Loading..

Lotus Resources Limited (LOT) Report Analysis

Corporate Events

Neutral

Lotus Resources Limited Presents at Red Cloud S...

2022-06-17 08:35:00

Lotus Resources Limited Presents at Red Cloud Summer Uranium Conference 2022, Jun-23-2022 .

Neutral

Red Cloud Financial Services Inc., Red Cloud Su...

2022-06-16 04:20:00

Red Cloud Financial Services Inc., Red Cloud Summer Uranium Conference 2022, Jun 23, 2022.

Positive

Lotus Resources Limited Announces Resource Incr...

2022-06-08 22:18:00

Lotus Resources Limited announced the inaugural Mineral Resource estimate (MRE) for the Livingstonia Uranium deposit of 6.9Mt at 320 ppm U3O8....

Positive

Lotus Resources Limited Announces the Results o...

2022-04-11 22:23:00

Lotus Resources Limited announced the results of the reverse circulation (RC) drilling program at its Livingstonia prospect, located approxima...

Neutral

Lotus Resources Limited Presents at NWR Communi...

2022-03-25 01:49:00

Lotus Resources Limited Presents at NWR Communications Near Term Producers Virtual Conference, Mar-30-2022 02:55 PM. Speakers: Keith Bowes, MD...

Positive

Lotus Resources Limited Announces the Commencem...

2021-11-29 21:30:00

Lotus Resources Limited announced the commencement of drilling at the recently acquired Livingstonia tenement and at regional prospects in Mal...

Neutral

Lotus Resources Limited Presents at NWR Virtual...

2021-10-14 22:09:00

Lotus Resources Limited Presents at NWR Virtual Resources Series, Oct-19-2021 12:25 PM. Speakers: Keith Bowes, Managing Director.

Neutral

NWR Communications Pty Ltd, NWR Virtual Resourc...

2021-10-14 21:16:00

NWR Communications Pty Ltd, NWR Virtual Resources Series, Oct 19, 2021.

Neutral

Lotus Resources Limited Presents at Uranium, St...

2021-10-14 00:52:00

Lotus Resources Limited Presents at Uranium, Strategic and Precious Metals Investor Conference 2021, Oct-19-2021 10:30 AM. Speakers: Keith Bow...

Positive

Lotus Resources Limited (ASX:LOT) acquired Livi...

2021-10-14 00:00:00

Lotus Resources Limited (ASX:LOT) acquired Livingstonia uranium project for $0.03 million on October 14, 2021. The project, which is located s...

Positive

Lotus Resources Limited Acquires 6 Million Lb L...

2021-10-13 21:21:00

Lotus Resources Limited announced the acquisition of the 6Mlb U3O8 Livingstonia Uranium Project (Livingstonia) located 90km from the Company's...

Neutral

Lotus Resources Limited, Annual General Meeting...

2021-10-04 05:47:00

Lotus Resources Limited, Annual General Meeting, Nov 29, 2021, at 10:00 W. Australia Standard Time. Location: Emerald House, 1202 Hay Street W...

Positive

Lotus Resources Limited (ASX:LOT) completed the...

2021-09-30 00:00:00

Lotus Resources Limited (ASX:LOT) agreed to acquire additional 20% stake in Lily Resources Pty Limited from Kayelekera Resources Pty Ltd. for ...

Neutral

Lotus Resources Limited Presents at Red Cloud O...

2021-09-29 19:53:00

Lotus Resources Limited Presents at Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct-20-2021 09:00 AM.

Neutral

Lotus Resources Limited - Special Call

2021-09-20 02:16:00

Lotus Resources Limited - Special Call

Positive

Lotus Resources Limited Announces Drilling Comm...

2021-09-15 22:26:00

Lotus Resources Limited announced that exploration activities, including reverse circulation (RC) drilling, have commenced at the Milenje Hill...

Neutral

Red Cloud Securities, Inc., Red Cloud Oktoberfe...

2021-09-14 21:26:00

Red Cloud Securities, Inc., Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct 18, 2021 through Oct 20, 2021.

Positive

Lotus Resources Limited Announces Mining and Ex...

2021-09-13 22:16:00

Lotus Resources Limited announced the renewal of the company's mining and exploration licences for its Kayelekera Project (Kayelekera or the P...

Positive

Lotus Resources Limited Commences A Definitive ...

2021-09-08 14:08:00

Lotus Resources Limited announced that it has commenced a Definitive Feasibility Study (DFS or the Study) for the company's Kayelekera Uranium...

Positive

Lotus Resources Limited Announces the Results f...

2021-08-25 22:19:00

Lotus Resources Limited announced the results from the second round of ore sorting testwork which has further improved upon the already impres...

Positive

Lotus Resources Limited (ASX:LOT) acquired Kayl...

2021-08-13 00:00:00

Lotus Resources Limited (ASX:LOT) acquired Kaylekera Uranium asset from Paladin Energy Limited (ASX:PDN) recently.

Positive

Sunrise Energy Metals Limited (ASX:SRL) complet...

2021-08-13 00:00:00

Sunrise Energy Metals Limited (ASX:SRL) reached an agreement to acquire Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT) for AUD 2....

