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- Last 2026-11-06
- A$0.18
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
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- Mkt cap
- A$98.5M
- EV
- A$86.9M
- Cash
- A$57.4M
- Debt
- A$45.8M
1 newer ASX announcement not yet reflected in this valuation
- Notification of cessation of securities - LOTPost Cash Checkpoint Security Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 8All sources ▸- Quarterly Activities and Cash Flow Report - September 2026 (incl. Appendix 5B)Operations
- Lotus Resources 2026 Annual Report to ShareholdersResults
- Quarterly Activities and Cash Flow Reports - June 2026Operations
- Investor Presentation - Operational and Balance Sheet Reset (23 July 2026)Presentation
- Quarterly Activities and Cash Flow Reports - March 2026Operations
- Half Year Financial Report - 31 December 2025Results
- Completion of Share Capital Consolidation (22 January 2026)Corporate Action
- Updated Letlhakane Scoping Study (12 March 2025)Study
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Late CY2026, company-guided | Kayelekera steady-state production target (about 200klb a month) | Production | Company Guided | High | Tests whether recoveries and acid supply hold above 80%; drives the cost base. |
| Mid-December 2026 quarter, company-guided | Inaugural uranium shipment (about 145klb) from Kayelekera | Production | Company Guided | High | First export and first cash receipts; needs remaining export permits and assay of product. |
| Due by 31 January 2027 under ASX rules | December 2026 quarterly activities and 5B report | Results | Inferred | Medium | First quarter with first sales expected; shows production, cost and cash receipts. |
Executive roster
As of 2026-09-30Background checks ▸Executive directors, CEO, named senior management and company secretary from the 2026 annual report corporate directory and the 3 Sep 2026 announcement (annual report p.2 and p.56). Non-executive directors are excluded as the schema requires.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Gregory Bittar | Managing Director · Chief Executive Officer | Executive Director · Chief Executive | — | Lotus Resources 2026 Annual Report to Shareholders |
| Melissa Roberts | Chief Financial Officer | Finance · Senior Management | — | Lotus Resources 2026 Annual Report to Shareholders |
| Sam Penglis | Chief Operating Officer | Operations · Senior Management | 2026-09-03 | Lotus Resources 2026 Annual Report to Shareholders |
| Fletcher Hancock | Company Secretary and General Counsel | Company Secretary | 2026-09-21 | Lotus Resources 2026 Annual Report to Shareholders |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Kayelekera Uranium Mine
MW
Ramping Producer85% ownedUranium
Restarted September 2025; production paused June 2026 for acid supply and plant issues; resumed August 2026 at reduced rate. First export shipment (about 145klb, Orano CE) scheduled for the mid-December 2026 quarter; steady-state target 2.4Mlb a year late CY2026 onward.
- Production annualised (attributable)
- 346.1k lbd
- Production (last FY, 100%)
- 332.1k lb
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- 67.8 yrsd
- Head grade
- 803 ppm
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total (incl. reserves), 100% basis | 41.6 Mt | 490 ppm U3O8 | Uranium | 2026-06-30 |
| Mineral Resource | measured and indicated (incl. RoM) | 30.9 Mt | 528 ppm U3O8 (derived) | Uranium | 2026-06-30 |
| Mineral Resource | inferred (incl. low-grade stockpiles) | 10.7 Mt | 377 ppm U3O8 (derived) | Uranium | 2026-06-30 |
| Ore Reserve | proved and probable incl. RoM stockpile, 100% basis | 15.4 Mt | 663 ppm U3O8 | Uranium | 2026-06-30 |
Milestones2
- First uranium export shipment (about 145klb) from Walvis Bay
Pending · High materiality
- Steady-state production of about 200klb a month
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Malawi atomic energy regulator approval and Zambia, Namibia transport and export approvals for uranium shipment | Malawi / Zambia / Namibia | Granted | — | No |
Core asset
Letlhakane Uranium Project
BW
Scoping Study Developer100% ownedUranium
Scoping study (March 2025) defines a 10-year, about 2.9Mlb a year case. Resource conversion drilling was not complete at 30 June 2026 and no Ore Reserve is declared.
- Contained metal (attributable)
- 113.7m lbd
- Resource grade
- 363 ppm
- % Measured + Indicated
- 50%d
- Resource tonnes
- 142.20 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- open pit: truck-and-shovel waste, continuous surface miners for ore, heap leach processings
Published study economicsIssuer or study metrics
Initial capexUS$465.4MPublished capital estimate
Operating cost41.1USD/lb
Scoping study selected case about US$65/lb; total cash cost, not AISC; NPV, IRR and discount rate not disclosed in the study pages read.
