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The latest update is out from Lotus Resources Limited ( (AU:LOT) ).
Lotus Resources Limited has announced significant progress in its Kayelekera Uranium Project in Malawi, with the completion of the SAG mill refurbishment and the commencement of hot commissioning of the processing plant. The company is on track to produce its first uranium oxide product this quarter, marking a critical milestone in its operations. Lotus remains financially stable, with substantial cash reserves and no debt, positioning it well for the upcoming production phase.
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 mining industry, focusing on uranium production. The company’s primary project is the Kayelekera Uranium Project in Malawi, where it is working towards restarting uranium production.
Average Trading Volume: 12,043,468
Technical Sentiment Signal: Sell
Current Market Cap: A$391M
For an in-depth examination of LOT stock, go to TipRanks’ Overview page.