Lotus reveals accelerated restart plan for Kayelekera uranium project

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By: Darren Parker

Creamer Media Senior Contributing Editor Online

Font size: – + ASX- and OTCQX-listed Lotus Resources has announced an accelerated restart plan for its Kayelekera project, in Malawi, following the completion of front-end engineering and design (FEED).Lotus said it was now moving into detailed engineering and on-site works for Kayelekera’s low capital intensity but accelerated restart to ensure the company achieves its strategic objective of becoming a globally significant uranium producer by the third quarter of next year.In a statement issued by the company on October 8, Lotus said the time to first uranium production had been reduced from about 15 months to between eight and ten months by phasing in the completion of nonessential site infrastructure, such as grid power and an acid plant rebuild, beyond first production.The accelerated restart plan reduces initial restart capital through a phased approach by focusing on capital items essential to the […]

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