Lotus adds to Kayelekera resource
PERTH (miningweekly.com) – ASX-listed Lotus Resources has reported a 23% increase in the mineral resource estimate of the Kayelekera uranium project, in Malawi.
The project is now estimated to host 46.3-million pounds of uranium, at 500 parts per million (ppm) uranium oxide (U3O8). Measured and indicated resources now account for 81% of the total mineral resource estimate.
“This is a meaningful increase with the majority of material classified in the Indicated category, which indicates that the life-of-mine (LoM) could increase by more than two years when the new mine plan is completed in the coming months,” said Lotus MD Keith Bowes.
“These drill results have also given us confidence that the Kayelekera mineralised zones can still be expanded and this will be considered in future programmes.
“While a portion of the updated mineral resource estimate is a result of the recent exploration success at the Kayelekera project, the majority of material was included due to decreasing the cut-off grade from 300 ppm to 200 ppm. We are comfortable with this revised cut-off grade given the success to date from our ore sorting test work on material from the project, as well as the continuing strengthening of fundamentals for the sector, including higher uranium prices.
“While the majority of management time is now fully focused on the definitive feasibility study, exploration results from the nearby Livingstonia uranium deposit are expected shortly. Assuming success, an inaugural Joint Ore Reserves Committee-compliant mineral resource estimate for Livingstonia will be completed, meaning a further increase in the global mineral resource estimate is likely.”
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Columbus Stainless, based in Middelburg, Mpumalanga, is Africa’s only producer of stainless steel flat products. In addition, Columbus is the only...
VISIT SHOWROOM
Occupational health services, mobile clinics, wellness campaigns, aviation.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
