LOT lotus resources limited

Ann: Thickest continuous mineralisation at Letlhakane, page-2

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    "that number could reach 95 GW" for SMR : Posting amendment to Nuclear News post here as I am busy shortly!

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    "HIGHLIGHTS
    • Latest drilling has intersected some of the thickest (26.1m) continuous zones of mineralisation to
    date, with this thicker mineralisation starting as shallow as 8.2m
    • Diamond drilling at Serule West is complete and has commenced at Gorgon West to obtain samples
    for metallurgical test work and QAQC assaying
    • RC intersections from Gorgon West and diamond intersections from Serule West deposit include:
    o MOKR2650: 26.1m at 265ppm eU3O8* from 30.2m
    o MOKR2671: 24.9m at 180ppm eU3O8* from 8.2m
    o MOKR2655: 4.1m at 597ppm eU3O8* from 39.5m, incl 1.8m at 1,253ppm eU3O8 from 40.7m
    o MOKR2651: 2.1m at 2,053ppm eU3O8* from 50.8m
    o SEDD0037: 3.9m at 469ppm eU3O8* from 48.4m
    o SEDD0037: 3.1m at 467ppm eU3O8* from 61.3m
    o SEDD0039: 3.9m at 594ppm eU3O8* from 44.8m
    • All additional infill drill holes have intersected mineralisation, confirming continuity and grade as
    Lotus aims to upgrade the classification of the Letlhakane MRE
    • Drilling on track to be completed in September 2024, with updated MRE to be completed during
    November 2024
    • Exploration drilling has now commenced in the western portion of the mining lease, testing historical
    intercepts outside the defined resources
    • Scoping level study for Letlhakane remains on track for delivery in the first half of September 2024
    • Lotus is progressing Letlhakane development in parallel with restarting uranium production at
    Kayelekera in Malawi."
 
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