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An announcement from Lotus Resources Limited ( (AU:LOT) ) is now available.
Lotus Resources Limited announced that the Malawi Ministry of Mining has clarified its position regarding mineral exports, confirming there is no temporary ban in place. The clarification indicates that the current action is specific to the artisanal gemstone sector, where the processing of export licenses for gemstones is on hold for a 21-day review period. This development provides assurance for Lotus Resources’ operations in the broader mineral export sector, potentially stabilizing investor confidence.
More about Lotus Resources Limited
Lotus Resources Limited operates in the mining industry with a focus on mineral resources. The company is involved in the exploration and development of mining projects, particularly in the field of uranium and other valuable minerals.
YTD Price Performance: -2.50%
Average Trading Volume: 9,228,160
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$460.7M
For an in-depth examination of LOT stock, go to TipRanks’ Stock Analysis page.
