Lotus Resources Limited (AU:LOT) has released an update.
Lotus Resources Limited has announced positive results from a Scoping Study for its Letlhakane Uranium Project in Botswana, indicating its potential as a cost-effective, long-life operation. The study suggests that the project could produce approximately 3 million pounds of uranium per annum over a 15-year lifespan, with a base case cash cost of $36 per pound after optimization, positioning Lotus as a significant future uranium producer alongside its Kayelekera Project in Malawi. Furthermore, Lotus is exploring the potential for in-situ recovery methods to further reduce operating costs and is well-funded to continue development with $34.1 million in cash reserves.
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