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | indicated | 71.6 Mt | 360 ppm U3O8 | Uranium | 2026-06-30 |
| Mineral Resource | inferred | 70.6 Mt | 366 ppm U3O8 | Uranium | 2026-06-30 |
| Mineral Resource | total | 142.2 Mt | 363 ppm U3O8 | Uranium | 2026-06-30 |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Updated Letlhakane Scoping Study | Scoping Study | Current | 2025-03-12 | Selected case about US$65/lb: 10-year life, 2.9Mlb a year average, 28.9Mlb life-of-mine, US$465.4M initial capital, total cash cost US$41.1/lb. AACE Class 5 (+/-30%). NPV and IRR not disclosed in the pages read. |
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Cash of A$57.4M covers about one quarter at the September quarter burn; the business needs the Mercuria prepayment and first sales to fund operations without further equity or convertible funding. Debt is the drawn US$7.4M equipment facility (about A$10.8M) plus the A$35M convertible notes issued 9 Sep 2026.
Inventory composition1
Inventory carrying value A$46.5M at 30 June 2026 (annual report, balance sheet). The September quarter build is not separated in the documents read; the inaugural 145klb shipment is part of 159.5klb already accepted by Orano CE.
- Uranium inventory and ROM stockpiles at 30 June 2026 (carrying value A$46.5M, incl. ex-Paladine and RoM)
- A$46.5M carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 547M
- Fully diluted
- 615.8M
Fully diluted = 547,045,342 ordinary + 1,709,289 options + 765,818 performance rights + 66,287,879 warrants = 615,808,328. Options are counted in full, which is conservative because the A$3.45 options are out of the money at the reference price. The convertible notes are excluded because their conversion shares depend on a variable price; they are a claim on equity value, not counted as shares. Valuation (valuation.json) uses a treasury-method count of 548,911,750: ordinary shares plus nil-strike options (1,100,590) and performance rights (765,818). It excludes the A$3.45 options (608,699) and the A$0.85 warrants (66,287,879), which are out of the money at the valuation (per share A$0.14 probability-weighted, below both strikes), and the convertible notes, which are debt in the equity bridge.
Security classes5
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Fully paid ordinary shares | Ordinary Share | 547M | — | — |
| Unlisted options (several strikes; A$3.45 and nil) | Option | 1.7M | — | — |
| Performance rights (expiry 30 Jun 2030) | Performance Right | 765.8K | A$0 | 2030-06-30 |
| Detachable warrants issued to CVI (Heights-managed) | Other | 66.3M | A$0.85 | 2031-09-07 |
| 350 senior unsecured convertible notes, A$100,000 each, variable conversion price with A$0.11 floor (excluded from fully diluted count; conversion shares not determinable from the documents) | Convertible | 350 | — | 2031-09-07 |
Actuals and forecasts
Financial statements
| AUD | Unit | Trend | FY2025AA | FY2026AA |
|---|---|---|---|---|
| Operations | ||||
| Uranium produced (100% basis) | Mlb U3O8 | 0.00 | 0.33 | |
| Unit costs | ||||
| Operating cost per lb (A$, incl. fixed site cost) | AUD/lb U3O8 | — | 277.2 | |
| Profit and loss | ||||
| Revenue | AUDm | 0.0 | 0.0 | |
| Operating costs incl. royalties | AUDm | 7.5 | 92.0 | |
| EBITDA | AUDm | (7.5) | (92.0) | |
| Net loss after tax (total) | AUDm | (15.6) | (100.1) | |
| Cash flow | ||||
| Operating cash flow | AUDm | (10.3) | (114.9) | |
| Capex (sustaining and growth) | AUDm | 63.4 | 68.9 | |
| Free cash flow | AUDm | (73.7) | (183.8) | |
| Balance sheet | ||||
| Cash and cash equivalents | AUDm | 54.1 | 30.2 | |
| Borrowings | AUDm | 0.0 | 10.5 | |
| Net debt (cash) | AUDm | (54.1) | (19.7) | |
| Multiples and ratios | ||||
| EV / EBITDA (x, current EV) | x | (11.9) | (1.0) | |
| P / E (x, current market cap) | x | (6.5) | (1.0) | |
| FCF yield (current market cap) | % | -72.8% | -181.6% | |
| EBITDA margin | % | — | — | |
| Net debt / EBITDA (x) | x | 7.2 | 0.2 | |
KPI history
Operating metrics · Kayelekera Uranium Mine
| Metric | Unit | Trend | June 2026 | September 2026 |
|---|---|---|---|---|
| Kayelekera uranium produced (100% mine basis) | lb U3O8 | 155,900 | 101,800 |
Operating metric source table9
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Kayelekera uranium produced (100% mine basis) | Kayelekera | June 2026 quarter | Quarter | 155,900 lb U3O8 | Reported |
| Kayelekera uranium produced (100% mine basis) | Kayelekera | September 2026 quarter | Quarter | 101,800 lb U3O8 | Reported |
| Kayelekera uranium produced FY2026 (100% mine basis) | Kayelekera | FY2026 (year to 30 June 2026) | Year | 332,100 lb U3O8 | Reported |
