Company
Lotus Resources Ltd
OFEX:LOTP
Lotus Resources Limited is a leading ASX-listed uranium producer headquartered in Perth, Australia, which owns an 85% interest in the Kayelekera Uranium Mine in Malawi (Government of Malawi holds 15%), and 100% of the Letlhakane Uranium Project in Botswana. The company restarted production at Kayelekera in August 2025, on time and on budget.
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Lotus Resources and A-Cap merger to create major African-focused uranium player
The combined 241.5 million pound uranium resource base, one of the largest in the world, will position the combined entity for a market re-rating.
Lotus Resources confirms presence of high-grade rare earths at Milenje in Malawi
“Several of the samples from this new program returned TREO grades greater than 15%. The mineralogy work (petrographic and scanning electron microscopy) showed that the rare earths were contained in the mineral allanite," said MD Keith Bowe
Lotus Resources hits uranium in maiden drilling at Chilumba in Malawi
The company believes the area has strong long-term potential for mineable uranium, meaning it could be the base for a future satellite operation.
Lotus Resources completes $25 million placement to fast-track Kayelekera Uranium Project in Malawi
“In particular, the demand received from global sector specialists during the bookbuild provides significant validation for the company’s restart strategy and underscores the value of the project as one of the nearest-term producers globall
Lotus Resources DFS confirms low capital, quick re-start uranium asset: Shaw and Partners
Lotus Resources is looking to re-start operations of the fully permitted Kayelekera Uranium Project in Malawi.
Lotus Resources boosts global uranium resource to 51.1 million pounds thanks to inaugural Livingstonia resource
While Livingstonia is not included in Lotus’ current definitive feasibility study, it has the potential to become a satellite operation down the line, once the Kayelekera resource has been depleted.
Lotus Resources builds support for Kayelekera uranium mine restart during Malawi roadshow
Lotus says the Malawian Government indicated it was supportive of a production restart at Kayelekera as soon as possible.
Lotus Resources explores Livingstonia’s uranium potential with RC drill program
Although it’s not part of its present definitive feasibility study, Lotus believes Livingstonia bears potential as a satellite uranium deposit down the line.
Lotus Resources bolsters Kayelekera uranium resource by 23%
“While the majority of management time is now fully focused on the definitive feasibility study, exploration results from the nearby Livingstonia uranium deposit are expected shortly,” says MD Keith Bowes.
Lotus Resources expands uranium footprint at Kayelekera deposit
Lotus’ drilling activity expanded mineralisation by up to 100 metres from the existing resource drilling at Kayelekera.
Lotus Resources appoints new CFO to further uranium ambitions
“Michael’s blend of commercial, project development and operational experience is critically important for the company as we continue to position the Kayelekera Uranium Mine for a restart decision in the near future as the uranium price con
Lotus Resources initiated by Petra Capital with BUY rating and A$0.40 target price as uranium market heats up
“LOT offers one of the fastest routes to proven commercial production as it leverages substantial sunk capital and operating experience. We initiate with a BUY and Price Target of A$0.40/share.” says Petra Capital.
Lotus Resources marks important milestone with inaugural sustainability report
Its ultimate goal is to become a recognised industry leader as it brings the Kayelekera Uranium Mine back into production, and have a lasting positive impact on all of its stakeholders.
Lotus Resources begins program of consolidation and expansion at historic uranium tenement
Lotus started work in the region earlier this year - the first uranium exploration in the area in more than a decade. If all goes well, the historic resource will be revived and extended.
Lotus Resources shows potential for increasing both size and grades of uranium: Red Cloud Securities
Red Cloud has maintained a BUY rating and recently upgraded target price of A$0.40/share for Lotus Resources.
Lotus acquires new uranium asset to increase resource base – drilling to start shortly
“This is an extremely accretive acquisition for Lotus with the potential to increase our global mineral resource by 16% for less than $0.004/lb U3O8,” LOT managing director Keith Bowes said.
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 kick-off drilling at high-grade Milenje Hills Rare Earth Prospect in Malawi
The exploration program follows the discovery of high-grade rare earth oxide (REO) material related to uranium mineralisation at the prospect.
Lotus Resources granted 15-year licence extension on uranium project
“It is important to highlight that a restart of operations also provides significant benefits to the local communities and Malawi as a whole through employment, development of local communities, taxes, royalty streams and profit share to th
Lotus Resources begins DFS for Kayelekera Uranium Project following positive technical study results
The definitive feasibility study to assess the recommencement of production at the project in Malawi is expected to be completed by mid-2022.
Lotus Resources’ Kaylekera feasibility study will be a critical catalyst for the stock: BW Equities
Lotus was recently upgraded to a ‘Buy’ with a target price of 21 cents by BW Equities following a busy June quarter, which saw numerous advancements at the company’s Kayelekera Uranium Project.
Lotus Resources fields further strong results from ore sorting with potential to enhance Kayelekera Uranium Project
Ore sorting has the potential to both increase the feed-grade and extend the life-of-mine through the utilisation of low-grade ores as plant feed.
Lotus Resources upgraded to a Buy with target price of 21 cents by BW Equities after June quarter
The broker flagged the company’s completion of the multiple technical studies, which it sees as a “critical catalyst” as work is progressed and a clear vision for the operational parameters are established.
Lotus Resources directors demonstrate confidence in uranium strategy through placement participation
The uranium explorer and developer is working to align its flagship Kayelekera Uranium Project with a series of global frameworks as it looks to bring the 17-million-tonne uranium asset in Malawi back into production.
Lotus Resources adopts ESG principles to guide Kayelekera Uranium Project development
The uranium explorer and developer will work to align its flagship project’s development with a series of global frameworks as it looks to bring the 17-million-tonne uranium asset back into production.
