KAYELEKERA PROJECT

The Kayelekera Uranium Project (“Kayelekera” or the “Project”) in Malawi, Africa is the fourth largest uranium asset globally by historical annual production currently on care and maintenance. The Project produced ~11MIbs U3O8 equivalent over five-years between 2009-2014, before the asset was shutdown to preserve its longevity due to a sustained low uranium price.

The infrastructure at the Project is significant and includes a 1.5Mtpa processing facility, administration offices, an existing opencut mine, tailings dams, accommodation camp and other mine infrastructure that historically cost more than +US$200m.

ENVIRONMENTAL, SOCIAL & GOVERNANCE

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Overview

Lotus is striving to become a sustainability leader, contributing to a sustainable low carbon future. We have established the key focus areas for our sustainability strategy, which was guided by the GRI Standards, and engagement with our stakeholders.

Key Milestones

  • Kayelekera’s mining licence renewed.
  • Community Development Agreement under final review
  • Further strengthened and diversified the Board and management team
  • Established a Sustainability Committee.
  • Completed the Kayelekera DFS.

Megatrends

We continue to investigate the latest sustainability trends that are relevant to our business and stakeholders.



Environment

Uranium is a key energy pillar in the world’s transition towards a Net Zero future. We are developing a project focused on reducing global GHG emissions as well as implementing effective measures and energy sources to reduce Kayelekera’s direct carbon emissions.

Social

We believe that maintaining good relationships with the communities that surround our mine is fundamental to enhancing business productivity and sustainability on all its projects.

Governance