ASX-listed Lotus Sources’ latest infill drill programme has efficiently transformed a good portion of the inferred mineral sources on the Letlhakane uranium mission, in Botswana, into the indicated mineral useful resource class, with the indicated portion of the mineral useful resource estimate (MRE) now standing at 50%, CEO Greg Bittar says.
The revised pit-constrained MRE has elevated Letlhakane’s indicated mineral sources by 65% with world sources of 142.2-million tonnes at 363 ppm of uranium oxide for 113.7-million kilos.
The revised Letlhakane MRE is constrained by pit shells demonstrating affordable prospects of eventual financial extraction (RPEEE) and incorporates the latest infill drilling of 164 holes for 12 108 m.
Focused exploration at Marotobolo on the western border of the mining licence has added 4.4-million kilos of recent RPEEE-constrained inferred mineral sources.
Drilling has additionally recognized additional mineral useful resource progress alternatives which Lotus will assess in its subsequent deliberate drilling marketing campaign.
Lotus will incorporate the MRE into numerous mining and course of flowsheet optimisation research.
Letlhakane enhances Lotus’ Kayelekera mission, in Malawi, which is ready to restart uranium manufacturing within the third quarter of 2025. Lotus plans to progress Letlhakane’s growth in parallel with the Kayelekera restart.
Letlhakane’s revised MRE additional underlines its potential as a large-scale, standalone uranium growth mission, the corporate says.
“We at the moment are targeted on finishing mining optimisation research, course of flowsheet growth and related value estimates to arrange an up to date scoping examine for launch through the third quarter of 2025.
“This drill programme has additionally supplied useful perception into alternatives for additional mineral useful resource progress which we are going to look to pursue throughout infill drilling subsequent yr that may search to transform extra of the remaining inferred materials into indicated standing,” Bittar outlines.
