimizing mining processes and potentially enhance production capabilities.
More about Lotus Resources Limited
Lotus Resources Limited operates in the mining industry, focusing on the development and production of uranium. The company is advancing its Kayelekera uranium project in Malawi towards a production restart in 2025 and is developing the large-scale Letlhakane uranium project in Botswana.
YTD Price Performance: 5.00%
Average Trading Volume: 9,177,483
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$496.2M
For detailed information about LOT stock, go to TipRanks’ Stock Analysis page.
