‘One of the largest uranium producers on the ASX’: Lotus

Lotus Minerals Letlhakane Uranium Project Scoping Studies

WRITTEN BY Aaliyah Rogan

Lotus Resources (ASX:LOT) says the results of its recent Scoping Study have confirmed that its Letlhakane Project in Botswana is a “ long-life, high-value ” uranium asset.

The study confirms an economically viable 15-year operation under a range of uranium price scenarios, producing 3 million pounds each year.Lotus says the base case scenario estimates an initial capital requirement for the mine’s life totalling US$465 million ($687.4 million), and pre-production capital of US$23.5 million.The base case scenario is based on a price of US$80 per pound of triuranium octoxide, while other scenarios were based on revenue factors equivalent to US$65 per pound and US$100 per pound.As of today, the uranium spot price is sitting at US$79.50 per pound, according to Trading Economics.CEO Greg Bittar says the Scoping Study demonstrates Letlhakane’s merit as the company’s second, longer life uranium […]

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