Lotus Resources Ltd (ASX: LOT) Share Price and News
Price
Movement
(20 mins delayed)
52 Week Range
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1 Year Return
Lotus Resources Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$476.26 million
P/E Ratio
N/A
Dividend Yield
0.00%
Shares Outstanding
1.83 billion
Earnings per share
-0.008
Dividend per share
N/A
Year To Date Return
-3.51%
Earnings Yield
N/A
Franking
-
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Lotus Resources Ltd (ASX: LOT)
Latest News
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Share Market News
Lotus Resources (ASX:LOT) share price jumps on rare earths update
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Frequently Asked Questions
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No, Lotus Resources does not pay shareholder dividends at this time.
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Lotus Resources Ltd listed on the ASX on 18 February 2009.
LOT ASX Announcements
An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
|---|---|---|---|---|---|
| YesNo |
About Lotus Resources Ltd
Lotus Resources Ltd (ASX: LOT) is an Australian resources company with interests in Malawi, Africa. It owns an 85% stake in the Kayelekera Uranium Project located in northern Malawi. Kayelekera is currently under care and maintenance although produced approximately 11 million pounds of uranium before it closed in 2014 due to sustained low uranium prices.
Lotus released a Re-Start Definitive Feasibility Study in August 2022 that found Kayelekera ranks as one of the lowest capital cost (US$88m) uranium projects globally. The study found it also has the ability to quickly recommence production (around 15 months) once a Final Investment Decision (FID) is made on the project.
In July 2023, Lotus Resources announced a merger with ACAP Energy (ASX: ACB) to create a leading African-focused uranium player. The merger combines Kayelekera with a prospective growth asset, Letlhakane, located in Botswana, Africa.
LOT Share Price History Data provided by Morningstar.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 26 Jul 2024 | $0.26 | $-0.02 | -7.27% | 8,290,728 | $0.27 | $0.28 | $0.26 |
| 25 Jul 2024 | $0.28 | $-0.01 | -3.57% | 5,050,157 | $0.28 | $0.29 | $0.27 |
| 24 Jul 2024 | $0.28 | $-0.01 | -3.45% | 3,852,239 | $0.29 | $0.29 | $0.28 |
| 23 Jul 2024 | $0.29 | $-0.01 | -3.39% | 6,072,135 | $0.30 | $0.31 | $0.29 |
| 22 Jul 2024 | $0.30 | $-0.01 | -3.28% | 4,801,717 | $0.31 | $0.32 | $0.30 |
| 19 Jul 2024 | $0.31 | $-0.01 | -3.23% | 3,208,933 | $0.31 | $0.31 | $0.30 |
| 18 Jul 2024 | $0.31 | $-0.02 | -6.15% | 5,921,172 | $0.31 | $0.32 | $0.31 |
| 17 Jul 2024 | $0.33 | $-0.02 | -5.80% | 5,866,730 | $0.35 | $0.35 | $0.33 |
| 16 Jul 2024 | $0.35 | $-0.01 | -2.86% | 3,749,667 | $0.36 | $0.36 | $0.34 |
| 15 Jul 2024 | $0.35 | $-0.02 | -5.48% | 3,811,853 | $0.36 | $0.37 | $0.35 |
| 12 Jul 2024 | $0.37 | $-0.01 | -2.70% | 4,717,383 | $0.37 | $0.37 | $0.36 |
| 11 Jul 2024 | $0.37 | $0.04 | 11.94% | 8,732,062 | $0.36 | $0.37 | $0.35 |
| 10 Jul 2024 | $0.34 | $0.00 | 0.00% | 2,546,973 | $0.33 | $0.34 | $0.33 |
| 09 Jul 2024 | $0.34 | $0.01 | 3.08% | 3,562,125 | $0.33 | $0.34 | $0.32 |
| 08 Jul 2024 | $0.33 | $-0.01 | -3.03% | 3,761,768 | $0.33 | $0.34 | $0.32 |
| 05 Jul 2024 | $0.33 | $-0.01 | -2.94% | 3,397,891 | $0.34 | $0.34 | $0.32 |
| 04 Jul 2024 | $0.34 | $0.00 | 0.00% | 5,596,302 | $0.35 | $0.35 | $0.33 |
| 03 Jul 2024 | $0.34 | $0.02 | 6.15% | 3,863,008 | $0.33 | $0.35 | $0.33 |
| 02 Jul 2024 | $0.33 | $-0.01 | -3.03% | 4,136,753 | $0.34 | $0.34 | $0.32 |
| 01 Jul 2024 | $0.33 | $-0.01 | -2.94% | 3,924,895 | $0.34 | $0.34 | $0.33 |
| 28 Jun 2024 | $0.34 | $0.02 | 6.15% | 7,370,921 | $0.34 | $0.35 | $0.33 |
| 27 Jun 2024 | $0.33 | $-0.01 | -3.03% | 5,529,133 | $0.34 | $0.34 | $0.32 |
| 26 Jun 2024 | $0.33 | $-0.01 | -2.99% | 4,059,370 | $0.34 | $0.34 | $0.33 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 12 Jul 2024 | Keith Bowes | Buy | 550,800 | $201,042 |
Exercise of options.