Positive

Lotus Resources Limited Announces Excellent Res...

2021-07-04 23:29:00

Lotus Resources Limited announced excellent results have been achieved in the initial phase of ore sorting testwork, with the grade of the ore...

Neutral

Lotus Resources Limited, Special/Extraordinary ...

2021-06-30 08:33:00

Lotus Resources Limited, Special/Extraordinary Shareholders Meeting, Jul 30, 2021, at 10:00 W. Australia Standard Time. Location: Emerald Hous...

Neutral

Lotus Resources Limited Presents at Red Cloud Summer Uranium Conference 2022, Jun-23-2022

2022-06-17 08:35:00

Lotus Resources Limited Presents at Red Cloud Summer Uranium Conference 2022, Jun-23-2022 .

Neutral

Red Cloud Financial Services Inc., Red Cloud Summer Uranium Conference 2022, Jun 23, 2022

2022-06-16 04:20:00

Red Cloud Financial Services Inc., Red Cloud Summer Uranium Conference 2022, Jun 23, 2022.

Positive

Lotus Resources Limited Announces Resource Increases to 51.1Mlbs U3o8 Following Inaugural Resource At Livingstonia Uranium Deposit

2022-06-08 22:18:00

Lotus Resources Limited announced the inaugural Mineral Resource estimate (MRE) for the Livingstonia Uranium deposit of 6.9Mt at 320 ppm U3O8. This increases the total global MRE for the Company in Malawi to 51.1Mlbs U3O8. The MRE has been reported above a cut-off grade of 200ppm U3O8 reflecting estimated processing costs and recoveries as well as projected product pricing Using the historic resource reporting cut-off of 150ppm, the updated MRE reports a total 6.5Mlbs U3O8 which represents an increase of 0.5Mlbs U3O8 from the historic numbers (ASX announcement 14 October 2021). The geology of the area comprises a westerly dipping series of interbedded Karoo mudstones andarkoses/sandstones (Table 2). Uranium mineralisation follows a north-westerly trending channel system that is developed within the K3, K4 and K5 stratigraphic units. The MRE is defined by a total of 12,113m of drilling completed in 102 vertical drillholes (Appendix 1, Figure 3). Of this total 9,903m (82 holes) were completed between 2007 and 2011 by the previous owners, Globe Uranium Limited ("Globe") and Resource Star Ltd. In 2021, Lotus completed an additional 20 holes for 2,210m within and adjacent to the resource. The most recent program targeted extensions of the known mineralisation and confirmation of existing drilling. The majority of drillholes within the mineral resource estimate used reverse circulation drilling techniques with drill recoveries reported to be good. The central portion of the deposit is drilled on a variable grid due to drill site access issues, with drill distances ranging from 50m to 300m east-west and 50m to 200m north-south. The grid separation expands away from the centre of the deposit area. All drilling was vertical with a range between 70m and 170m and an average length of 120m. The principal sampling method for all drilling completed has been by downhole geophysical gamma logging. Data was acquired on the way up at a 2.5m/min speed and at a frequency of 5cm. Data was collected using either a Century Geophysical probe or Auslog slimline total count gamma probe with data for the most recent drilling processed by Lotus. The majority of holes were logged open-hole following withdrawal of the drilling rods. For the early Globe drilling, the entire drill hole was also sampled for assay with later drilling only sampling mineralised intervals definedby either examination of the downhole logs or hand-held scintillometers. The drilling in this announcement relies on assays and downhole gamma data from calibrated probes which were converted into equivalent uranium values (eU3O8) by experienced personnel and then confirmed by a competent person (geophysics). The final mineral resource dataset has been factored for disequilibrium identified by comparing downhole gamma results and geochemical assays. For the most recent drilling mineralised intervals, defined by a 200ppm eU3O8 cut off over a minimum thickness of 1m, were selected for sampling. These samples were analysed for uranium by ALS Laboratories in Johannesburg using pressed powder XRF. Sampling during historical drilling programs was either the entire hole (early) or intervals selected based on radiometric response (later) and utilised an aqua regia digest with either an ICP-OES or MS finish at either ACME Laboratories in Vancouver or Genalysis in Perth. Gamma probes were historically calibrated at either the facility in Adelaide (Australia), Pelindaba (South Africa) and more recently at the nearby Kayelekera Minesite. Sensitivity checks were routinely performed on the probes to confirm correct operation. Gamma data (as counts per second) from calibrated probes are converted into equivalent uranium values (eU3O8) using appropriate calibration factor (K factor) and all other applicable correction factors (probe dead times, water, hole diameter and disequilibrium).

