Lotus Resources trading halt request for material agreement announcement

Lotus Resources Limited (ASX: $LOT) has requested an immediate trading halt in the trading of the Company's securities pending an announcement regarding a material agreement, specifically a Mine Development Agreement with the Government of Malawi. The trading halt will remain in place until the earlier of the commencement of normal trading on Wednesday 31 July 2024 or an announcement in relation to the above. The Company is not aware of any reason why the trading halt should not be granted and is not aware of any further information necessary to inform the market about the trading halt.

Company's Request for Trading Halt

The Company has requested a trading halt in order to facilitate the announcement of a material agreement, specifically a Mine Development Agreement with the Government of Malawi. This trading halt is in accordance with Listing Rule 17.1 and will remain in place until the earlier of the commencement of normal trading on Wednesday 31 July 2024 or an announcement in relation to the above. The Company is committed to keeping the market informed and believes that the trading halt is necessary to ensure that the announcement is released to the market in an orderly and fair manner.

Summary of Trading Halt Request

Lotus Resources Limited (ASX: $LOT) has requested a trading halt in order to release an announcement regarding a material agreement, specifically a Mine Development Agreement with the Government of Malawi. The trading halt will be in place until the earlier of the commencement of normal trading on Wednesday 31 July 2024 or an announcement in relation to the above. The Company is focused on keeping the market informed and believes that the trading halt is essential to ensure that the announcement is made to the market in a fair and orderly manner. This request reflects the Company's commitment to transparency and compliance with the ASX Listing Rules.