|
| 12 Jul 2024 | Keith Bowes | Exercise | 550,800 | $201,042 |
Exercise of options.
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| 18 Mar 2024 | Keith Bowes | Sell | 4,000,000 | $1,520,000 |
As advised by the company. Special crossing for personal financial
reasons and approved by the Board of Directors. |
| 28 Feb 2024 | Keith Bowes | Transfer | 6,000,000 | $2,160,000 |
Off-market transfer. Assuming off market transfer of shares
|
| 28 Feb 2024 | Keith Bowes | Sell | 6,000,000 | $1,800,000 |
On-market trade.
|
| 28 Feb 2024 | Keith Bowes | Transfer | 6,000,000 | $2,160,000 |
Off-market transfer. Assuming off market transfer of shares
|
| 28 Feb 2024 | Keith Bowes | Sell | 6,000,000 | $1,800,000 |
On-market trade.
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| 28 Feb 2024 | Grant Davey | Sell | 4,678,010 | $1,403,403 |
On-market trade.
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| 15 Jan 2024 | Keith Bowes | Exercise | 6,000,000 | $2,010,000 |
Exercise of options. As per announcement on 16-01-2024
|
| 15 Jan 2024 | Keith Bowes | Buy | 6,000,000 | $2,010,000 |
Exercise of options.
|
| 29 Dec 2023 | Grant Davey | Transfer | 25,411,031 | $7,242,143 |
Off-market transfer. As per announcement on 08-01-2024
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| 29 Dec 2023 | Keith Bowes | Transfer | 11,323,196 | $16,984,794 |
Off-market transfer.
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| 04 Dec 2023 | Keith Bowes | Issued | 6,354,595 | $1,969,924 |
Issue of securities.
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| 04 Dec 2023 | Michael Bowen | Issued | 3,000,000 | $930,000 |
Issue of options.
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| 04 Dec 2023 | Mark Hanlon | Issued | 2,000,000 | $620,000 |
Issue of options.
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| 04 Dec 2023 | Grant Davey | Issued | 200,000 | $62,000 |
Issue of securities. as per announcement on 06/12/2023
|
| 04 Dec 2023 | Dixie Marshall | Issued | 2,000,000 | $620,000 |
Issue of securities.
|
| 07 Nov 2023 | Grant Davey | Buy | 728,468 | $182,331 |
On-market trade. average price
|
| 03 Nov 2023 | Dixie Marshall | Sell | 1,200,000 | $313,800 |
On-market trade. per share average
|
| 06 Oct 2023 | Dixie Marshall | Exercise | 2,000,000 | $470,000 |
Exercise of options.
|
| 06 Oct 2023 | Dixie Marshall | Issued | 2,000,000 | $470,000 |
Exercise of options.
|
| 23 Aug 2023 | Grant Davey | Sell | 50,954,438 | $11,209,976 |
As advised by the company. Appeal pending: Pursuant to Kestell - vDavey [No 3] [2023] WASC 289 -
|
Directors & Management Data provided by Morningstar.
| Name | Title | Start Date | Profile |
|---|---|---|---|
| Mr Michael Phillip Bowen | Non-Executive ChairmanNon-Executive Director | Feb 2021 |
Mr Bowen is a partner of the national law firm, Thomson Geer Lawyers. He practices primarily corporate, commercial and securities law with over 40 years of experience and emphasis on mergers, acquisitions, capital raisings and resources.