| Kayelekera head grade | Kayelekera | September 2026 quarter | Quarter | 803 ppm U3O8 | Reported |
| Kayelekera recovery (September quarter; 80% in September) | Kayelekera | September 2026 quarter | Quarter | 69 % | Reported |
| Kayelekera ore milled | Kayelekera | September 2026 quarter | Quarter | 81,900 t ore | Reported |
| Kayelekera production costs (cash, A$43.2M; not AISC) | Kayelekera | September 2026 quarter | Quarter | 43,220,000 AUD production cost (total, not per lb) | Reported |
| Cash and cash equivalents | Company | 30 June 2026 | Point In Time | 30,185,667 AUD | Reported |
| Cash (excluding US$10.0M restricted) | Company | 30 September 2026 | Point In Time | 57,400,000 AUD | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Steady State Production | kayelekera | first six years of production excluding ramp-up | 2,400,000 | 2,400,000 lb U3O8 per year | Current |
| Monthly Production Target | kayelekera | late CY2026 | 200,000 | 200,000 lb U3O8 per month | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-08-20Ann. 2026-07-23 | Raising | A$60.1M | 273.4M | — | Completed | — |
| 2026-09-09Ann. 2026-07-23 | DebtSenior Unsecured Convertible Notes With Detachable Warrants | A$35M | 350 | A$100,000 | Completed | A$35M, 350 notes issued to CVI Investments, Inc. (managed by Heights Capital Management) after shareholder approval on 2 Sep 2026, with 66,287,879 warrants at A$0.85. Up to five-year term; expiry 7 Sep 2031 per annual report (quarterly states 2029, treated as an error).Max 350 · Until 2031-09-07 · Holder approval required |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Arrangements identified in the documents read: Kayelekera royalties (half-year note), Mercuria marketing and prepayment (annual report, presentation) and contracted volumes to CY2029. Not an exhaustive contract review.
Uncapped 5% royalty on Kayelekera revenue to the Malawi Government; payable once sales begin.
Royalty · Active- Counterparties
- Government of Malawi
- Applies to
- Kayelekera Uranium Mine · Uranium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- royalty on revenue, uncapped: 5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
3.5% royalty on revenue capped at A$5M to Paladin Energy.
Royalty · Active- Counterparties
- Paladin Energy Limited
- Applies to
- Kayelekera Uranium Mine · Uranium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- royalty on revenue, capped: 3.5 %
royalty cap: 5,000,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Uncapped 0.75% royalty on revenue to Power Resources Inc.
Royalty · Active- Counterparties
- Power Resources Inc (Cameco subsidiary)
- Applies to
- Kayelekera Uranium Mine · Uranium
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- royalty on revenue, uncapped: 0.75 %
How it affects our valuation
No valuation treatment is available for this arrangement.
3.3Mlb contracted under fixed pricing out to CY2029; the company is renegotiating CY2026 delivery commitments to reduce exposure.
Offtake · Active- Counterparties
- Existing utility customers (contracted volumes)
- Applies to
- Kayelekera Uranium Mine · Uranium
- Economic direction
- Benefit
- Period
- Through 2029-12-31; start date not stated
- Key terms
- contracted volume at fixed pricing: 3.3 Mlb U3O8
How it affects our valuation
No valuation treatment is available for this arrangement.
30-month marketing of up to 3.0Mlb at market-linked pricing with a US$30M inventory-backed prepayment facility. Binding commitment letter after year end; definitive documents subject to conditions.
Offtake · Conditional- Counterparties
- Mercuria Energy Trading S.A.
- Applies to
- Kayelekera Uranium Mine · Uranium
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- marketing volume: 3 Mlb U3O8
inventory-backed prepayment facility: 30,000,000 USD
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The team delivered a restart but sustainable production and exports remained unfinished after material processing, delivery and water-quality concerns. The review is partial and individual attribution is limited.
Decision-relevant facts
Material summary
Gregory Bittar
Managing Director and Chief Executive Officer
Company SuccessIssuer Reported · High materiality
Restart achieved; ramp-up remains difficult
Lotus reported restarting Kayelekera and first uranium production in 2025; FY2026 produced 332.1 thousand pounds of uranium oxide while its board acknowledged operational and cost targets were missed. In September 2026 quarter it produced 101.8 thousand pounds over 31 processing days.
Role overlaps event; causation unproven · CEO role overlaps the restart; no specific personal causal contribution is established.
