An Emerging Global Uranium Player
Stock Code:
ASX: LOT, OTCQB: LTSRF
Company Exposure:
Uranium
Project Locations:
Malawi, Botswana
Lotus Resources Limited is a leading ASX listed uranium developer headquartered in Perth, Australia, with significant scale and resources. Lotus owns an 85% interest in the Kayelekera Uranium Project, a past producing asset in Malawi, and 100% of the Letlhakane Uranium Project in Botswana. Restart activities commenced at Kayelekera in October 2024 with first production targeted for Q3 CY2025. Letlhakane is currently in the development phase with a scoping study recently announced.
Project Overview
Kayelekera, Malawi
- Existing plant and infrastructure in good condition
- Proven production with ~11MIbs U3O8 over five years (2009-2014), before shutdown due to low uranium price
- Mining licence and environmental permits in place
- Skilled local workforce with previous experience at Kayelekera
Letlhakane, Botswana
- Globally significant uranium resource (190Mlb U3O8) — ready for development
- Mining licence in place since 2016
- Historical scoping study (2016) envisaged an operation producing 2.4Mlbspa of uranium over an 18-year mine life
- Close to major existing infrastructure — roads, rail, and power
