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ASX:LOT

5 stories mentioning ASX:LOT

Every FINWIRES story that references ASX:LOT, newest first.

Asia

Lotus Resources Appoints Sam Penglis as Interim Chief Operating Officer

Lotus Resources (ASX:LOT) said it has appointed Sam Penglis as interim chief operating officer, according to a Friday Australian bourse filing.Penglis will succeed Mike Da Costa, who left the company on May 15, per the filing.The company said Penglis is an experienced chemical engineer and minerals processing leader with two decades of experience at BHP across operations readiness, production, planning, and integrated operations, the filing added.Lotus is also finalizing the appointment of a technical services manager at Kayelekera, focused on life-of-mine planning and operational excellence, including mine-to-mill reconciliation processes, it added.

ASX:LOT
Asia

Lotus Resources Most Shorted Stock on Australian Bourse, ASIC Data Shows

Lotus Resources (ASX:LOT) was the most shorted stock on the Australian bourse as of May 7, with 16.02% of its total share registry reported as short positions, according to data from the Australian Securities and Investments Commission (ASIC).Domino's Pizza Enterprises (ASX:DMP) was the second most shorted stock, with 15.59% of its share registry reported as short positions. Telix Pharmaceuticals (ASX:TLX) was at the third top spot, with 15.31% of its share registry reported as short positions.The regulator cautioned that its aggregated short position reports are reliant on the accuracy of reports received from individual short sellers.

ASX:DMPASX:LOTASX:TLX
Asia

Lotus Resources Says State Street Increases Stake, Shares Hit 6-Year Low

Lotus Resources (ASX:LOT) said State Street and its subsidiaries have increased their stake in the company on May 8 to 8.27% or 22.6 million shares from 7.22% or 19.7 million shares, according to a Wednesday Australian bourse filing.The company's shares fell 7% to their lowest since May 2020 in recent Wednesday trade.

ASX:LOT
Asia

Lotus Resources Confirms Continuity of Mineralization at Botswana Project; Shares Down 3%

Lotus Resources (ASX:LOT) confirmed continuity of mineralization at Serule West upon completion of the first phase of infill drilling within its Letlhakane project in Botswana, according to a Wednesday filing with the Australian bourse.Results include 8.23 meters at 1,357 parts per million radiometric equivalent triuranium octoxide from 48 meters, and nearly 12 meters at 567ppm radiometric equivalent triuranium octoxide from 49 meters, the filing said.Results will be used to update the project's mineral resource estimate in the second half of the year, per the filing.Shares fell 3% in morning trade on Wednesday.

ASX:LOT
Asia

Lotus Resources Resumes Uranium Production at Malawi Mine

Lotus Resources (ASX:LOT) resumed uranium production at its Kayelekera mine in Malawi after fire damage to electrical control panels resulted in a suspension of operations earlier this month, according to a Friday filing with the Australian bourse.The company said it resumed production after installing "interim engineered panels," and expects new panels to be delivered and installed in the coming weeks.

ASX:LOT