Lotus Resources Limited (AU:LOT) has released an update.
Lotus Resources Limited has announced a significant upgrade to the Mineral Resource Estimate for its Letlhakane Uranium Project in Botswana, positioning the project as a major standalone development with high-grade uranium potential. The revised estimate suggests Letlhakane could become a key asset for Lotus, complementing its Kayelekera Project in Malawi and potentially making the company a globally significant uranium producer. Lotus is now advancing towards a Scoping Study for Letlhakane, expected by Q4 2024, while also preparing for the Kayelekera restart targeted for late 2025.
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