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.
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.
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.