DFS confirms Kayelekera as a low-cost, quick restart uranium operation

DFS confirms Kayelekera as a low-cost, quick restart uranium operation

Kayelekera Mine Site Lotus Resources has announced the results from the DFS for the restart of the Kayelekera Uranium Project in Malawi.

The restart DFS has confirmed Kayelekera ranks as one of the lowest capital cost uranium projects globally whilst also having the ability to quickly recommence production (15 months development for construction/refurbishment) once a Final Investment Decision (FID) has been made.

The Company’s focus is now on accelerating engagement with the various nuclear energy utilities and securing offtake agreements with the necessary volumes and pricing mechanisms to support the restart of Kayelekera whilst also considering various financing options to fund the restart.

RELATED: Government support to recommence production at Lotus’ Kayelekera Uranium resource surges following inaugural resource at Livingstonia Keith Bowes, MD of Lotus, commented:“Having an asset with low technical risk and low restart capital, which can quickly commence production, are key characteristics that investors look for in […]

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