Lotus Resources - LOT (ASX) News & Expert Insights from Stockhead

Lotus Resources Limited (“Lotus”) is an Australian-based minerals exploration and development company. The Company’s key asset is a 65% ownership of the Kayelekera Uranium Project located in northern Malawi, Africa.

Kayelekera Uranium Project (“Kayelekera” or the ”Project”) is a large 157km² tenement package with excellent exploration potential and hosts a high grade resource with an existing open pit mine and demonstrated excellent metallurgical recoveries. The remaining 35% is held by Lotus’s joint venture partner Kayelekera Resources Pty Ltd (20%) and the Government of Malawi (15%).

Lotus will continue to explore ways to advance the Hylea Cobalt Project in NSW.

KEY PEOPLE

Mr. Keith Bowes 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 project 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).

Mr Bowen is a partner of the national law firm Thomson Geer. He practices primarily corporate, commercial and securities law with over 40 years of experience and emphasis on mergers, acquisitions, capital raisings and resources.

He is also a Non-Executive Director of ASX listed company Omni Bridgeway Limited, where he is chair of the remuneration committee and a member of the audit and risk, corporate governance and nomination committees.

Grant Davey is an entrepreneur with 30 years of senior management and operational experience in the development, construction and operation of precious metals, base metals, uranium and bulk commodities throughout the world.

More recently, he has been involved in venture capital investments in several exploration and mining projects and has been instrumental in the acquisition and development of the Honeymoon uranium mine in South Australia, the Panda Hill niobium project in Tanzania, the Superior Lake zinc project in Ontario, the Cape Ray gold project in Newfoundland and recently the acquisition of the Kaylekera Uranium mine in Malawi from Paladin.

Mr Hanlon has over 25 years of experience in the resources and resource services sector, as well as in commercial and merchant banking.

He has a broad background of senior executive experience across a wide range of industries including mining and mining services. Mr Hanlon is currently a Non-Executive Director with ASX listed company Red River Resources Limited where he also chairs the audit and risk committee.

He is also Non-Executive Chair of ASX listed company, Copper Strike Limited.