LOT
Director Trades
| Date | Director | Value |
|---|---|---|
| L. Heywood | $16,425 | |
| G. Bittar | $39,675 | |
| G. Davey | $30,000 | |
| M. Bowen | $30,000 |
Company News
Lotus Resources hits thickest uranium zones to date at letlhakane project in Botswana
African-focused advanced uranium player Lotus Resources (ASX: LOT) has intersected the thickest continuous zones of uranium mineralisation to date at its Letlhakane project in Botswana. The highlights of the latest results include 26.1m of a continuous zone, with the thicker mineralisation starting as shallow as 8.2m. The company has now added the results from 35 […]
Petra Capital forecasts sustained strength in uranium market
A new report from boutique Australian institutional stockbroking firm Petra Capital is forecasting continued strength in the uranium market. The estimated uranium term price for August is up 19% year-to-date, with the final third of the year – typically a strong seasonal period for uranium – still to come. Petra believes an increase in contract […]
Australian uranium shares surge on news of Kazatomprom production shortfall
Local uranium shares soared on Friday after news broke that Kazatomprom, the world’s largest exporter of the nuclear fuel, will likely miss potential production targets for 2024 by a fifth due to construction delays and problems obtaining sulphuric acid. Kazatomprom’s woes sent Australian uranium shares rising and traders will be looking for another jump in […]
Uranium price breaches US$60 a pound as demand outstrips supply
It’s getting harder by the day to ignore the uranium revival as the price breaches the US$60 level with stockpiles shrinking and demand comfortably outstripping supply. If it was any other commodity the price would almost certainly be a lot higher as would the share prices of the small band of Australian mining companies prepared […]
Market wrap: Bullock rally an appropriate welcome – now comes the hard part
It would be nice to think that the Australian share market rose on the back of the historic appointment of Michele Bullock as Reserve Bank governor. In truth, following a positive lead from the US market is a much more likely explanation for the 56.2 point rise for the ASX 200, although it would be […]
Lotus Resources and A-Cap Energy merge to create new African uranium powerhouse
Junior Australian uranium companies Lotus Resources (ASX: LOT) and A-Cap Energy (ASX: ACB) have agreed to come together to help develop two exciting projects in Africa. The aim of the merger is to progress Lotus’ ready-to-resurrect Kayelekera uranium project in Malawi and A-Cap’s world class Letlhakane uranium asset in Botswana. Currently on care and maintenance, […]
Quarterly explorers round-up – what’s been happening in the small cap space?
It was a busy September quarter in the small cap resource and energy spaces, with some major discoveries and project milestones achieved amid a strong outlook for most commodities. With rapidly rising inflation and volatile markets, the junior gold space continued to shine. Gold Gold explorers making headlines in the September quarter included: Kin Mining […]
Lotus Resources confirms high-grade rare earths at Milenje prospect
Lotus Resources (ASX: LOT) has completed a program of second-stage preliminary exploration at the Milenje rare earth element (REE) prospect, located near to its flagship Kayelekera uranium project in Malawi. Work comprised trench sampling, a reverse circulation drill program and preliminary mineralogy studies and confirmed high-grade REE mineralisation including total rare earth oxides (TREO) of […]
Lotus Resources hits uranium at Chilumba satellite target, considers expanding regional program
In June last year, Lotus Resources (ASX: LOT) began the first uranium drilling program in more than 15 years at the mothballed Kayelekera uranium mine in Malawi, and has since launched greenfields exploration campaigns to firm up satellite deposits. The southern project area at Kayelekera contains the Livingstonia deposit (4.8 million pounds of uranium oxide) […]
Lotus Resources’ DFS ranks Kayelekera uranium project amongst world’s lowest capital cost developments
A restart definitive feasibility study for Lotus Resources’ (ASX: LOT) Kayelekera uranium project in Malawi has ranked it as one of the lowest capital cost projects of its kind in the world. It also confirmed the project has the ability to recommence production within 15 months once a final investment decision has been made. The […]
