Connect with us

Energy & Critical Metals

Livingstonia resource estimate bumps up Lotus’s total Malawi pounds to 51.1Mlbs uranium

Special Report: Lotus Resources has released the inaugural Mineral Resource estimate (MRE) for the Livingstonia Uranium deposit of 6.9 Mt … Read More
The…

Published

on

This article was originally published by Stockhead

Lotus Resources has released the inaugural Mineral Resource estimate (MRE) for the Livingstonia Uranium deposit of 6.9 Mt at 320 ppm U3O8 – a nice bump up for the company’s total global MRE in Malawi to 51.1Mlbs U3O8.  

The company acquired the project last year, consolidating its ownership of the southern project area, a known uranium mineralised district that has had very limited exploration work completed over the years.

And there could be room to grow the resource even further.

Lotus Resources (ASX:LOT) says the Livingstonia Inferred Mineral Resource suggests the presence of two higher-grade areas of mineralisation potentially controlled by faulting within the deposit area, similar to that at the nearby Kayelekera deposit.

Further targeted infill and extension drilling could have the potential to both increase the grade and amount of mineralisation within the deposit.

Pic: The company’s Malawi uranium projects.

Potential satellite operation

The company is working towards restart of Kayelekera which could potentially be one of the first uranium projects to recommence production in the future.

A Definitive Feasibility Study (DFS) is on track for completion mid-2022, and while Livingstonia is not included, the company says it has the potential to become a satellite operation in the future.

“Livingstonia is not part of the current production strategy at the Kayelekera project nor our DFS work, however it has the potential to become a satellite operation in the future, once the Kayelekera resource has been depleted,” MD Keith Bowes says.

“The results show that there are additional feed materials available for the Kayelekera processing plant and that the life- of-mine is not limited by what currently exists on the mining tenement.”

 


 

 

This article was developed in collaboration with Lotus Resources Limited, a Stockhead advertiser at the time of publishing.

 

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Livingstonia resource estimate bumps up Lotus’s total Malawi pounds to 51.1Mlbs uranium appeared first on Stockhead.


Energy & Critical Metals

As Chicago Crime Sends Businesses Packing, Scientists Create Algorithm To Detect In Advance

As Chicago Crime Sends Businesses Packing, Scientists Create Algorithm To Detect In Advance

Chicago’s legendary crime has caused businesses…

Continue Reading
Energy & Critical Metals

Uranium Energy Corp. (UEC): Find Out What Insiders Are Doing

Uranium Energy Corp. (AMEX:UEC) finished Thursday with a subtraction of -$0.1 to close at $3.08, a downside of -3.14 percent. An average of 9,575,680 shares…

Continue Reading
Energy & Critical Metals

Ur-Energy Inc. (AMEX:URG) Drops -1.85%, But A Strong Recovery May Be Imminent

In last trading session, Ur-Energy Inc. (AMEX:URG) saw 2.41 million shares changing hands with its beta currently measuring 1.37. Company’s recent per…

Continue Reading

Trending