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Lotus Resources Limited (ASX: LOT, OTCQX: LTSRF) (Lotus or the Company) is pleased to announce the official inauguration of the Kayelekera Uranium Mine (Kayelekera or Mine) by His Excellency, Dr Lazarus McCarthy Chakwera, President of the Republic of Malawi on 12 August 2025. This coincided with initial uranium inventory being ready for precipitation, calcining and packaging, a further key milestone in the restart of Kayelekera.HIGHLIGHTS
- Kayelekera officially inaugurated by the President of the Republic of Malawi, demonstrating the tremendous support of Kayelekera by the Government of Malawi
- Mill performance is demonstrating increasing operating hours and throughput rates, as plant commissioning advances
- Approximately 1,500 kgs of uranium eluted, ready for precipitation; mill feed grades of initial ore sourced from stockpiles are comfortably meeting expectations
- Tailings Storage Facility (TSF) works involving the initial embankment widening, raise and lining for further deposition capacity are progressing
Lotus Managing Director Greg Bittar commented:"We were honoured to welcome His Excellency, Dr Lazarus McCarthy Chakwera, President of the Republic of Malawi, to preside over the official inauguration of the commissioning and restart of the Kayelekera Uranium Mine. His Excellency, the Government of Malawi, the traditional authorities of regions around Kayelekera and the local communities, have all been pivotal in this achievement.We continue to make terrific progress in commissioning the plant and increasing mill throughput, and we are on track to achieve steady state 200,000lbs per month - 2.4M lbs per annum - production in early CY2026.Beyond the mill, the extensive commissioning work that the team has completed throughout the processing plant with the processing of high grade ore over the past 14 days means we now have uranium inventory ready for the last stages of precipitation, drying and packaging. Final plant commissioning, focused on control system automation of the drying and packaging circuit, is being completed.We have ramped up the work on the tailings storage facility infrastructure to form the foundation for future lifts to accommodate the 10-year life of mine."KAYELEKERA OFFICIALLY INAUGURATED BY THE PRESIDENT OF MALAWIOn 12 August 2025, His Excellency, Dr Lazarus McCarthy Chakwera, President of the Republic of Malawi along with Minister of Mining, The Honourable Dr Kenneth Zikhale Ng'oma, other Cabinet Ministers, Royal Highness Paramount Chief Kyungu and traditional leaders of Karonga and Chitipa, and many other distinguished guests attended Kayelekera to officially inaugurate the restart of the Project. |
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