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Lotus Resources Limited (LTSRF) Q3 2026 Earnings Call Transcript
Perth, Australia--(Newsfile Corp. - January 15, 2024) - Lotus Resources (ASX: LOT) (OTCQB: LTSRF) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in Cape Town. 121 Mining Investment Cape Town will be hosting over 125 mining companies and more than 550 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings.
Lotus Resources Ltd (ASX:LOT) has bolstered its mineralised footprint at the Kayelekera uranium deposit in Malawi, Africa, following a 35-hole drilling program. The reverse circulation campaign covered slightly more than 4,500 metres and recorded some promising uranium hits, including: 2 metres at 2,541 parts per million (ppm) triuranium octoxide from 9 metres; 3 metres at 829 ppm from 13 metres; 3 metres at 919 ppm from 53 metres; and 4 metres at 539 ppm from 46 metres.
Lotus Resources Ltd (ASX:LOT) has appointed Michael Ball as chief financial officer (CFO) in a move that will strengthen the company's executive team and help it further its uranium project. Lotus owns an 85% interest in the Kayelekera Uranium Project in Malawi, which hosts a current resource of 37.5 million pounds of U3O8 and historically produced ~11 million pounds of uranium between 2009 and 2014.
Lotus Resources Ltd (ASX:LOT) has been initiated by Petra Capital stockbrokers with a BUY recommendation and share price target of A$0.40 following the company's acquisition of a major uranium asset in October, and the jump in uranium spot prices kick-started by Sprott's plans to list its Physical Uranium Trust on the New York Stock Exchange this year. The Kayelekera Uranium Project in Malawi, Africa, is the fourth-largest uranium asset globally by historical annual production and is currently on care and maintenance.
Lotus Resources Ltd (ASX:LOT) has hit an important milestone with the release of its inaugural sustainability development report for the Kayelekera Uranium Project in Malawi, as well as its head office in Perth, Australia. The sustainability report provides an initial assessment and an overview of the company's approach to delivering its environmental, social and governance (ESG) program.
Lotus Resources Ltd (ASX:LOT) has drilling underway at its recently acquired Livingstonia tenement and other regional prospects in northern Malawi. The company is looking to convert the historic resource (JORC 2004) into a JORC 2012 resource and test potential high-grade extensions.
Lotus Resources Ltd recently acquired the 6 million pound U3O8 Livingstonia Uranium Project located 90 kilometres from the company's Kayelekera Uranium Project in Malawi. Red Cloud Securities believes this is a positive update for the company, as the resource area shows potential for increasing both size and grades.
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