Annual Report 2026 · Chair/MD letter and operating review pp.4–14
September 2026 quarterly report · pp.1–4
SafetyDisputed · High materiality
Disputed water quality and corrective response
A March 2026 Mail & Guardian report described a Karonga district audit alleging treated drinking-water and sanitation failures, including two uranium readings above Malawi’s drinking-water limit. Lotus said the audit was preliminary and that the team did not itself sample; Bittar said bottled water was being provided and monitoring and treatment were being improved. The article reported NWRA testing was then pending. A later investigation was identified but could not be opened; the subsequent regulator results and current remediation status remain unknown.
Role overlaps event; causation unproven · Bittar was CEO and personally gave the company response; the report does not establish his personal responsibility for the water findings.
Uranium mine audit flags toxic water and sanitation failures · March 20 report, district audit, company and NWRA responses
GovernanceIssuer Reported · High materiality
Production metrics retracted and ASX query
In April 2026 Lotus retracted earlier head-grade and recovery metrics after reporting assay and measurement inconsistencies. In May ASX queried when Lotus became aware of operating information; Lotus provided its explanation and described its view of materiality. A query is not itself a finding of breach.
Role overlaps event; causation unproven · Bittar was CEO when the disclosures were made; no individual breach or intent has been established.
March 2026 Quarterly Activities · pp.2–4, retractions and remediation
Response to ASX Aware Query · pp.1–3, company reply and ASX query
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
- The original district water audit, regulator test results and later remediation status could not be independently established.
Melissa Roberts
Chief Financial Officer
FailureDocumented · High materiality
Auditor flagged material going-concern uncertainty
Lotus’s FY2026 auditor reported a material uncertainty regarding going concern linked to operational and funding plans, while not modifying the audit opinion. The company reported A$60.1 million in entitlement proceeds and A$35 million in convertible notes after the year end.
Role overlaps event; causation unproven · Roberts was CFO; no personal responsibility for the uncertainty is established.
Annual Report 2026 · pp.135 and 139, funding and audit opinion
Personal SuccessIssuer Reported · Medium materiality
Talga financing work attributed by former employer
On Roberts’s departure Talga’s chair credited her with financing work, including European Investment Bank funding approval and a successful €70 million Innovation Fund grant application. These are employer-attributed contributions, not proof of commercial mine completion.
Individual involvement documented · Talga’s chair explicitly attributed financing work to her; claimed individual contribution is not independently audited.
Talga to relocate Group CFO role to Europe · p.1, chair statement and funding
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
- Talga announced a planned 31 December 2024 departure; its 2025 annual report could not be opened to independently confirm the actual end date.
Sam Penglis
Chief Operating Officer
Company SuccessIssuer Reported · Medium materiality
Acid-plant repair and partial production resumption
Lotus appointed Penglis interim COO in May 2026 and reported restoring acid production and resuming uranium processing in August after a June pause. In the September quarter the plant operated 31 days and produced 101.8 thousand pounds.
Role overlaps event; causation unproven · The operational role overlapped the response; the company does not quantify his individual contribution or establish personal fault for the earlier failure.
Key Appointments · p.1, interim/permanent appointment
September 2026 quarterly report · pp.1–4
FailureDocumented · Medium materiality
BHP Nickel West suspension
Leadership WA named Penglis BHP Head of Asset Integration in 2024. In July 2024 BHP announced Western Australia Nickel would be suspended, citing market oversupply and prior impairment; his exact dates and involvement in that decision are not established.
Employer context; no individual link established · He held a BHP role; his responsibility for the suspension is not established.
2024 annual review · p.36, BHP role
Western Australia Nickel to temporarily suspend operations · July 2024 suspension and market context
Evidence gaps · 4
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Fletcher Hancock
General Counsel and Company Secretary
EnvironmentDocumented · Medium materiality
Prior employer’s Tormin environmental settlement
AFP reported in October 2022 that Mineral Commodities’ Tormin operator settled an environmental group’s case and committed to additional environmental checks. Hancock, then the company’s legal counsel, told AFP the company intended to operate responsibly.
Role overlaps event; causation unproven · His former employer’s legal role overlapped; the article does not establish personal wrongdoing or responsibility for the underlying issues.
Surfers, miners fight over South Africa white beaches · Tormin litigation, settlement and company statement
Key Appointments · p.1, 2018–2022 Mineral Commodities tenure
Evidence gaps · 4
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Gustav du Toit
General Manager, Kayelekera
Company SuccessIssuer Reported · Medium materiality
Centamin cited Sukari operational reset
In its 2024 interim results Centamin said Gustav du Toit had led a reinvestment programme and operational reset during two and a half years as Sukari general manager, before promotion to chief operating officer. Lotus reports its GM previously held senior roles at Centamin and Barrick.