Positive

Lotus Resources Limited Announces the Results of the Reverse Circulation Drilling Program At Its Livingstonia Prospect

2022-04-11 22:23:00

Lotus Resources Limited announced the results of the reverse circulation (RC) drilling program at its Livingstonia prospect, located approximately 90km from the Kayelekera uranium mine (Kayelekera or the Project) in Malawi. Whilst not part of the current Definitive Feasibility Study (DFS), Livingstonia has the potential to become a satellite deposit in the future. The Livingstonia exploration tenements are located in northern Malawi, approximately 90km southeast of the company's Kayelekera uranium mine. Combined with the company's Chilumba tenements, this region covers 300km. In December 2021, the company commenced its inaugural uranium exploration drill program at Livingstonia. The program consisted of 3,395 metres in 29 vertical RC drill holes, targeting areas both within and peripheral to the existing Mineral Resource to test the margins of the resource estimate for further extensions. The drilling was caried out by Thompson Drilling Lda (Mozambique) with downhole radiometric (gamma) logging undertaken by experienced local contractors under the supervision of Lotus geologists. Selected mineralized intervals were analysed for uranium by ALS Laboratories in Johannesburg. The focus of the RC program was on the northern margins and north-eastern extensions of the known mineralized trend. The holes completed in these locations were designed to either define extensional mineralization or increase the confidence in the existing resource classification. The best results of 4m grading 983 ppm U3O8 and 4m grading 636ppm U3O8 are located to the north of the existing resource limits and extend the previous resource limits by up to 250m. Several holes were completed within the existing resource limits in order to validate the historic resource. Following these results, the Company intends to prepare an updated Mineral Resource estimate, which is anticipated to be completed during second quarter 2022.

Neutral

Lotus Resources Limited Presents at NWR Communications Near Term Producers Virtual Conference, Mar-30-2022 02:55 PM

2022-03-25 01:49:00

Lotus Resources Limited Presents at NWR Communications Near Term Producers Virtual Conference, Mar-30-2022 02:55 PM. Speakers: Keith Bowes, MD & Director.

Positive

Lotus Resources Limited Announces the Commencement of Drilling At Livingstonia Tenement

2021-11-29 21:30:00

Lotus Resources Limited announced the commencement of drilling at the recently acquired Livingstonia tenement and at regional prospects in Malawi. Livingstonia has the potential to become a satellite operation from which material could be transported to the Company's Kayelekera Uranium facility. Exploration Underway At Livingstonia: The Livingstonia uranium exploration tenements are located in Northern Malawi, approximately 90km southeast of the Company's Kayelekera Uranium Mine. Combined with the Chilumba Project, this region covers 300km2. The Company commenced consolidation of this prospective region in 2021, and this is the first uranium exploration to be undertaken in the area in more than a decade. The project is still very much in an early exploration phase with the planned work program consisting of an RC drilling program totalling 30 drillholes for approximately 4,000m, consisting of: 6 holes within the historical resource boundary as part of the QAQC process align with JORC 2012; 14 holes targeting extensional opportunities that will target resource growth; and 10 holes to follow up on anomalies that may be used as future targeting, including four holes that will be drilled at the Chilumba prospect located 10 km from Livingstonia.

Neutral

Lotus Resources Limited Presents at NWR Virtual Resources Series, Oct-19-2021 12:25 PM

2021-10-14 22:09:00

Lotus Resources Limited Presents at NWR Virtual Resources Series, Oct-19-2021 12:25 PM. Speakers: Keith Bowes, Managing Director.

Neutral

NWR Communications Pty Ltd, NWR Virtual Resources Series, Oct 19, 2021

2021-10-14 21:16:00

NWR Communications Pty Ltd, NWR Virtual Resources Series, Oct 19, 2021.

Neutral

Lotus Resources Limited Presents at Uranium, Strategic and Precious Metals Investor Conference 2021, Oct-19-2021 10:30 AM

2021-10-14 00:52:00

Lotus Resources Limited Presents at Uranium, Strategic and Precious Metals Investor Conference 2021, Oct-19-2021 10:30 AM. Speakers: Keith Bowes, Managing Director.

Positive

Lotus Resources Limited (ASX:LOT) acquired Livingstonia uranium project for $0.03 million.

2021-10-14 00:00:00

Lotus Resources Limited (ASX:LOT) acquired Livingstonia uranium project for $0.03 million on October 14, 2021. The project, which is located some 90 km southeast of Lotus’ Kayelekera uranium project, hosts an historical inferred mineral resource of some 8.3-million tonnes, grading 325 parts per million for six-million pounds of uranium oxide (U3O8). Lotus Resources Limited (ASX:LOT) completed the acquisition of Livingstonia uranium project on October 14, 2021.

Positive

Lotus Resources Limited Acquires 6 Million Lb Livingstonia Uranium Project in Malawi

