Overview of Lotus Resources' Letlhakane Uranium Project scoping study results

Lotus Resources Limited (ASX:LOT) has released the results of the Scoping Study for its Letlhakane Uranium Project in Botswana. The study confirms the project's potential to support an economically viable long-life operation under various uranium price scenarios. The base case is a 15-year life-of-mine (LoM) producing 3Mlbpa for a total LoM production of 42Mlb. Lotus is well funded to continue development at Kayelekera and Letlhakane with $34.1 million cash at bank as at 30 June 2024.

Executive commentary on Letlhakane Uranium Project scoping study results

The Scoping Study for Letlhakane Uranium Project in Botswana demonstrates the project's potential to be a significant, long-term uranium producer. The study's base case outlines a 15-year life-of-mine with a focus on flexibility to adjust production in response to uranium price fluctuations. We are committed to further optimization through trade-off studies, progressing a Mineral Resource Estimate update, and planning an ISR assessment. The company's strong financial position provides a solid foundation for the project's development.

Summary of Letlhakane Uranium Project scoping study results and outlook

Lotus Resources Limited's Scoping Study for the Letlhakane Uranium Project affirms its potential for a sustainable, long-term operation. The study's base case production and cost estimates indicate the project's resilience under varying uranium price scenarios. With a focus on trade-off studies, Mineral Resource Estimate updates, and planned ISR assessment, Lotus aims to optimize the project further. The company's well-funded position and commitment to identifying further optimization opportunities underscore its strategic approach to project development.