Lotus Resources’ Kayelekera Project positioned to become one of first projects to recommence uranium production

The re-start scoping study highlighted Kayelekera as a project that can restart quickly with a potential 14-year life of mine producing more than 23 million pounds of uranium oxide. Lotus Resources Ltd ( ASX:LOT ) has considerably advanced the Kayelekera Project in Malawi, positioning it to be one of the first projects to recommence uranium production in the future.

The re-start scoping study released last October highlighted Kayelekera as a project that can restart quickly with a potential 14-year life of mine producing more than 23 million pounds of uranium oxide (U3O8).

It also has one of the lowest initial capital costs of US$50 million, to re-commence production. "Envious position"

Lotus Resources chairman Michael Bowen said in the annual report: “This envious position of low capital costs will be a major differentiator for Lotus going forward, as in the coming years, cost escalation across the resources sector is likely to become […]

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