2021-10-13 21:21:00

Lotus Resources Limited announced the acquisition of the 6Mlb U3O8 Livingstonia Uranium Project (Livingstonia) located 90km from the Company's Kayelekera Uranium Project in Malawi. This acquisition increases the Company's mineral resource base as well as having the potential to become a future satellite operation for the Company. The Livingstonia Uranium Project is located in Northern Malawi, approximately 90km southeast of the Company's Kayelekera Uranium Mine. The Livingstonia Project is hosted in the prospective Karoo-equivalent sedimentary sequence which is also host to the main deposit associated with Lotus' Kayelekera Uranium Mine. Livingstonia hosts a historical Inferred Mineral Resource of 8.3Mt at 325ppm eU3O8 for 6.0Mlb of contained U3O8 at a cut-off grade of 150 ppm eU3O8. The Mineral Resource Estimate (MRE) was prepared by independent consultants CSA Global in 2011 and reported in accordance with the JORC Code (2004) to the ASX by Resource Star Limited, a former uranium and speciality metals exploration company. Exploration potential exists in a number of areas around the existing Livingstonia Resource, including: East of the northern end of the Mineral Resource outline, where drilling defined excellent broad zones of mineralisation that have not been closed off; Along strike from the interpreted NW trending zone of the broad, higher grade mineralization defined in the 2010 drilling within the Mineral Resource outline; Within the Mineral Resource outline where interpretation suggests that earlier drilling did not drill through the full thickness of the host sequence; and In the lower grade zone to the south, where sparse drilling indicates potential for defining offshoots of higher grade mineralisation within the system and within the areas defined as resource potential by CSA Global. Livingstonia North, which is already held by the Company, is situated directly along-trend of the Livingstonia uranium resource, with drilling at the northern end of the Livingstonia deposit supporting a continuation of mineralisation into Livingstonia North. The airborne radiometric anomaly at Livingstonia is coincident with the resource and this anomaly continues into Livingstonia North. A parallel radiometric anomaly also exists in Livingstonia North that may indicate additional mineralisation. Limited drilling has been undertaken at Livingstonia North, but the region is considered highly prospective for additional mineralisation due to both the continuation of the Livingstonia radiometric anomaly and the parallel radiometric anomaly. The next stages for the Company will include ground-based exploration and sampling along the Livingstonia North trend as well as an RC drill program to test the extensions of the Livingstonia mineral resource and investigate the potential higher grade zones within the resource boundary. The Company's current intention is to complete the work required to update the historical Livingstonia MRE to JORC 2012. The Company entered into a sale and purchase agreement with a local Malawian entity to acquire the Livingstonia Project for USD 25,000.

Neutral

Lotus Resources Limited, Annual General Meeting, Nov 29, 2021

2021-10-04 05:47:00

Lotus Resources Limited, Annual General Meeting, Nov 29, 2021, at 10:00 W. Australia Standard Time. Location: Emerald House, 1202 Hay Street West Perth Western Australia Australia Agenda: To consider adoption of remuneration report; to consider election of director Michael Bowen; to consider election of director Mark Hanlon; to consider re-election of director Grant Davey; to consider additional 10% issuance capacity; and to consider issue of options to Keith Bowes.

Positive

Lotus Resources Limited (ASX:LOT) completed the acquisition of additional 20% stake in Lily Resources Pty Limited from Kayelekera Resources Pty Ltd.

2021-09-30 00:00:00

Lotus Resources Limited (ASX:LOT) agreed to acquire additional 20% stake in Lily Resources Pty Limited from Kayelekera Resources Pty Ltd. for AUD 34 million on March 25, 2021. The transaction will be settled through issuance of approximately 230 million Lotus common shares. The transaction is subject to Lotus shareholders approval. The shareholders of Lotus reject the deal. A general meeting of Lotus shareholders is expected to be held on May 31, 2021. The transaction is expected to close on June 3, 2021. Lotus Resources Limited (ASX:LOT) completed the acquisition of additional 20% stake in Lily Resources Pty Limited from Kayelekera Resources Pty Ltd. subsequent to 30 June 2021.

Neutral

Lotus Resources Limited Presents at Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct-20-2021 09:00 AM

2021-09-29 19:53:00

Lotus Resources Limited Presents at Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct-20-2021 09:00 AM.

Neutral

Lotus Resources Limited - Special Call

2021-09-20 02:16:00

Lotus Resources Limited - Special Call

Positive

Lotus Resources Limited Announces Drilling Commences at High-Grade Milenje Hills Rare Earth Prospect

2021-09-15 22:26:00

Lotus Resources Limited announced that exploration activities, including reverse circulation (RC) drilling, have commenced at the Milenje Hills Rare Earth Prospect. This exploration program follows the discovery of high-grade rare earth oxide (REO) material related to uranium mineralization that grades up to 16% total REO and 3.4% critical REO. Following this program, the company will determine the optimal path forward to crystalise the value of the rare earth opportunity at Kayelekera for shareholders. Exploration at Milenje Hills: Milenje Hills is located 2km north of the Kayelekera open pit and was first identified through ground surveys and mapping in 2014 while exploring for uranium mineralisation adjacent to the Kayelekera uranium resource. Late in 2020, the company completed its initial work program at Milenje Hills to better define the nature and extent of the mineralisation which had not been fully outlined due to lack of surface exposure of the mineral bearing rocks. This initial work included trenching (17 total) and identified areas of interest to be the allanite bearing host rocks within two main lithology types; pegmatites and microgranites. Seventy samples were collected, of which 22 were mineralised. Assay results showed that both lithology types had attractive rare earth grades (average TREO 8% and average CREO 1.6% in the mineralised samples) with elevated TiO2 levels (3.4% vs. 2.1%). 2021 work program: the current activities include: extension of the geophysical dataset to include additional survey lines over the large anomaly identified in initial work; mapping in the broader area to define new mineralised zones; additional trenching with an excavator in new zones as well as deepening some of the previous trenches and extending others where good mineralisation was observed; 1,000 -2,000 metres of RC drilling to follow up on selected anomalies /mineralised zones identified from the trenching, mapping and geophysics; mineralogical testwork to better understand the REO host minerals, associations and sizing expected to commence in the fourth quarter of 2021; and initial physical beneficiation tests to confirm if producing a physical concentrate is viable expected to commence in the fourth quarter of 2021.

