Key Points
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Lotus starts infill drilling for Letlhakane uranium in Botswana.
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The program strengthens confidence in Botswana’s uranium potential.
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Market outlook favors nuclear and uranium growth worldwide.
Lotus Resources Ltd., an Australian company that develops uranium, has started an infill drilling program at its Letlhakane project in Botswana. The goal is to increase confidence in the resources at one of southern Africa’s largest undeveloped uranium deposits.
The program, which started this week, will tighten the spacing of drills in certain areas of the deposit. This is expected to change a large part of the resource from the inferred to the indicated category. Experts say this step is very important for moving Letlhakane closer to feasibility studies and eventually production.
Lotus begins infill drilling for uranium at Letlhakane
The campaign will include about 15,000 meters of drilling, and the results should be available in the first half of 2026, according to company officials. Keith Bowes, the Managing Director of Lotus, said that the work will help gather the geological data needed for detailed mine planning. He said, “Infill drilling at Letlhakane will give us the confidence we need to make long-term development decisions.”
According to a report by Mining review, Bowes said that investors are still interested in the project because Botswana has a stable political climate and policies that are good for mining. This is especially true now that uranium prices are going up because more people are interested in nuclear energy.
Making people more sure about Botswana’s uranium potential
Letlhakane is thought to be one of the best uranium assets in Africa, with a current resource estimate of more than 120 million pounds of U3O8. People have long thought that the deposit was important for making Botswana’s mining industry more diverse, since it still relies heavily on diamonds.
Lotus’ choice to keep drilling is a sign that mining experts are hopeful about the uranium market’s recovery. “Uranium is back in the spotlight, and developers like Lotus want to be ready when demand peaks,” said Lebogang Ndlovu, a commodities analyst based in Johannesburg.
The market outlook is good for nuclear and uranium growth
The company is making this move because people around the world want cleaner energy sources, and nuclear power is becoming more and more important in the transition to net zero. The price of spot uranium has gone up more than 25% in the last year, making projects that were once on the edge of being profitable more appealing.
If Letlhakane develops well, Botswana could get new jobs, royalties, and less dependence on diamond exports. Lotus sees this as a chance to become a major player in Africa’s uranium supply chain.
If the drilling program goes well, it should open the door to feasibility studies, talks about financing, and possible partnerships with utilities that want to make sure they have a steady supply for a long time.
