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Lotus Resources Limited ( (AU:LOT) ) has issued an update.
Lotus Resources Limited has announced promising results from its metallurgical testwork at the Letlhakane Uranium Project in Botswana, demonstrating a potential 70% reduction in acid consumption with a new processing flowsheet. This advancement is expected to lower operating costs and simplify processing, enhancing the project’s viability and positioning Lotus as a significant long-term uranium producer alongside its Kayelekera project.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.31 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 a company operating in the uranium industry, focusing on the development and production of uranium resources. The company is involved in large-scale projects such as the Letlhakane Uranium Project in Botswana and the Kayelekera Uranium Mine in Malawi, positioning itself as a significant player in the global uranium market.
Average Trading Volume: 18,748,449
Technical Sentiment Signal: Hold
Current Market Cap: A$570.2M
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.