Lotus Delivers First High-Grade Ore, Targets 65% Throughput by January 2026
Lotus Resources has achieved a key milestone at its Kayelekera Uranium Mine with the first high-grade ore delivered to the ROM pad, setting the stage for steady-state production targeted in early 2026. The company has also secured multiple sulphuric acid suppliers and is on track to commission its acid plant to ease supply constraints and reduce costs.
- First high-grade ore delivered to ROM pad at Kayelekera
- Steady-state production targeted for Q1 2026
- January throughput expected at 50-65% of nameplate capacity
- New sulphuric acid supply contracts secured from multiple countries
- Acid plant commissioning on schedule to reduce processing costs
Milestone Achieved at Kayelekera
Lotus Resources Limited has marked a significant step forward in its uranium mining operations with the delivery of the first high-grade ore to the run-of-mine (ROM) pad at its Kayelekera Uranium Mine in Malawi. This milestone follows the commencement of blasting activities last month and signals the transition from development to production phases as the company ramps up towards steady-state output.
Production Ramp-Up and Targets
The company is targeting steady-state production during the first quarter of calendar year 2026. For January, Lotus expects to achieve between 50% and 65% of the mill’s nameplate throughput capacity, equating to 100-130 tonnes per hour. A significant increase in production throughput is planned for February, reflecting confidence in overcoming initial operational constraints.
Addressing Supply Chain Challenges
One of the critical challenges Lotus faced was securing a reliable supply of sulphuric acid, essential for uranium processing. The company has proactively expanded its supplier base, now contracting with three suppliers across South Africa and Zambia, and has ensured all necessary transport permits are in place. This diversification aims to mitigate previous supply bottlenecks that had constrained production.
Acid Plant Commissioning on Track
Complementing these supply arrangements, Lotus is progressing with the rebuild of its on-site acid plant, expected to commence operations in Q1 2026. The acid plant will not only alleviate reliance on external suppliers but is also anticipated to deliver processing cost savings, enhancing the mine’s operational efficiency and long-term sustainability.
Financial Position Supports Growth
Lotus maintains a robust financial position with A$73.9 million in cash as of 30 November 2025, providing a solid foundation to support ongoing operations and capital projects. This liquidity buffer is particularly important as the company navigates the production ramp-up phase and addresses supply chain complexities.
Looking Ahead
With mining equipment fully on site and pit access ramps completed, Lotus is well positioned to accelerate production in the coming months. The company’s strategic focus on supply chain diversification and infrastructure upgrades underscores its commitment to operational resilience and cost control as it moves toward steady-state production.
Bottom Line?
Lotus Resources is poised to transform operational milestones into sustained production growth, but supply chain execution and plant commissioning will be critical to watch.
Questions in the middle?
- Will the acid plant commissioning meet the Q1 2026 timeline without delays?
- How will increased production volumes impact Lotus’s cost structure and margins?
- What are the risks if sulphuric acid supply disruptions reoccur despite new contracts?