Neutral

Red Cloud Securities, Inc., Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct 18, 2021 through Oct 20, 2021

2021-09-14 21:26:00

Red Cloud Securities, Inc., Red Cloud Oktoberfest Fall Mining Showcase Conference, Oct 18, 2021 through Oct 20, 2021.

Positive

Lotus Resources Limited Announces Mining and Exploration Licenses Renewed At Kayelekera

2021-09-13 22:16:00

Lotus Resources Limited announced the renewal of the company's mining and exploration licences for its Kayelekera Project (Kayelekera or the Project). The Mining Licence, ML0152, which was signed by the Honourable Rashid Abdul Gaffar, Minister of Mines, on 1 September 2021 in accordance with the Mines and Minerals Act, has been renewed for 15 years.

Positive

Lotus Resources Limited Commences A Definitive Feasibility Study

2021-09-08 14:08:00

Lotus Resources Limited announced that it has commenced a Definitive Feasibility Study (DFS or the Study) for the company's Kayelekera Uranium Project. The Study follows strong results from multiple technical studies being undertaken which have indicated the potential for significantly enhanced outputs and returns compared to the Scoping Study released in October 2020. Kayelekera is a proven uranium operation, having successfully produced 11Mlbs U308 over five years (nameplate production capacity – 3Mlbs/annum), which ceased operations in 2014 due to sustained low uranium prices and was placed on care and maintenance. HIGHLIGHTS: DFS to assess the recommencement of production at Kayelekera is underway, expected to be completed by mid-2022; The Study will incorporate results from multiple technical studies (power supply, ore sorting, acid recovery and tailings) that have demonstrated the potential for reduced operating costs and increased production compared to the Scoping Study; Ore sorting testwork results indicate a significant step change for the Project, with results seeing grades increase by up to 100% when compared to the feed sample, with high recovery (up to 92%): Ore sorting provides the option to increase production rates and convert lower marginal grade ores that could extend the mine life; Initial results from the power study indicate a mix of power supply options incorporating connection to the national grid, solar power and energy recovery from the acid plant will be the most reliable and cost-effective option for Kayelekera: This could see power cost materially reduced compared to historical operations at Kayelekera and reduced CO2 emissions; Assessment of tailings storage facilities is ongoing, with the currently preferred option being to maximise storage in the existing facility and then co-disposal of tailings and waste rock in the depleted open pit: This option would reduce the life-of-mine capital cost compared to the Scoping Study; Acid was historically a significant component of the total operating costs (~14% C1 costs). Reducing acid consumption through ore sorting, installed nano-filtration plant and improved recirculation is being assessed.

Positive

Lotus Resources Limited Announces the Results from the Second Round of Ore Sorting Testwork Which Has Further Improved Upon the Already Impressive Results Seen in Phase One

2021-08-25 22:19:00

Lotus Resources Limited announced the results from the second round of ore sorting testwork which has further improved upon the already impressive results seen in phase one. This most recent testwork used a combination of sensors and also tested reduced crush sizes when compared to the original phase one results. Whilst the increase in uranium grade remained excellent, with increases of up to 100% compared to the feed material, this second round of results also saw recoveries increase from 86% in the original testwork to up to 92%. The Company tested two additional samples of run of mine ore (~500kg) at the STEINERT testing facility in Perth. The tests were completed in a commercial scale ore sorting unit, with one sample using a combination of the colour and density sensors. The second sample was tested with a finer crush size (10-30mm vs. the original 20- 60mm) to test the impact of particle size on separation efficiency. A total of three products were produced from each test the primary concentrate sample based on the colour sort, a middlings sample based on the density sort and a final tailings sample. Each of these samples were collected, weighed and prepared at the laboratory, then submitted for chemical assay. The results show that colour is the most effective sorting criteria. In the case of the coarser feed sample, the results indicate an upgrade ratio of 1.7 at recoveries of 86% or an upgrade ratio of 1.5 with 92% recovery (compared with upgrade ratio of 1.6 and recoveries of 71% in the original testwork). Testwork on the finer sample showed higher recoveries could be achieved (94% at 1.3 upgrade ratio) but that the quantity of fines generate by crushing to this finer size was substantial and adversely impacted the grade. In the data shown above, it is assumed that the fines material is added directly back into a final product stream, with no upgrading on that fraction. Lotus is currently undertaking additional testing on the finer sample material to see if it can be upgraded with more tradition techniques e.g., flotation, gravity and size separation (desliming etc). The results indicate similar mass splits to the original work, but that at an equivalent uranium recovery, the product grade is higher as indicated by the higher upgrade ratio. This means more uranium in the same mass which would allow increased production rates for the same tonnage treated. The upgrading of the fines portion of the feed material is ongoing, with results expected to be received in the coming months. The next phase of ore sorting testwork will incorporate the new samples from site including lower grade materials and other rock types treated at Kayelekera.