Individual involvement documented · Centamin attributes leadership of the reset to him; independently quantified personal contribution was not established.
Centamin interim results H1 2024 · CEO operational review, corporate appointments
Board and management · Gustav du Toit biography
SafetyDisputed · High materiality
Kayelekera site water concerns
During the period Lotus identified du Toit as Kayelekera general manager, independent reporting described a preliminary district water audit raising sanitation and water-quality concerns. Lotus disputed the audit’s sampling status and said bottled water and treatment improvements were being provided. The full official report and final test results were not obtained. The March article reported national regulator testing was pending at that time; a later report could not be opened, so the subsequent outcome is unknown.
Role overlaps event; causation unproven · Lotus reported his appointment in January 2026, before the February audit; no personal responsibility is established.
March 2026 Quarterly Activities · p.2, general manager commenced in March quarter
Uranium mine audit flags toxic water and sanitation failures · District audit and Lotus/Bittar response
Annual Report 2026 · p.36, January 2026 appointment
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
- The full district audit and the regulator’s test results were not obtained; the outcome after the March report is unknown.
Sarel Malan
Processing Manager, Kayelekera
FailureIssuer Reported · Medium materiality
Processing measurement and ramp-up limitations
The April 2026 quarterly report named Malan as having commenced during the March quarter and retracted earlier grade and recovery figures, citing measurement and assay issues. Lotus later reported a June shutdown and August restart, with plant recovery improving to 69% for the September quarter.
Role overlaps event; causation unproven · His role overlaps part of the period, but exact appointment date, individual responsibility and causes have not been established.
March 2026 Quarterly Activities · pp.2–4, role and retractions
September 2026 quarterly report · pp.1–4, processing outcomes
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- October 2026 quarterly spells this name Malen while March 2026 quarterly and issuer biography spell it Malan; the identity link is inferred from role and timing.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Rustum Norman
Engineering Manager, Kayelekera
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Christian Catalano
Senior Manager, Corporate Development and Analysis
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
John Baines
Commissioning and Metallurgy (cutoff continuity unconfirmed)
Personal SuccessIssuer Reported · Medium materiality
Letlhakane study appointment
Lotus appointed Baines to oversee Letlhakane work in 2024, citing uranium metallurgy experience at Olympic Dam and other projects. Later study outcomes are company results; his specific contribution and continued engagement have not been established.
Individual involvement documented · The appointment to oversee the programme is documented; it is not proof of study completion or economic success.
Lotus implements work program to unlock Letlhakane value potential · p.1, appointment and programme
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Most recent issuer evidence for this appointment predates the cutoff; the issuer webpage is undated, so continuation at the exact cutoff is not independently dated.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Philip Schoeman
Mining Manager (cutoff continuity unconfirmed)
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 4
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Robert Rich
Sales and Marketing Executive (cutoff continuity unconfirmed)
GovernanceIssuer Reported · Medium materiality
Earlier offtake work and later delivery shortfall
Lotus said Rich led offtake discussions in FY2023. Its FY2026 accounts reported a US$3.24 million payable in relation to non-delivery of 300,000 pounds; production and export delays affected deliveries. His precise role in those contracts or later shortfall is not established.
Responsibility unresolved · The issuer connects him to 2023 discussions; his involvement in individual contracts or 2026 delivery is unverified.
2023 annual report · p.11, offtake discussions
Annual Report 2026 · contingent liabilities / offtake notes
Evidence gaps · 5
- Independent credential and professional-membership verification was not obtained.
- Full prior-employer chronology, outcomes and personal contributions were not established.
- Open-web searches and accessible public records are a limited screening, not an exhaustive court, regulator, sanctions or criminal-record check.
- Most recent issuer evidence for this appointment predates the cutoff; the issuer webpage is undated, so continuation at the exact cutoff is not independently dated.
- Several topic rows reuse one broad search; dedicated person-specific former-employer, fraud, safety, environmental, legal and regulator searches remain incomplete.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-09-21 · 547,045,342 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 12.84% | 70,223,864 | |
| 2 | 10.52% | 57,531,899 | |
| 3 | 7.35% | 40,201,755 | |
| 4 | 6.17% | 33,735,363 | |
| 5 | 4.05% | 22,132,043 | |
| 6 | 3.88% | 21,236,913 | |
| 7 | 3.18% | 17,380,000 | |
| 8 | 2.96% | 16,195,229 | |
| 9 | 1.65% | 9,000,000 | |
| 10 | 1.49% | 8,165,990 | |
| 11 | 1.43% | 7,843,983 | |
| 12 | 1.38% | 7,544,789 | |
| 13 | 1.16% | 6,368,796 | |
| 14 | 0.85% | 4,644,753 | |
| 15 | 0.55% | 3,000,000 | |
| 16 | 0.55% | 3,000,000 | |
| 17 | 0.46% | 2,500,000 | |
| 18 | 0.43% | 2,361,783 | |
| 19 | 0.40% | 2,184,693 | |
| 20 | 0.40% | 2,166,750 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 8.02%Voting power | 2026-10-15 | |
| 6.64%Voting power | 2026-10-09 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- Registered nominee and group relevant-interest holdings can overlap and must not be summed.
