Kayelekera’s mineral zone has expanded

Lotus Resources Limited says its recent drilling programme has expanded the known mineralised zone by up to 100 metres at Kayelekera Uranium Mine.

In a statement issued last Thursday, the company said it will issue an updated Mineral Resource Estimate (MRE)  for the Kayelekera Project during the first quarter of 2022.

Reads the statement in part: “A total of eight holes were also drilled at the Kayelekera South prospect, which is located approximately two kilometres south of the current Kayelekera pit.

“The area comprises several airborne radiometric anomalies. In the Target one area, drill hole LRC033 successfully intersected two metre [m] grading 817ppm U3O8 from a depth of 28m.

“This drill hole represents the first intersection of  significant uranium mineralisation outside the known mineral resource area.”

In an interview yesterday, the company’s managing director Keith Bowes said 2022 is shaping up to be an important year for the company.

He said: “The results from our first uranium exploration programme were very encouraging as we were able to confirm that shallow mineralisation does extend outside of the existing pit shells.

“This will likely have a positive impact on the existing mineral resource, which we plan to update later this  quarter.”

Catholic Commission for Justice and Peace of Karonga Diocese desk officer Louis Nkhata, whose office has been monitoring mining issues in the district, said the expansion was a positive development towards the growth of the mining sector in Malawi.

“However, such expansion should not just benefit the company, when mining starts, people in the mining area should also see the benefits,” he said.