Lotus Resources

Our Letlhakane Uranium Project in Botswana, Africa, is one of the largest undeveloped uranium projects, with a resource base of 142Mt at 363ppm U3O8 for 113.7Mlb contained uranium (RPEEE basis); 50% of which is Measured & Indicated.

An updated Scoping Study completed in March 2025 demonstrated annual uranium production of ~3Mlb U3O8 over a 10-year Life of Mine.

Lotus has advanced trade-off studies to minimise acid consumption and eliminate solvent extraction, to improve Letlhakane’s capex and operating metrics. A further infill drill program is aimed at bringing additional resources into the Measured & Indicated categories, supporting a PFS expected to be completed later in 2026.

Lotus is focused on creating value for its shareholders, its customers and the communities in which it operates, working with local communities to provide meaningful, lasting impact. Lotus is focused on our future.

Management Profile

Greg Bittar, Managing Director

Mr Bittar is an accomplished capital markets/finance and resource industry executive with 25 years of experience. Mr Bittar brings extensive experience from positions held across investment banking, metals and mining and energy companies in relation to funding, exploration, M&A, project evaluation and project development studies.

Mr Bittar is currently a Non-Executive Director of Horizon Oil (ASX: HZN) and holds an Economics (BEc) degree and Law (LLB) degree from the University of Sydney and a Masters in Finance from London Business School.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Continued progress towards the restart of the Kayelekera Uranium Project, further offtake sales contracts and optimising the studies and work on Lethlakane.

6 Months:

Commence processing and production of uranium from the Kayelekera Uranium Project

12 Months:

Steady state production at an annualised rate of 2.4 million lbs per annum, first uranium shipment, positive cashflow and delivery of a PFS for the Letlhakane Project in Botswana.

What do you think makes your company such a compelling investment?

A signifciant uranium producer, now in production, ramping up to steady state with a second highly accretive project in a rising uranium price environment.