Kayelekera in Malawi is WhyAfrica’s Pick Of The Week
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Kayelekera in Malawi is WhyAfrica’s Pick Of The Week
The first blast at Lotus Resources’ Kayelekera uranium mine is a significant milestone.
The first blast at Lotus Resources’ Kayelekera uranium mine couldn’t have happened at a better time.
With a bullish outlook for uranium and rising spot prices, Kayelekera is well positioned to take advance of the increased demand driven by the global energy transition.
Kayelekera is one of the world’s lowest-cost uranium projects, with a Definitive Feasibility Study (DFS) confirming an ore reserve of close to 23 million lbs U₃O₈, and a total mineral resource of ~51 million lbs.
Key milestones at Kayelekera
Moreover, Lotus has already secured offtake agreements for more than 40% of its early-stage production between 2026 and 2029 at fixed prices.
The first blast at the open pit mine is a key milestone that will enable Lotus to transition from processing previously mined ore stockpiles to include new run-of-mine (ROM) ore from Kayelekera.
Lotus’ ramp up to a steady-state uranium production level of 200,000 lbs of U3O8 per month at Kayelekera remains on track for the first quarter of 2026.
According to Lotus Resource’s Director Greg Bittar the commencement of drill and blast activities marks another major milestone for the Kayelekera uranium mine.
“The stockpiles we have been processing continue to outperform our expectations, and the transition to freshly mined ore will support the ramp-up trajectory.
“The site team’s methodical planning and disciplined approach continues to support the momentum we’ve maintained as we bring Kayelekera back into production, positioning Lotus as a global uranium producer at a very exciting time for the energy sector,” says Bittar.
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WhyAfrica tracks early-stage mineral exploration and development projects across Africa.
The WhyAfrica team visited Kayelekera in 2024 as part of our 2024 WhyAfrica overland Road Trip through South Africa, Zimbabwe, Malawi, Tanzania and Kenya.
WhyAfrica specialises in the sustainable use and responsible development of Africa’s natural resources.
Kayelekera in Malawi is WhyAfrica’s Pick Of The Week