Lotus Resources Ltd. (ASX:LOT; OTCQX:LTSRF) - Letlhakane Scoping Targets Higher Grades, Potential Optimization, ISR - Research Portal

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Lotus Resources Ltd. (ASX:LOT; OTCQX:LTSRF) - Letlhakane Scoping Targets Higher Grades, Potential Optimization, ISR - Research Portal

Lotus Resources announced the results of a scoping study, completed at its 100%-owned Letlhakane uranium project in Botswana. The study outlined a 7M tpa operation producing 3M lbs U3O8 (in line with our estimates), totaling 42.3M lbs over a 15-year LOM, assuming a uranium price of US$80/lb. Initial Capex of US$465M is higher than our estimate of US$350M due to the inclusion of a US$71.5M acid plant. Opex of US$42/lb also exceeds our estimate of