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Lotus Resources Limited ( (AU:LOT) ) has issued an announcement.
Lotus Resources Limited announced an update on the Kayelekera Mine in Malawi, highlighting progress towards achieving steady state production by the end of Q1 2026. Despite challenges with sulphuric acid supply, the company has taken steps to mitigate these issues, including sourcing additional suppliers and rebuilding an acid plant. The processing plant showed promising throughput and recovery levels, and the first shipment of product is expected in late Q1 2026. Lotus maintains a strong financial position with A$73.9M in cash as of November 2025, positioning it well for future operations.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.25 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 mining industry, focusing on uranium production. The company is primarily involved in the development and operation of the Kayelekera Mine in Malawi, aiming to achieve steady state production levels.
Average Trading Volume: 20,121,318
Technical Sentiment Signal: Sell
Current Market Cap: A$421.2M
For an in-depth examination of LOT stock, go to TipRanks’ Overview page.