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Lotus Resources: Strong demand for $12.5m raise for 'technical study to lead into feasibility study'

Lotus Resources Ltd's (ASX:LOT) Keith Bowes tells our proactive audience the rationale behind their $12.5m raise which will be partly used for their technical study which will lead into a feasibility study, which is the 'key study that we would like to complete within the next 18 months'. Bowes believes the strong demand for the capital raising is testament to the potential of the Kayelekera Uranium Project, one of only two uranium assets on the ASX to have proven, commercial uranium production.

Quick facts: Lotus Resources

Price: 0.14 AUD

Market: ASX
Market Cap: $114.87 m

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Lotus Resources highlights high-grade rare earth oxide material at...

Lotus Resources Ltd's (ASX:LOT) Keith Bowes tells Proactive's Andrew Scott they've found high-grade rare earth oxide material up to 16% total REO and 3.4% critical REO at the Milenje Hills prospect, 2 kilometres from its Kayelekera Uranium Mine in Malawi, after a preliminary low-cost exploration...

1 month ago

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