Positive

Lotus Resources Limited (ASX:LOT) acquired Kaylekera Uranium asset from Paladin Energy Limited (ASX:PDN).

2021-08-13 00:00:00

Lotus Resources Limited (ASX:LOT) acquired Kaylekera Uranium asset from Paladin Energy Limited (ASX:PDN) recently.

Positive

Sunrise Energy Metals Limited (ASX:SRL) completed the acquisition of Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT).

2021-08-13 00:00:00

Sunrise Energy Metals Limited (ASX:SRL) reached an agreement to acquire Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT) for AUD 2.7 million on April 20, 2021. Sunrise Energy Metals will acquire a 100% interest in Exploration Licences EL8520, EL8641 and EL8801 for $2.5 million, with $1 million payable in cash and 0.72 million shares, at the Company’s election, at completion. Completion is subject to receipt of Ministerial Approval for the transfer of the above Exploration Licenses. Sunrise Energy Metals Limited (ASX:SRL) completed the acquisition of Hylea Cobalt Project from Lotus Resources Limited (ASX:LOT) on August 13, 2021.

Positive

Lotus Resources Limited Announces Excellent Results Have Been Achieved in the Initial Phase of Ore Sorting Testwork, with the Grade of the Ore Sorting Product Increased by Up to 100%, Compared to the Original Feed Sample for the Kayelekera Project

2021-07-04 23:29:00

Lotus Resources Limited announced excellent results have been achieved in the initial phase of ore sorting testwork, with the grade of the ore sorting product increased by up to 100%, compared to the original feed sample for the Kayelekera Project (Kayelekera or the Project). Initial ore sorting testwork results on ~500kg of ore from the Project have exceeded expectations, with the uranium grades of the ore increasing by up to 100% when compared to the feed sample. This work validates the Company's view that ore sorting has the potential to both increase the feed grade (annual production) and extend the life-of-mine through utilisation of low-grade ores) as plant feed. Testwork will continue during third quarter of 2021 to further refine the results with this work focused on: Testing a combination of sensors on the ore sorter to further optimise results. Testing additional material types, including lower grade stockpiles. Current indications are that a single ore sorter for the Project would cost between USD 2 million USD 3 million. The results of further ore sorting testwork and associated engineering studies will be incorporated into the Feasibility Study which is expected to commence in third quarter of 2021. The Company tested two samples of run of mine ore (approximately 500kg) at the STEINERT testing facility in Perth. The two samples were tested in a commercial scale ore sorting unit, with one sample using only the colour sensor and the other sample, using only the density sensor. The sample as received was initially crushed to 100% passing 60mm and then screened at 20mm. The +20 mm -60mm material was delivered to STEINERT for testing. A total of three products were produced from each test a concentrate sample that represented a high-grade product, a middlings sample that represented a high recovery option and a tailings sample. Each of these samples were collected, weighed and prepared at the laboratory, then submitted for chemical assay. The mass splits, upgrade ratios (defined as product assay/head assay) and the distributions in each stream are shown below in Tables 1 and 2 for the colour sensor sorting and density sensor sorting respectively. The initial results indicate that colour sorting may be more effective on these specific ore types (86% recovery with an upgrade ratio of 1.6 versus recoveries of 71% at upgrade ratios of 1.5 using density) but there are indications that the density separation may produce a higher grade product. In the data shown above, it is assumed that the fines material is added directly back into a final product stream, with no upgrading on that fraction. Lotus is currently undertaking some testing on these fines to see if this material can be upgraded with more traditional techniques e.g., flotation, gravity and size separation (desliming etc). In order to provide a final check on the potential product generated from this modified process, the concentrate + middlings + fines from each test were leached under standard Kayelekera conditions to ensure no issues with uranium extractions. The results are shown below in Table 3, along with a comparative leach on the original head sample. Results indicate leach recoveries for the concentrate product are at least as good as the original sample recoveries and may be higher. Acid recoveries on a per tonne basis were higher for the concentrate, but when calculated on a specific basis (kg acid /kg uranium leached) they were equivalent or lower. This means that for an equivalent uranium production, the acid consumed will be similar. The upgrading of the fines portion of the feed material is ongoing, with results expected to be received in the coming months. A second phase of ore sorting testwork, whereby the various sensors are used together is being prepared with testwork planned to take place later in July. While this work is being undertaken, new samples from site will be delivered for further testing. These will include samples of the lower grade material, along with the other rock types treated at Kayelekera. The Company expects these results to be available during third quarter of 2021.

Neutral

Lotus Resources Limited, Special/Extraordinary Shareholders Meeting, Jul 30, 2021

2021-06-30 08:33:00

Lotus Resources Limited, Special/Extraordinary Shareholders Meeting, Jul 30, 2021, at 10:00 W. Australia Standard Time. Location: Emerald House, 1202 Hay Street, WEST PERTH Western Australia Australia Agenda: To consider approval of the acquisition of shares in Lily Resources Pty Ltd; to consider ratification of the prior issue of shares under listing rule 7.1; to consider ratification of the prior issue of shares under listing rule 7.1A; to consider issue of shares to Mark Hanlon; to consider issue of shares to Grant Davey; to consider issue of options to Michael Bowen; and to consider other matters.