Lotus Resources initiated by Red Cloud Securities with buy rating and target price of 22 cents per share
Past production of 11 million pounds of uranium (2009-2014) at the Kayelekera Uranium Project in Malawi ceased only due to lower post-Fukushima uranium prices.
Lotus Resources gets valuation uplift from BW Equities; management confident on 3 million pounds of uranium production per annum
Following the preliminary ore sorting test work, management confirmed that feasibility study will refocus the Kayelekera mine-plan on a scenario producing ~3mlbs per annum on average over a mine-life of ~10 years.
Lotus Resources’ ore sorting tests “exceed expectations” at Kayelkera Uranium Project
The ASX-lister called the initial results “excellent” and said the grade of the ore sorting product increased by up to 100%, compared to the African project’s original feed sample.
Lotus Resources set to begin exploration drilling at Kayelekera Uranium Project
After completing the uranium program, the company will move the rig to its rare earth targets at Milenje for initial follow up to positive results returned from reconnaissance trench sampling.
Proactive Uranium Webinar next Tuesday to showcase three companies on path towards production
The webinar will feature Lotus Resources, Peninsula Energy and Alligator Energy with projects in Africa, the US and Australia respectively.
Lotus Resources fields strong initial results as ore sorting tests begin at Kayelekera Uranium Project
STEINERT, a leader in the magnetic and sensor separation industry, is undertaking the test-work at its facility in Perth, Western Australia.
Lotus Resources appoints highly experienced uranium marketing and sales executive
The company believes with the uranium market beginning to project a more bullish sentiment, the timing for bringing on a marketing and sales executive is ideal.
Lotus Resources non-executive director continues to build holding with fourth on-market purchase this week
The company’s key asset is the Kayelekera Uranium Project in northern Malawi, Africa.
Lotus Resources director Grant Davey shows further faith in uranium strategy with another on-market buy
The company holds an 85% interest in the Kayelekera Uranium Project in Malawi that hosts a resource of 37.5 million pounds of U3O8.
Lotus Resources director shows confidence in company's uranium strategy with on-market purchase
The company holds an 85% interest in the Kayelekera Uranium Project in Malawi that hosts a resource of 37.5 million pounds of U3O8.
Lotus Resources begins trading on OTCQB market in the US
The secondary listing is aimed at enhancing the visibility and accessibility of the uranium development company to North American investors.
Lotus Resources upgraded to BUY rating off the back of Hylea sale: BW Equities
The sale means the company can focus on its Kayelekera uranium asset and will provide additional funding to underpin the ongoing development program.
Lotus Resources sells non-core Australian asset for $2.5 million to strengthen focus on uranium project
Since acquiring the Kayelekera Uranium Project in 2019, the Hylea Project has become non-core to the company’s long-term strategy.
Lotus Resources hard at work revitalising Kayelekera uranium mine in Malawi
Multiple work programs are underway at Kayelekera, which ceased operations in 2014 due to low uranium prices.
Lotus Resources to lift Kayelekera Uranium Project ownership to 85%
Following a recommendation from an independent committee of the board, the company decided to exercise its buy-out right to the project in Malawi.
Lotus Resources in trading halt with acquisition of additional interest in Kayelekera Uranium Project news pending
With the successful closure of the placement, the company is fully funded to accelerate project development studies at its Kayelekera Uranium Project in Malawi.
Lotus Resources buoyed by strong demand from institutional investors for A$12.5 million placement
The company is now fully funded out to early 2023 and plans to accelerate project development studies at its Kayelekera Uranium Project in Malawi.
Lotus Resources begins process to increase ownership of Kayelekera Project in Malawi
Following the completion of the acquisition, Lotus will hold an 85% interest in the project and the Government of Malawi 15%.
Lotus Resources’ new MD will drive the company towards recommencing uranium production
Keith Bowes was a part of the team that was involved in the acquisition of Kayelekera Uranium Project in Malawi and has also been responsible for all site activities aimed at restarting production.
Lotus Resources scoping study for the Kayelekera Project supports a viable long-term uranium operation
Scoping study confirms Kayelekera can be among the first uranium projects to restart production and has a low total initial capital cost of US$50million due to existing infrastructure.
Lotus Resources discovers high-grade rare earth oxides at Kayelekera Project in Malawi
Given the presence of high-grade neodymium-praseodymium oxide - an essential ingredient for multiple clean technologies - the company is considering additional work to determine the potential of this discovery.
Lotus Resources finds multiple near-mine exploration targets within short trucking distance of Kayelekera Uranium Mine in Malawi
An ongoing exploration review has identified two priority target areas - Kayelekera South and Mpata.
Lotus Resources restart plan for Kayelekera Uranium Project in Malawi gets lift with $5 million placement funding
The uranium-focused company will issue 62.5 million placement shares at 8 cents per share to professional and sophisticated investors.
Lotus Resources granted trading halt by ASX with capital raising news upcoming
Discussions have begun with major global utilities to re-introduce the Kayelekera Uranium Project, with an initial focus on groups that historically acquired Kayelekera product.
Lotus Resources Kayelekera Project well-positioned for the next uranium cycle
The recent scoping study has confirmed the project has low initial capital and rapid start-up potential as the uranium market expects a shortfall by 2024-2028.
Lotus Resources provides exposure to a uranium asset with a significant operating track record: BW Equities
BW has reiterated its buy rating based on its improved confidence in financial modelling assumptions following the release of the Kayelekera Uranium Project scoping study.
Lotus Resources scoping study demonstrates potential to restart Kayelekera Uranium Project in Malawi
Discussions have begun with major global utilities to re-introduce the Kayelekera Uranium Project, with an initial focus on groups that historically acquired Kayelekera product.