Lotus Resources Says Sulfuric Acid Supply Issues To Delay Full Month Steady State Production At Malawi Uranium Mine
MT Newswires Live
2 hours ago
Lotus Resources (ASX:LOT) said the issue of sulfuric acid availability will most likely delay achieving full month steady-state uranium production at its Kayelekera uranium mine in Malawi of around 200,000 pounds per month, which is now forecast to occur in the June quarter, according to a Thursday Australian bourse filing.
The commissioning of the acid plant remains on schedule to occur in March.
It began deliveries that are expected to alleviate sulfuric acid supply issues and support the ramp up of the mine to steady-state production in the coming months.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.