Keith Bowes is the Managing Director of Lotus Resources and has his hands on 2 great projects
Lotus Resources Limited (ASX:LOT; OTCQB:LTSRF) owns an 85% interest in the Kayelekera Uranium Project in Malawi, Africa, and 100% interest in the Letlhakane Uranium Project in Botswana, Africa.

Kayelekera is currently on care and maintenance and is a past producing asset having delivered approximately 11 million pounds of uranium, before its closure due to a sustained low uranium price.

Lotus released a Re-Start Definitive Feasibility (DFS) Study in August 2022 that highlighted that Kayelekera ranks as one of the lowest capital costs (US$88m) 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.

Letlhakane is one of the largest undeveloped uranium projects in the world and boasts a current Mineral Resource estimate of 118.2Mlb U3O8 at 345 ppm (RPEEE basis), which holds potential for decades of production in one of the best mining jurisdictions in the world.


TIME STAMPS:
00:00 intro and background
01:05 Who are Lotus Resources
03:30 Botswana is a great place to do business
04:30 How Lotus acquired the Letlhakane project
07:00 The China connection
08:00 Why buy another asset when the one they have is so good
12:50 Timeframes into production and life of mine for both project
14:00 The feasibility study and the numbers
17:00 The uranium market
22:40 The shift towards higher prices and what the utility companies are doing
25:00 The share price and the value of the LOT assets
29:20 Three reason to sit up and take notice of LOT right now


https://lotusresources.com.au/

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