Lotus Resources Limited (ASX: LOT, OTCQB: LTSRF) (Lotus or the Company) is pleased to announce the results from the Definitive Feasibility Study (Restart DFS) for the restart of the Kayelekera Uranium Project (Kayelekera or the Project) in Malawi.
The Restart DFS has confirmed Kayelekera ranks as one of the lowest capital cost uranium projects globally whilst also having the ability to quickly recommence production (15 months development for construction/refurbishment) once a Final Investment Decision (FID) has been made.
The Company’s focus is now on accelerating engagement with the various nuclear energy utilities and securing offtake agreements with the necessary volumes and pricing mechanisms to support the restart of Kayelekera whilst also considering various financing options to fund the restart.