|
| Mr Timothy (Mark) Marcus Stephen Hanlon | Non-Executive Director | Feb 2021 |
Mr Hanlon has over fifteen years of experience in the resources and resource services sector, as well as over ten years' experience in commercial and merchant banking. He has a background of senior executive experience across a range of industries including mining, mining services, electricity distribution, electronics contract manufacturing, paper and packaging and insurance. Mr Hanlon is currently a Non-Executive Director with ASX listed company Red River Resources Limited where he also chairs the audit and risk committee. He is also Non-Executive Chair of ASX listed company, Copper Strike Limited.
|
| Mr Mark Hanlon | Non-Executive Director | Feb 2021 |
Mr Hanlon has over 25 years of experience in the resources and resource services sector, as well as in commercial and merchant banking. He has a background of senior executive experience across a wide range of industries including mining and mining services.
|
| Mr Grant Davey | Non-Executive Director | Jun 2020 |
Mr Davey has 30 years of senior management and operational experience in the development, construction and operation of metals, base metals, uranium, and bulk commodities throughout the world. More recently, he has been involved in venture capital investments in several exploration and mining projects and has been instrumental in the acquisition and development of the Panda Hill niobium project in Tanzania, the Cape Ray gold project in Newfoundland and recently the acquisition of the Kayelekera Uranium mine in Malawi from Paladin Energy Limited.
|
| Mr Keith Bowes | Managing Director | Feb 2021 |
Mr Bowes is a mining executive with over 20 years of experience working on project development and operations in Africa, South America and Australia across a range of commodities and processes. He was previously the project manager for the Panda Hill niobium project in Tanzania and the Sovereign Metals graphite project in Malawi.
|
| Ms Dixie Ina Marshall | Non-Executive Director | Apr 2022 |
Ms Marshall has over 38 years of experience in media, advertising, government relations and communications. She has worked across a range of platforms, including television, radio, newspapers, and digital. Ms Marshall has a knowledge of data and digital innovation as applied to communications, marketing, and policy development. She has won awards for journalism, and more recently advertising. Ms Marshall is currently the Chief Growth Officer of Marketforce, WA's oldest advertising agency, and previously worked from the Western Australian Government Premier's Office for six years as the Director of Strategic Communications giving an insight into government policy.
|
| Ms Catherine Elizabeth Anderson | Company Secretary | Jan 2023 |
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| Ms Amanda Jane Burgess | Joint Company Secretary | Jan 2019 |
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| Michael Ball | Chief Financial Officer |
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| Catherine Elizabeth Anderson | Company Secretary |
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| Amanda Jane Burgess | Joint Company Secretary |
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Top Shareholders Data provided by Morningstar.
| Name | Shares | Capital |
|---|---|---|
| Citicorp Nominees Pty Limited | 199,337,793 | 14.74% |
| Kayelekera Resources Pty Ltd | 175,509,489 | 12.98% |
| Hsbc Custody Nominees (Australia) Limited | 164,967,018 | 12.20% |
| HSBC Custody Nominees (Australia) Limited <Gsco Customers A/C> | 57,874,931 | 4.28% |
| Desertfox Pty Ltd | 46,954,438 | 3.47% |
| BNP Paribas Nominees Pty Ltd <IB AU Noms Retailclient DRP> | 42,770,091 | 3.16% |
| Tr Nominees Pty Ltd | 40,500,000 | 2.99% |
| J P Morgan Nominees Australia Pty Limited | 29,477,294 | 2.18% |
| National Nominees Limited | 25,669,535 | 1.91% |
| Bnp Paribas Noms Pty Ltd <Drp> | 21,782,013 | 1.61% |
| Sandhurst Trustees Ltd <Jmfg Consol A/C> | 21,718,473 | 1.61% |
| Mrs Pamela Julian Sargood | 19,400,000 | 1.43% |
| Hsbc Custody Nominees (Australia) Limited A/C 2 | 14,667,879 | 1.08% |
| Netwealth Investments Limited <Super Services A/C> | 12,530,064 | 0.93% |
| Netwealth Investments Limited <Wrap Services A/C> | 11,942,300 | 0.88% |
| Mr Benjamin Leigh Harper | 11,904,762 | 0.88% |
| Mr Darren Craig Glover | 11,904,762 | 0.88% |
| Hawthorn Grove Investments Pty Ltd | 8,504,747 | 0.63% |
| Huicen Capital Pty Limited | 8,000,000 | 0.59% |
| Hsbc Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> | 7,732,451 | 0.57% |
