Lotus Resources Ltd (ASX: LOT) Share Price and News
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Fundamentals Data provided by Morningstar.
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Lotus Resources Ltd (ASX: LOT)
Latest News

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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 |
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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 |
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06 Feb 2025 | $0.24 | $-0.01 | -4.08% | 5,067,131 | $0.24 | $0.24 | $0.23 |
05 Feb 2025 | $0.25 | $0.01 | 4.26% | 6,715,842 | $0.25 | $0.25 | $0.24 |
04 Feb 2025 | $0.24 | $0.00 | 0.00% | 5,643,672 | $0.24 | $0.24 | $0.23 |
03 Feb 2025 | $0.23 | $-0.02 | -8.16% | 12,118,242 | $0.24 | $0.24 | $0.23 |
31 Jan 2025 | $0.25 | $0.01 | 4.17% | 42,528,217 | $0.24 | $0.26 | $0.24 |
30 Jan 2025 | $0.24 | $0.02 | 8.89% | 17,056,370 | $0.23 | $0.25 | $0.23 |
29 Jan 2025 | $0.23 | $0.02 | 9.52% | 20,857,805 | $0.22 | $0.23 | $0.22 |
28 Jan 2025 | $0.21 | $-0.05 | -19.61% | 33,746,308 | $0.23 | $0.23 | $0.20 |
24 Jan 2025 | $0.26 | $0.01 | 4.00% | 6,698,037 | $0.25 | $0.26 | $0.24 |
23 Jan 2025 | $0.25 | $0.01 | 4.08% | 11,756,052 | $0.25 | $0.26 | $0.25 |
22 Jan 2025 | $0.25 | $0.01 | 4.26% | 10,496,360 | $0.24 | $0.26 | $0.24 |
21 Jan 2025 | $0.24 | $0.00 | 0.00% | 6,781,697 | $0.23 | $0.24 | $0.23 |
20 Jan 2025 | $0.23 | $0.00 | 0.00% | 5,638,240 | $0.24 | $0.24 | $0.23 |
17 Jan 2025 | $0.24 | $0.02 | 9.09% | 8,385,239 | $0.22 | $0.24 | $0.22 |
16 Jan 2025 | $0.22 | $0.00 | 0.00% | 9,943,527 | $0.23 | $0.23 | $0.22 |
15 Jan 2025 | $0.22 | $0.00 | 0.00% | 3,994,904 | $0.22 | $0.23 | $0.22 |
14 Jan 2025 | $0.22 | $0.00 | 0.00% | 5,138,287 | $0.22 | $0.23 | $0.22 |
13 Jan 2025 | $0.22 | $0.00 | 0.00% | 4,686,650 | $0.22 | $0.23 | $0.22 |
10 Jan 2025 | $0.22 | $-0.01 | -4.44% | 2,674,722 | $0.22 | $0.23 | $0.22 |
09 Jan 2025 | $0.23 | $0.00 | 0.00% | 3,141,557 | $0.23 | $0.23 | $0.22 |
08 Jan 2025 | $0.23 | $-0.01 | -4.35% | 9,828,040 | $0.23 | $0.23 | $0.22 |
Director Transactions Data provided by Morningstar.
Date | Director | Type | Amount | Value | Notes |
---|---|---|---|---|---|
21 Nov 2024 | Grant Davey | Buy | 120,000 | $30,000 |
Participation in share purchase plan.
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21 Nov 2024 | Michael Bowen | Buy | 120,000 | $30,000 |
Participation in share purchase plan.
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03 Sep 2024 | Keith Bowes | Expiry | 1,034,582 | $232,780 |
Options expired.
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12 Jul 2024 | Keith Bowes | Buy | 550,800 | $201,042 |
Exercise of options.
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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 | Grant Davey | Sell | 4,678,010 | $1,403,403 |
On-market trade.
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28 Feb 2024 | Keith Bowes | Sell | 6,000,000 | $1,800,000 |
On-market trade.
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28 Feb 2024 | Keith Bowes | Transfer | 6,000,000 | $2,160,000 |
Off-market transfer. Assuming off market transfer of shares
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28 Feb 2024 | Keith Bowes | Sell | 6,000,000 | $1,800,000 |
On-market trade.
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28 Feb 2024 | Keith Bowes | Transfer | 6,000,000 | $2,160,000 |
Off-market transfer. Assuming off market transfer of shares
|
Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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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 experience and emphasis on mergers, acquisitions, capital raisings and resources.
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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.
