Australia's Lotus Resources jumps on Botswana uranium project update

Lotus Resources

12/03/2025 24:35

** Shares of Australia's Lotus Resources LOT.AX rise 4.6% to A$0.173

** The uranium miner announces results of updated scoping study for its Letlhakane project in Botswana

** Says scoping study confirmed potential for the project to emerge as a major uranium operation

** Adds Letlhakane's update complements production at the Kayelekera project in Malawi, which is on track to restart in the Q325

** Stock down 16.3% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))