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Lotus Resources Limited ( (AU:LOT) ) just unveiled an update.
Lotus Resources has reached a key milestone at its Kayelekera Uranium Mine in Malawi, delivering the first high-grade ore from the open pit to the run-of-mine pad as it ramps up toward steady-state production targeted for the first quarter of calendar 2026. With all required mining equipment on site and pit access ramps completed, the company is aiming to reach 50–65% of nameplate throughput by January 2026, while also tackling previous sulphuric acid supply constraints by signing contracts with three suppliers in Zambia and South Africa and securing the necessary import permits. The rebuild of the on-site acid plant remains on schedule for commissioning in the first quarter of 2026, a move expected to mitigate acid supply risks and lower processing costs, underpinned by a solid balance sheet with A$73.9 million in cash at the end of November 2025, reinforcing Lotus’s ability to execute its production ramp-up plan.
The most recent analyst rating on (AU:LOT) stock is a Buy with a A$0.28 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 Australian-listed uranium company focused on restarting and operating the Kayelekera Uranium Mine in Malawi. The company is targeting a return to steady-state uranium production, supported by on-site processing infrastructure and secure reagent supply arrangements, with a view to positioning itself as a reliable supplier into the global nuclear fuel market.
Average Trading Volume: 18,151,146
Technical Sentiment Signal: Sell
Current Market Cap: A$516.3M
Find detailed analytics on LOT stock on TipRanks’ Stock Analysis page.