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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 as Chief Financial Officer and Finance Director across a wide range of industries including mining and mining services. He is Chair of Risk Committee.
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Ms Leanne Heywood | Non-Executive Director | Feb 2025 |
Ms Heywood is a non-executive director, audit and risk committee, and people and remuneration committee chair, with general management experience through an international career in the mining sector, including 10 years with the Rio Tinto Copper Group. Her experience includes strategic marketing, business finance and compliance and she has led organisational restructures, mergers, acquisitions and disposals at both the executive and board level. Additionally, she has experience in cross-cultural negotiations and stakeholder relationships management, including governments and investment partners and leadership expertise in China, Japan, Mongolia, Singapore and South America. Ms Heywood currently serves as a non-executive director and the audit and risk committee chair for Arcadium Lithium PLC (NYSE:LTHM), a global lithium chemicals producer, and Midway Ltd (ASX: MWY), a wood fibre processor and exporter (both subject to Schemes of Arrangement). She is also a Non-Executive Director of MAC Copper Limited (ASX: MAC), formerly Metals Acquisition Ltd.
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Mr Gregory John Bittar | Chief Executive OfficerManaging Director | Aug 2024 |
--
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Mr Grant Davey | Executive Director | Jun 2020 |
Mr Davey is an entrepreneur with 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 involved 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.
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Mr Simon Hay | Non-Executive Director | Feb 2025 |
Mr Hay has management and technical experience over a career spanning 30 years in Australia and internationally. He is currently Executive Chairman of Leo Lithium Ltd (ASX:LLL). Mr Hay was formerly non-executive Chair of Battery Future Acquisition Corp. From July 2019 to November 2021, he was CEO of Galaxy Resources. Prior to this, as Head of Resource Development for Iluka Resources Limited, Mr Hay was responsible for exploration and geology, mine planning and development, major projects and engineering, technology, and innovation functions for Ilukas portfolio of projects.
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Ms Dixie Ina Marshall | Non-Executive Director | Apr 2022 |
Ms Marshall has 40 years of experience in strategic communications and government relations; this includes crisis communications, editorial media, advocacy, reputation, stakeholder engagement, marketing, and policy development. She has held senior leadership roles in government, media, sport, and advertising. She is Chair of Environment, Social and Governance Committee.
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Ms Amanda Jane Burgess | Joint Company Secretary | Jan 2019 |
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Mr Hayden Bartrop | Company SecretaryChief Commercial Officer | Oct 2024 |
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Michael Ball | Chief Financial Officer |
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Michael da Costa | Chief Operations Officer |
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Hayden Bartrop | Company SecretaryChief Commercial Officer |
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Amanda Jane Burgess | Joint Company Secretary |
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Top Shareholders Data provided by Morningstar.
Name | Shares | Capital |
---|---|---|
HSBC Custody Nominees (Australia) Limited | 268,863,214 | 14.68% |
Citicorp Nominees Pty Limited | 217,637,841 | 11.88% |
BNP Paribas Nominees Pty Ltd <Clearstream> | 144,790,911 | 7.90% |
Davey Holdings (Aus) Pty Ltd | 116,745,571 | 6.37% |
J P Morgan Nominees Australia Pty Limited | 97,516,098 | 5.32% |
BNP Paribas Nominees Pty Ltd <Ib Au Noms Retailclient> | 91,595,452 | 5.00% |
BNP Paribas Noms Pty Ltd | 62,503,913 | 3.41% |
Desertfox Pty Ltd | 46,954,438 | 2.56% |
Washington H Soul Pattinson And Company Limited | 34,000,000 | 1.86% |
Sandhurst Trustees Ltd <Jmfg Consol A/C> | 27,478,985 | 1.50% |
Davey Holdings (Aus) Pty Ltd i | 21,740,000 | 1.19% |
Mrs Pamela Julian Sargood | 19,750,000 | 1.08% |
HSBC Custody Nominees (Australia) Limited A/C 2 | 18,819,799 | 1.03% |
Taurus Corporate Services Pty Ltd | 18,100,000 | 0.99% |
HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> | 17,640,491 | 0.96% |
Rl Holdings Pty Ltd <Airlie A/C> | 17,250,000 | 0.94% |
Netwealth Investments Limited <Wrap Services A/C> | 12,458,252 | 0.68% |
Netwealth Investments Limited <Super Services A/C> | 12,393,280 | 0.68% |
Davey Management (Aus) Pty Ltd <Davey Family S/F A/C> | 11,612,887 | 0.63% |
Ubs Nominees Pty Ltd | 11,376,559 | 0.62% |