Lotus Resources: Kayelekera a ‘Low-Cost, Quick Restart Asset’

Lotus Resources: Kayelekera a ‘Low-Cost, Quick Restart Asset’

Lotus Resources [ ASX:LOT ] released its DFS, ‘ confirming Kayelekera as a low-cost, quick restart uranium operation. ‘

The share price for the uranium stock was largely flat on Thursday.

While LOT shares are up 50% over the past 12 months, they are down 25% year to date. www.tradingview.com DFS validates Kayelekera uranium

On Thursday morning, Lotus Resources brought out the latest results for its DFS (Definitive Feasibility Study) on the restart of the Kayelekera Uranium Project in Malawi.Lotus revealed that the DFS findings paint Kayelekera Uranium as ‘ one of the lowest capital cost uranium projects globally ’ — one that will only take 15 months to rebuild.Pending a FID (Final Investment Decision), the company will be boosting engagements with nuclear energy utilities, exploring funding avenues, and moving forward with offtake options. Kayelekera Uranium breakdown The mine has an ore reserve estimate of 15.9Mt (metric tonnes) […]

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