- The annual report identifies Sprott Inc as a substantial holder at an earlier notice date, but subsequent substantial-holder history was not fully reconciled; this view remains partial. State Street’s notice refers to Sprott-managed funds in securities-lending positions and cannot be treated as Eric Sprott’s personal interest.
- Two identical BNP Paribas account names are separately listed in the source and are distinguished by entry number.
- The 2026 January 11.5-for-1 consolidation predates this register; these figures are post-consolidation.
Sources
- 2026 annual report
Lotus Resources Limited via ASX · Published 2026-09-28 · Accessed 2026-10-31
Ordinary share capital and twenty largest registered holders at 21 September.
downloads/LOT/2026/2026-09-28_2026 Annual Report to Shareholders_1cb0d869987c8098.pdf, PDF pages 143 and 145
- Change in substantial holding
Lotus Resources Limited via ASX · Published 2026-10-19 · Accessed 2026-10-31
State Street group present relevant interest 43,877,770 shares, 8.02%, as at 15 October.
downloads/LOT/2026/2026-10-19_Change in substantial holding_a5ffcd2a5c4587a7.pdf, page 1
- Change in substantial holding
Lotus Resources Limited via ASX · Published 2026-10-14 · Accessed 2026-10-31
JPMorgan group relevant interest 36,348,911 shares and 6.64% as at 9 October.
downloads/LOT/2026/2026-10-14_Change in substantial holding_8948cff09d93cc93.pdf, page 1
Disclosed activity
Insider transactions
Trading activity16 buys · 3 sells shownNet cash last 12 months A$433.5kShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-08-31 | Michael BowenBouchi Pty Ltd
Details & evidence for Michael Bowen on 2026-08-31260,870 vested options converted at nil exercise price; expiry 30 September 2026. As disclosed: Conversion of unlisted options into ordinary shares
director · Start not disclosed Bouchi Pty Ltd · Director and shareholder of registered holder. Change of Director's Interest Notice - M Bowen ↗ Change of Director's Interest Notice - M Bowen ↗ | ExerciseOrdinary fully paid shares | 260,870 | AUD 0.00 | — | 1,291,338 |
| 2026-08-20 | Leanne HeywoodMileberada Pty Ltd as trustee for the Heywood Family Trust
Details & evidence for Leanne Heywood on 2026-08-20As disclosed: Participation in the Entitlement Offer
director · 2025-02-03 Mileberada Pty Ltd as trustee for the Heywood Family Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - L Heywood ↗ Change of Director's Interest Notice - L Heywood ↗ | SubscriptionOrdinary fully paid shares | 26,133 | AUD 5,749.26 | AUD 0.22Disclosed price | 52,266 |
| 2026-08-20 | Simon HayTessaletta Pty Ltd as trustee for Tessaletta Investment Trust
Details & evidence for Simon Hay on 2026-08-20As disclosed: Participation in the Entitlement Offer
director · 2025-02-03 Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - S Hay ↗ Change of Director's Interest Notice - S Hay ↗ | SubscriptionOrdinary fully paid shares | 42,674 | AUD 9,388.28 | AUD 0.22Disclosed price | 85,348 |
| 2026-08-20 | Michael BowenBouchi Pty Ltd
Details & evidence for Michael Bowen on 2026-08-20As disclosed: Participation in the Entitlement Offer
director · Start not disclosed Bouchi Pty Ltd · Director and shareholder of registered holder. Change of Director's Interest Notice - M Bowen ↗ Change of Director's Interest Notice - M Bowen ↗ | SubscriptionOrdinary fully paid shares | 515,234 | AUD 113,351.48 | AUD 0.22Disclosed price | 1,030,468 |
| 2026-08-20 | Gregory BittarGJR Bittar Pty Limited ATF Bittar Family Trust
Details & evidence for Gregory Bittar on 2026-08-20Notice discloses AUD 20,568.90 aggregate cash for the GJR and Gernie accounts; not allocated between them. As disclosed: Participation in the Entitlement Offer
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | SubscriptionOrdinary fully paid shares | 23,478 | — | AUD 0.22Disclosed price | 46,956 |
| 2026-08-20 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2026-08-20Notice discloses AUD 20,568.90 aggregate cash for the GJR and Gernie accounts; not allocated between them. As disclosed: Participation in the Entitlement Offer
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | SubscriptionOrdinary fully paid shares | 70,017 | — | AUD 0.22Disclosed price | 140,034 |
| 2026-08-20 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2026-08-20Nil consideration; FY2026 STI rights did not vest. As disclosed: Forfeiture of 145,960 FY2026 STI performance rights as vesting conditions not met
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | CancellationSTI performance rights | 145,960 | —Non Cash | — | 0 |
| 2026-03-09 | Simon HayTessaletta Pty Ltd as trustee for Tessaletta Investment Trust
Details & evidence for Simon Hay on 2026-03-09As disclosed: Participation in the Share Purchase Plan (refer to ASX announcement dated 16 February 2026).
