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Lotus Resources Limited ( (AU:LOT) ) has shared an update.
Lotus Resources reported steady operational progress in the December 2025 quarter as it ramps up the Kayelekera mine towards nameplate production, supported by a strong safety performance with no lost-time injuries and a milestone of nearly two million LTI‑free person days. Mining activities advanced with first high-grade ore delivered to the ROM pad and all key equipment and explosives supply in place, though processing in November and December was constrained by sulphuric acid shortages and supply chain disruptions, partly eased by new acid supply contracts and transport capacity. The company’s accelerated restart program remains broadly on schedule, with the on-site acid plant rebuild targeted for commissioning in March 2026, ongoing upgrades to the tailings storage facility and grid power connection, and consistent January mill throughput at around 57% of nameplate levels despite continuing acid and maintenance constraints. Lotus now expects to reach full steady‑state uranium production of about 200,000 pounds per month in the June quarter of 2026 and has shifted its first product shipment timeline to the same period, contingent on completing product qualification with nuclear fuel converters. Against a backdrop of a rising uranium term price of US$87/lb, Lotus has structured most of its 2026 delivery commitments into the second half of the year and is pursuing a strategy of preserving uncontracted production to build inventories for potential price upside, while metallurgical testwork at Letlhakane suggests a significant reduction in acid consumption and a simplified flowsheet that could enhance project economics. The company closed the quarter with A$56.2 million in cash (plus additional equipment finance drawn post‑quarter) and is exploring further financing options, including prepayment and inventory‑backed structures, to support working capital as it transitions into steady production and begins deliveries to utilities.
The most recent analyst rating on (AU:LOT) stock is a Hold with a A$3.50 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 is an Australia-listed uranium developer and producer focused on restarting and ramping up the Kayelekera Uranium Mine in Malawi and advancing the large-scale Letlhakane uranium project in Botswana. The company operates within the global nuclear fuel supply chain, targeting term-contract sales to power utilities while seeking to leverage current strength in uranium prices and improve project economics through process and cost optimisation.
Average Trading Volume: 1,329,062
Technical Sentiment Signal: Buy
Current Market Cap: A$706.5M
For an in-depth examination of LOT stock, go to TipRanks’ Overview page.