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Lotus Resources Limited ( (AU:LOT) ) just unveiled an announcement.
Lotus Resources Limited has announced the commencement of cold commissioning at its Kayelekera uranium project, with hot commissioning expected in early Q3 2025. The company has decided to adopt an owner-operator mining strategy, which is anticipated to enhance control over production and reduce costs. This strategic shift is expected to bring synergies in tailings storage facility construction and road maintenance, while also reducing mining costs significantly. The company has also increased its working capital facility to $30 million, reflecting confidence in the project’s progress and financial stability.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.54 price target. To see the full list of analyst forecasts on Lotus Resources Limited stock, see the AU:LOT Stock Forecast page.
More about Lotus Resources Limited
Lotus Resources Limited operates in the uranium mining industry, focusing on the development and production of uranium resources. The company’s primary project is the Kayelekera uranium project in Malawi, which is on track for production in Q3 2025.
Average Trading Volume: 13,114,257
Technical Sentiment Signal: Sell
Current Market Cap: A$367.3M
See more insights into LOT stock on TipRanks’ Stock Analysis page.