director · 2025-02-03 Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - S Hay ↗ Change of Director's Interest Notice - S Hay ↗ | SubscriptionOrdinary fully paid shares | 6,976 | AUD 15,000.00 | AUD 2.15Disclosed price | 42,674 |
| 2026-03-09 | Michael BowenBouchi Pty Ltd
Details & evidence for Michael Bowen on 2026-03-09As disclosed: Participation in the Share Purchase Plan (refer to ASX announcement dated 16 February 2026).
director · Start not disclosed Bouchi Pty Ltd · Director and shareholder of registered holder. Change of Director's Interest Notice - M Bowen ↗ Change of Director's Interest Notice - M Bowen ↗ | SubscriptionOrdinary fully paid shares | 13,953 | AUD 30,000.00 | AUD 2.15Disclosed price | 515,234 |
| 2026-03-09 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2026-03-09As disclosed: Participation in the Share Purchase Plan (refer to ASX announcement dated 16 February 2026).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | SubscriptionOrdinary fully paid shares | 13,953 | AUD 30,000.00 | AUD 2.15Disclosed price | 70,017 |
| 2025-12-10 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-12-10The rights are stated to have various vesting conditions and expire 30 June 2028. As disclosed: Issue of STI & LTI Performance Rights under the Employee Incentive Plan (Refer to Notice of Meeting on 17 October 2025).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | GrantSTI performance rights | 1,678,536 | —Non Cash | — | 1,678,536 |
| 2025-12-10 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-12-10The rights are stated to have various vesting conditions and expire 30 June 2030. As disclosed: Issue of STI & LTI Performance Rights under the Employee Incentive Plan (Refer to Notice of Meeting on 17 October 2025).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | GrantLTI performance rights | 2,797,559 | —Non Cash | — | 2,797,559 |
| 2025-11-20 | Leanne HeywoodMileberada Pty Ltd as trustee for the Heywood Family Trust
Details & evidence for Leanne Heywood on 2025-11-20As disclosed: Participation in the September 2025 Placement (Refer to ASX Announcement on 4 September 2025).
director · 2025-02-03 Mileberada Pty Ltd as trustee for the Heywood Family Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - L Heywood ↗ Change of Director's Interest Notice - L Heywood ↗ | SubscriptionOrdinary shares | 210,526 | AUD 39,999.94 | AUD 0.19Disclosed price | 300,526 |
| 2025-11-20 | Simon HayTessaletta Pty Ltd as trustee for Tessaletta Investment Trust
Details & evidence for Simon Hay on 2025-11-20As disclosed: Participation in the September 2025 Placement (Refer to ASX Announcement on 4 September 2025).
director · 2025-02-03 Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - S Hay ↗ Change of Director's Interest Notice - S Hay ↗ | SubscriptionOrdinary shares | 210,526 | AUD 39,999.94 | AUD 0.19Disclosed price | 410,526 |
| 2025-11-20 | Michael BowenBouchi Pty Ltd
Details & evidence for Michael Bowen on 2025-11-20As disclosed: Participation in the September 2025 Placement (refer to ASX announcement dated 4 September 2025).
director · Start not disclosed Bouchi Pty Ltd · Director and shareholder of registered holder. Change of Director's Interest Notice - M Bowen ↗ Change of Director's Interest Notice - M Bowen ↗ | SubscriptionOrdinary fully paid shares | 394,736 | AUD 74,999.84 | AUD 0.19Disclosed price | 5,764,736 |
| 2025-11-20 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-11-20As disclosed: Participation in the September 2025 Placement (Refer to ASX Announcement on 4 September 2025).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | SubscriptionOrdinary fully paid shares | 394,736 | AUD 74,999.84 | AUD 0.19Disclosed price | 644,736 |
| 2025-11-20 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-11-20This after-position tranche is 1,617,648 options. As disclosed: Issue of unlisted options under the Employee Incentive Plan (Refer to Notice of Meeting on 17 October 2025).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | GrantUnlisted options, nil exercise price, vesting 30 June 2027, expiring 30 June 2029 | 1,617,648 | —Non Cash | — | 1,617,648 |
| 2025-11-20 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-11-20This after-position tranche is 934,192 options; the notice reports vesting on 30 June 2025. As disclosed: Issue of unlisted options under the Employee Incentive Plan (Refer to Notice of Meeting on 17 October 2025).
