Lotus Resources (ASX:LOT) responds to ASX query

Lotus Resources Limited (ASX:LOT) has responded to an ASX query regarding its recent announcement titled 'Cleansing Notice' and the disclosure of information related to the Letlhakane Uranium Project in Botswana. The company has provided detailed explanations and justifications in response to the specific questions and requests for information raised by ASX.

Executive Commentary on ASX Query Response

The company has clarified that the information disclosed in the announcement was not considered to have a material effect on the price or value of its securities. Lotus Resources (ASX:LOT) explained that the announcement was inadvertently marked as 'market sensitive' and formed part of a series of updates from the ongoing drilling program at the Letlhakane Uranium Project. The company emphasized its commitment to rigorous quality control and internal review processes before the release of exploration results to ensure accuracy and compliance with Listing Rule 3.1A.1. Furthermore, Lotus Resources (ASX:LOT) confirmed that the responses provided have been authorized and approved by the Board.

Summary of ASX Query Response and Outlook

Lotus Resources (ASX:LOT) has responded to ASX's queries regarding the recent announcement and the Cleansing Notice related to the Letlhakane Uranium Project. The company has provided detailed justifications for its actions, emphasizing its commitment to compliance with Listing Rule 3.1 and the rigorous internal processes in place for the release of exploration results. Looking ahead, Lotus Resources (ASX:LOT) aims to continue its exploration and development activities at the Letlhakane Uranium Project, with a focus on infilling drilled areas to confirm mineralization continuity and upgrade inferred resources. The company's adherence to disclosure obligations and quality control processes reflects its dedication to transparent communication with investors and stakeholders.