Lotus to accelerate Kayelekera Uranium restart

Lotus Resources Kayelekera Uranium Project Malawi Uranium

WRITTEN BY Aaliyah Rogan

Lotus Resources (ASX:LOT) is moving into detailed engineering and onsite works to restart operations at the Kayelekera Uranium Project in Malawi, with an aim to achieve first uranium production during Q3 2025.

This news comes after the $476.72 million market capitalised company completed a front-end engineering and design (FEED) program, which has positioned Lotus to undertake a low-capital intensity, accelerated restart program for Kayelekera.The accelerated restart program will allow Lotus to determine long-lead items and a critical path to production schedule. It also allows Lotus to confirm or update capital cost estimates for aspects of the plant refurbishment and new equipment installations, and update the operating costs from the 2022 Definitive Feasibility Study (DFS).Based on the FEED program’s results, the company formulated the accelerated restart plan which reduces the initial restart plan by focusing on capital items […]

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