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Lotus Resources Limited ( (AU:LOT) ) has provided an update.
Lotus Resources Limited has achieved a significant milestone with the first mining blast at its Kayelekera uranium mine in Malawi, marking the transition to mining new run-of-mine ore. This development supports the company’s plan to ramp up to a steady-state production level of 200,000 pounds of U3O8 per month by the first quarter of 2026. The integration of freshly mined ore with existing stockpiles, which have exceeded expected grades, is expected to enhance production capabilities. The company is advancing its product accreditation with uranium converters in the US, Canada, and France, positioning itself as a global uranium producer amid a dynamic energy sector.
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 uranium mining industry, focusing on the production of uranium from its Kayelekera mine in Malawi. The company is involved in the extraction and processing of uranium ore, aiming to establish itself as a significant player in the global uranium market.
Average Trading Volume: 20,925,354
Technical Sentiment Signal: Sell
Current Market Cap: A$421.2M
For a thorough assessment of LOT stock, go to TipRanks’ Stock Analysis page.