Fundamental Summary

Lotus published its Q4 report on 2022-03-14 with positive results, but no significant factors particularly remarkable relative to its peers. It is highly likely that it will be mostly tethered to market performance and sector movements for the near term. We therefore gave Lotus a total score of 71 out of 100 and a HOLD recommendation.

Lotus announced earnings results for the full year ended June 30, 2021. For the full year, the company announced net loss was AUD 5.014 million compared to AUD 15.922 million a year ago.

Business Description

Lotus explores for and develops mineral properties in Australia and Africa. The company holds an interest in the Kayelekera uranium project; and the Livingstonia project located in northern Malawi, southern Africa. It also explores for cobalt ores. The company was formerly known as Hylea Metals Limited and changed its name to Lotus in August 2019. Lotus was incorporated in 2006 and is based in Perth, Australia.

Sector Overview

Lotus is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Lotus's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 90.2 1.5% 74
Liabilities 68.6 3.2% 78
Price to Book 18.5 124.2% 78
Cash & Equivalents 13.5 -52.3% 64
Equity 21.7 -1.3% 55
EBITDA -9.1 -53.9% 62
Total Revenues 0.1 -22.1% 87
Parameter Value Change Score
Return on Equity -40.9 -3.8% 66
Net Cashflow 5.9 -49.9% 68
Capital Expenditure 0.2 116.9% 76
Asset Turnover 0.0 -20.9% 60
Free Cashflow -0.0 -0.4% 69

* All values are TTM

The below chart reflects Lotus's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Lotus's peer average final assessment score stands on 69.0, Lotus's score is 71.

  •  LOT
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 42 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 43 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 44 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 45 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 46 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 47 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 48 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 49 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 50 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 51 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 52 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 53 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 54 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 55 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 56 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 57 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 58 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 59 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 60 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 61 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 62 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 63 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 64 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 65 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 66 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 67 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 68 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 69 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 70 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 71 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 72 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Lotus's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Lotus's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 52.

Bearish 52
Close Price 0.23
52W Low 0.14
52W High 0.44
5D MA 0.22
50D MA 0.28
200D MA 0.3
MACD -0.02
RSI 0.12
STOCH 33.33

Balance Sheet Analysis

Overall, Lotus's critical balance sheet metrics appear to signal strong support and a high likelihood of positive growth going forward. Lotus is doing a good job of keeping its liabilities under control and growing intelligently. At filing, their liabilities were 68.6, representing 3.2% change from the previous period. These numbers show that management has successfully encouraged growth while managing liabilities, especially relative to their peers. The company's liabilities movement component, therefore, received a grade of 78. Also, Lotus publishes impressive results related to book value factors in this report. Specifically, price to book ratio (P/B) now sits at 18.5 and represents a 124.2% change from the previous report. The company's book value factor metrics are even more remarkable when compared to their peers. The company's book value factors component, therefore, received a grade of 78. On the other hand, Equity, jumped out as looking problematic. Lotus published concerning equity metrics for this filing. In the current report, equity stood at 21.7, which represents a -1.3% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly less impressive than its peers and competitors. Therefore, their equity movement component earned a score of 55. Therefore, it received a score of 66.

Parameter Value Change Score
Assets 90.2 1.5% 74
Liabilities 68.6 3.2% 78
Price to Book 18.5 124.2% 78
Cash & Equivalents 13.5 -52.3% 64
Equity 21.7 -1.3% 55
* All values are TTM

The below chart describes Lotus's performance as reflected on its balance sheet with respect to its peers. While Lotus received a balance sheet score of 66, the average of its peers stands on 67.0.

  •  LOT
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 42 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 43 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 44 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 45 1
Imdex Limited 796.9M 59 69 83 61 75 71 46 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 47 1
St Barbara Limited 701.5M 80 69 51 49 61 53 48 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 49 1
Red 5 Limited 671.6M 49 45 39 55 96 47 50 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 51 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 52 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 53 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 54 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 55 1
Neometals Ltd 531.9M 97 77 46 50 97 60 56 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 57 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 58 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 59 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 60 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 61 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 62 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 63 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 64 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 65 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 66 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 67 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 68 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 69 1
Metals X Limited 344.8M 90 77 50 67 80 68 70 1
Pantoro Limited 330.8M 78 74 55 64 78 66 71 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 72 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Two metrics jump up as the most significant positive drivers of the income statement's strength in Lotus's recent report: Revenue Efficiency and Return Factors. Lotus reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. The company's revenue efficiency, therefore, received a grade of 87. Also, In this filing, Lotus reported a return on equity (ROE) ratio of -40.9, which represents a change of -3.8%. The company appears headed in the right direction in terms of these return factors, exhibiting prudent capital expenditure growth compared to its peers. Consequently, their return factors received a grade of 66. That said, one metric, EBITDA, stood out as strongly negative. Lotus reported concerning EBITDA this period. At filing, EBITDA was reported as -9.1, representing -53.9% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 20.0%. Their EBITDA metrics are even more problematic when compared to their peers. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their EBITDA a grade of 62. Consequently, their income statement earned a rank of 73.

