Lotus Resources on Track for Production at Malawi Uranium Project in Q3 2025; Names CFO

MT Newswires Live

Jan 23, 2025

Lotus Resources (ASX:LOT) said that the restart of its Kayelekera uranium project in Malawi was on track for uranium production in the third quarter of 2025, according to a Thursday filing with the Australian bourse.

The company grew its on-site refurbishment and construction team to 200 local and expat personnel and it is recruiting key operations management personnel including a processing manager, mining engineer, and maintenance manager.

In addition, Lotus Resources signed a community development agreement to establish a community development fund representing at least 0.5% of annual gross sales revenue, the filing said.

The company said Hayden Bartrop was appointed chief financial officer but will continue as chief commercial officer.

The company's shares were up 2% in recent Thursday trade.

Price (AUD): $0.25, Change: $+0.0050, Percent Change: +2.04%

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