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Lotus Resources Limited ( (AU:LOT) ) has provided an update.
Lotus Resources Limited has announced significant progress in its Kayelekera uranium project in Malawi, with the restart program on track for Q3 2025. Key developments include the completion of the SAG mill refurbishment, commencement of high-grade ore processing, and the commissioning of circuits for uranium oxide production. The company has adopted an owner-operator mining strategy to enhance cost efficiencies and has secured necessary licenses and approvals. Financially, Lotus maintains a strong position with a cash balance of A$75.9M and has secured additional financing options. Binding offtake contracts have been established for up to 3.9M lbs of uranium production from 2026, ensuring future revenue streams.
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 projects. The company is primarily engaged in advancing its Kayelekera uranium project in Malawi and the Letlhakane uranium project in Botswana.
Average Trading Volume: 11,691,156
Technical Sentiment Signal: Sell
Current Market Cap: A$415.1M
Learn more about LOT stock on TipRanks’ Stock Analysis page.