Parameter Value Change Score
EBITDA -9.1 -53.9% 62
Total Revenues 0.1 -22.1% 87
Return on Equity -40.9 -3.8% 66
* All values are TTM

The below chart describes Lotus's performance as reflected on its income statement with respect to its peers. While Lotus received a income statement score of 73 , the average of its peers stands on 70.0.

  •  LOT
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Ramelius Resources Limited 828.4M 94 51 48 68 42 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 43 1
Jervois Global Limited 813.1M 37 94 93 71 44 1
Mincor Resources NL 808.9M 98 57 59 77 45 1
Imdex Limited 796.9M 77 60 56 56 46 1
Bellevue Gold Limited 722.0M 87 44 83 69 47 1
St Barbara Limited 701.5M 93 56 53 70 48 1
Emerald Resources NL 679.4M 37 96 94 68 49 1
Red 5 Limited 671.6M 95 58 66 75 50 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 51 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 52 1
Westgold Resources Limited 575.3M 84 58 43 65 53 1
OM Holdings Limited 563.6M 50 96 97 75 54 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 55 1
Neometals Ltd 531.9M 87 66 56 72 56 1
Adriatic Metals PLC 528.8M 87 62 66 73 57 1
Argosy Minerals Limited 467.8M 87 62 66 73 58 1
Perenti Global Limited 461.4M 73 81 87 78 59 1
Champion Iron Limited 441.1M 95 50 45 71 60 1
Panoramic Resources Limited 420.4M 95 50 62 71 61 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 62 1
Alkane Resources Limited 402.0M 68 74 74 70 63 1
Centaurus Metals Limited 397.2M 87 62 66 73 64 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 65 1
Jupiter Mines Limited 372.2M 96 46 50 81 66 1
Galan Lithium Limited 362.2M 87 62 66 73 67 1
Talga Group Ltd 359.9M 87 40 47 60 68 1
BCI Minerals Limited 349.8M 94 47 56 68 69 1
Metals X Limited 344.8M 94 84 79 87 70 1
Pantoro Limited 330.8M 87 62 66 73 71 1
Aurelia Metals Limited 327.8M 68 58 49 58 72 1
Macmahon Holdings Limited 283.7M 88 51 48 65 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Two metrics jump up as the most significant positive drivers of the cash flow's strength in Lotus's recent report: Capex and Free Cash flow. Lotus's management did a great job this period managing its capital expenditure (CapEx). In terms of the raw numbers, CapEx was reported as 0.2, which represents a 116.9% change from the last period. This performance is all the more impressive relative to their peers and competitors. The company's CapEx movement, therefore, received a grade of 76. Also, Free cash flow numbers published by Lotus were -0.0, which was a -0.4% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. Their free cash flow situation is all the more impressive relative to their peers and competitors. Therefore, its free cash flow movement earned a score of 69. That said, one metric, Asset Turnover, stood out as particularly concerning. Lotus's asset turnover numbers were discouraging, reflecting significant concerns related to management's ability to leverage assets to generate sales effectively and efficiently. Lotus recorded asset turnover of 0.0, which represents a -20.9% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 2.7%. Their asset turnover numbers are significantly less impressive when compared to their peers and competitors. Therefore, their asset turnover movement earned a score of 60. Therefore, the company's cash flow earned a grade of 68.

Parameter Value Change Score
Net Cashflow 5.9 -49.9% 68
Capital Expenditure 0.2 116.9% 76
Asset Turnover 0.0 -20.9% 60
Free Cashflow -0.0 -0.4% 69
* All values are TTM

The below chart describes Lotus's performance as reflected on its cash flow with respect to its peers. While Lotus received a cash flow score of 68, the average of its peers stands on 69.0.

  •  LOT
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 42 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 43 1
Jervois Global Limited 813.1M 43 51 38 82 54 44 1
Mincor Resources NL 808.9M 63 63 72 45 57 45 1
Imdex Limited 796.9M 71 72 79 73 74 46 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 47 1
St Barbara Limited 701.5M 54 46 71 55 56 48 1
Emerald Resources NL 679.4M 84 81 80 81 84 49 1
Red 5 Limited 671.6M 68 49 48 59 59 50 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 51 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 52 1
Westgold Resources Limited 575.3M 59 69 71 59 63 53 1
OM Holdings Limited 563.6M 75 90 90 75 82 54 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 55 1
Neometals Ltd 531.9M 62 54 71 52 60 56 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 57 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 58 1
Perenti Global Limited 461.4M 61 69 54 78 67 59 1
Champion Iron Limited 441.1M 56 69 51 49 55 60 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 61 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 62 1
Alkane Resources Limited 402.0M 69 58 68 71 68 63 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 64 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 65 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 66 1
Galan Lithium Limited 362.2M 68 69 76 60 68 67 1
Talga Group Ltd 359.9M 53 48 76 70 62 68 1
BCI Minerals Limited 349.8M 62 54 76 49 60 69 1
Metals X Limited 344.8M 70 81 72 55 68 70 1
Pantoro Limited 330.8M 68 69 76 60 68 71 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 72 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.