Lotus Resources’ DFS to restart Kayelekera Uranium Project in Malawi demonstrates low costs and high ESG credentials

The Kayelekera mine site in Malawi. Lotus Resources Ltd (ASX:LOT) says the results from its definitive feasibility study (DFS) are in and the numbers stack up to restart the Kayelekera Uranium Project in Malawi.

According to the DFS, Kayelekera ranks as one of the lowest capital cost uranium projects globally, with a low initial capital cost of US$88 million, an initial capital intensity of US $37 per pound and an average production of 2.4 million pounds U308 (ASX:UTO) per annum for the first seven years over a 10-year life-of-mine. Short restart timeline

The mine is also able to quickly restart production over a timeline of about 15 months for construction and refurbishment once a final investment decision (FID) has been made.

The restart DFS is underpinned by an ore reserve estimate of 15.9 million tonnes at 660 parts per million (ppm) U3O8 for 23 million pounds U3O8.The uranium produced in the […]

Click here to view original web page at www.proactiveinvestors.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.