Lotus Resources (ASX:LOT) said that drilling at the Letlhakane project in Botswana has uncovered new thick uranium mineralization zones, according to a Tuesday filing with the Australian Securities Exchange.
The drilling intercepted up to 1,128 parts per million of triuranium octoxide equivalent, the filing said.
The uranium developer is in the process of updating its mineral resource estimate for Letlhakane for finalization this month.