Firm upbeat on Kayelekera Uranium Mine, outlines plans

Firm upbeat on Kayelekera Uranium Mine, outlines plans

New investors in Kayelekera Uranium Mine in Karonga, Lotus Resources Limited, says it wants to grow resources to ensure a long shelf life of the mine.

The Australian mining firm’s managing director Keith Bowes said in an e-mail response on Thursday that in view of its licence renewal and the pick up in uranium prices, they are positive that the mine can support a viable long-term operation. Kayelekera Mine was put under care and maintenance in 2014 He said: “Lotus Resources recognised that part of the attraction of the Kayelekera Project when it acquired it from Paladin Energy in March 2020 was the potential to increase the existing uranium resource from the current 37.5 million pounds by undertaking exploration programmes.

“The programme itself would initially focus on the potential of the existing mining licence through extensional drilling around the current resource and investigating a number of geophysical anomalies that look like […]

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