Lotus Resources Limited (“Lotus”) is an Australian-based minerals exploration and development company. The Company’s key asset is a 65% ownership of the Kayelekera Uranium Project located in northern Malawi, Africa.
Kayelekera Uranium Project (“Kayelekera” or the ”Project”) is a large 157km2 tenement package with excellent exploration potential and hosts a high grade resource with an existing open pit mine and demonstrated excellent metallurgical recoveries. The remaining 35% is held by Lotus’s joint venture partner Kayelekera Resources Pty Ltd (20%) and the Government of Malawi (15%).
Lotus will continue to explore ways to advance the Hylea Cobalt Project in NSW.