Lotus has commenced a 30-hole (∼4,000 metre) reverse circulation (RC) drill program at Livingstonia. The program is designed to convert the historic resource1 (JORC 2004) into a JORC 2012 resource and test potential high-grade extensions. Multiple greenfield targets are also being considered, including the untested Chilumba prospect (Figure 2) where a major radiometric anomaly has been identified (Figure 3). Assay results from the Kayelekera uranium and Milenje rare earth exploration programs completed in October are still pending. Samples have been received at the laboratories in Johannesburg and are currently being processed
LOT Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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