ASX-listed Lotus Resources has reduced the care-and-maintenance cost at its recently acquired Kayelekera uranium project, in Malawi, by some 75%, as the company advances certain restart activities.
Lotus on Thursday told shareholders that care and maintenance costs for the mine have been reduced from $5-million set aside in 2019, to $1.2-million, with the number of full-time employees on-site reduced from 116 to 16.