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

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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