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Lotus Resources Limited (LTSRF) Q3 2026 Earnings Call Tra...
2026-05-01 · via All Articles on Seeking Alpha

Lotus Resources Limited (LTSRF) Q3 2026 Earnings Call April 30, 2026 8:30 PM EDT

Company Participants

Gregory Bittar - CEO, MD & Director

Conference Call Participants

Nathan Ryan - NWR Communications Pty Ltd
Branko Skocic - JPMorgan Chase & Co, Research Division
Glyn Lawcock - Barrenjoey Markets Pty Limited, Research Division
Matthew Hope - Ord Minnett Limited, Research Division
Stuart Foster
Mark Wiseman - Macquarie Research

Presentation

Nathan Ryan
NWR Communications Pty Ltd

Good morning, and welcome to the Lotus Resources Investor Webinar. [Operator Instructions]

I'll now hand over to Lotus Resources Managing Director, Greg Bittar. Thank you, Greg.

Gregory Bittar
CEO, MD & Director

Good morning. Thank you, Nathan, and thank you all for joining this call to discuss the Lotus March quarterly report. I want to start by acknowledging the challenges outlined in our quarterly and the impact on results to date is disappointing to us all. We do continue to advance with safety the priority, the Kayelekera uranium mine ramp-up and moving towards steady-state production. Despite the challenges noted in the quarterly, whether these be related to the accelerated restart and recommissioning of Kayelekera or to the global supply chain headwinds, Lotus remains on the restate pathway and will deliver.

Operating momentum is building across all of the key areas; mining ramp-up, processing plant performance and reliability improvements, acid plant commissioning, the TSF construction, the power grid connection project plus many other more minor areas. Kayelekera's technical capability has been significantly bolstered in recent months, led by changes to and addition to -- additions to our site team.

We have changed the site and processing leadership with a number of key personnel joining during the March quarter. These include the new Kayelekera General Manager, a new Processing Manager and more recently, just subsequent to the quarter end, a new Engineering Manager, significant investment in equipment, critical spares