Proven Uranium Producer Poised for the Expected Boom with Lotus Resources’ Keith Bowes скачать в хорошем качестве

Proven Uranium Producer Poised for the Expected Boom with Lotus Resources’ Keith Bowes

Lotus Resources’ flagship Kayelekera uranium mine in Malawi is a proven past producer. Lotus owns 85% of the Kayelekera mine, which was acquired from Paladin Energy in the beginning of 2020. Kayelekera produced about 11Mlbs from 2009 to 2014 before being put on care and maintenance due to low uranium prices. The mine has an existing resource of 37.5Mlbs at 630 ppm U3O8 as well as multiple near-mine exploration targets. A scoping study was completed that estimates only US$50M capex is needed to recommence production. It is anticipated that the feasibility study would be completed in Q2 2022, followed by a production decision in early 2023. Then after an estimated 12-to-15-month refurbishment period, uranium ore could be feeding the plant again by early 2024. Lotus management believes this timeline fits well with the expected uranium price boom and offers investors an attractive risk-reward investment value proposition with substantial upside. Keith Bowes is the managing director of Lotus Resources. He is a highly regarded mining executive with over 20 years of experience working on project development and operations in Africa, South America and Australia across a range of commodities and processes. Keith managed the Boss Resources’ redevelopment program for the Honeymoon Uranium Mine, including all study phases and commercial trials of the new processing technology. As part of the study he led the development in the application of two new technologies that have redefined the Honeymoon opportunity (leach chemistry and IX resins). 0:00 Introduction 1:19 Kayelekera uranium mine overview 3:05 Does Kayelekera have any fatal flaws? 5:39 Lotus’ relationship with Paladin Energy 5:59 Lotus owns 85% of Kayelekera 6:27 Argument for undervaluation 8:39 Scoping study 12:05 US$50M refurbishment capex needed 12:33 Feasibility study 14:27 Feasibility study to include additional exploration? 16:07 Uranium price contracting 17:59 Timeline of advancement 19:14 Malawi as a mining jurisdiction 21:30 Permitting 22:36 Keith Bowes’ qualifications 24:16 Treasury, debt and burn rate 26:39 Share registry 27:13 Upcoming catalysts Tickers: LOT:ASX - LTSRF:OTC Corporate presentation: https://www.miningstockeducation.com/... Website: https://lotusresources.com.au/ Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 Lotus Resources is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred. #uranium #uraniumstocks #miningstocks