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | GrantUnlisted options, nil exercise price, vesting 30 June 2025, expiring 30 June 2027 | 934,192 | —Non Cash | — | 934,192 |
| 2025-05-02 | Leanne HeywoodMileberada Pty Ltd as trustee for the Heywood Family Trust
Details & evidence for Leanne Heywood on 2025-05-02As disclosed: On market trade
director · 2025-02-03 Mileberada Pty Ltd as trustee for the Heywood Family Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - L Heywood ↗ Change of Director's Interest Notice - L Heywood ↗ | PurchaseOrdinary shares | 90,000 | — | AUD 0.1825Disclosed price | 90,000 |
| 2025-04-02 | Gregory BittarGernie Invts Pty Ltd ATF Gernie Invts Trust
Details & evidence for Gregory Bittar on 2025-04-02As disclosed: On-market purchase
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ Change of Director's Interest Notice - G Bittar ↗ | PurchaseOrdinary fully paid shares | 250,000 | AUD 39,666.11 | AUD 0.1587Disclosed price | 250,000 |
| 2024-11-21 | Grant DaveyDavey Management Pty Ltd (Davey Family S/F A/C)
Details & evidence for Grant Davey on 2024-11-21As disclosed: Participation in Share Purchase Plan (refer to ASX announcement dated 31 October 2024).
director · Start not disclosed to 2025-04-01 Davey Holdings (Aus) Pty Ltd (Burnaford A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Davey Management Pty Ltd (Davey Family S/F A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Change of Director's Interest Notice - G Davey ↗ Change of Director's Interest Notice - G Davey ↗ | SubscriptionOrdinary fully paid shares | 120,000 | AUD 30,000.00 | AUD 0.25Disclosed price | 11,732,887 |
| 2024-11-21 | Michael BowenBouchi Pty Ltd
Details & evidence for Michael Bowen on 2024-11-21As disclosed: Participation in Share Purchase Plan (refer to ASX announcement dated 31 October 2024).
director · Start not disclosed Bouchi Pty Ltd · Director and shareholder of registered holder. Change of Director's Interest Notice - M Bowen ↗ Change of Director's Interest Notice - M Bowen ↗ | SubscriptionOrdinary fully paid shares | 120,000 | AUD 30,000.00 | AUD 0.25Disclosed price | 5,370,000 |
| 2024-09-03 | Keith Bowes
Details & evidence for Keith Bowes on 2024-09-03Direct options lapsed while unvested. As disclosed: Lapse of unvested options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ | CancellationSTI KPI-based incentive options, nil exercise price, vesting 30 June 2024, expiring 31 October 2026 | 460,172 | —Non Cash | — | 696,585 |
| 2024-09-03 | Keith Bowes
Details & evidence for Keith Bowes on 2024-09-03Direct options lapsed while unvested. As disclosed: Lapse of unvested options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ | CancellationUnquoted options, nil exercise price, subject to Kayelekera Uranium Project vesting criteria, expiring 29 July 2026 | 574,410 | —Non Cash | — | 655,590 |
| 2024-07-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-07-12The prior ordinary shares were all held indirectly through BT Portfolio; the after-change notice reports 550,800 direct shares. As disclosed: Exercise of options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ | ExerciseOrdinary shares | 550,800 | —Non Cash | — | 550,800 |
| 2024-07-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-07-12The option leg of the same-class conversion is recorded separately from the ordinary shares issued. As disclosed: Exercise of options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ | ExerciseUnquoted ESOP options, exercisable at A$0.00, expiring 29 July 2024 | 550,800 | —Non Cash | — | 0 |
| 2024-03-18 | Keith BowesBT Portfolio Services (Bowes Family A/C)
Details & evidence for Keith Bowes on 2024-03-18The replacement cover directs readers to disregard the earlier same-day Appendix 3Y. The disclosed special crossing is retained verbatim; no on-market or off-market venue is inferred. As disclosed: Special crossing for personal financial reasons and approved by the Board of Directors.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Replacement Appendix 3Y ↗ Replacement Appendix 3Y ↗ Replacement Appendix 3Y ↗ | SaleOrdinary shares | 4,000,000 | — | AUD 0.38Disclosed price | 11,323,196 |
| 2024-02-28 | Grant Davey
Details & evidence for Grant Davey on 2024-02-28The filing names both Davey Holdings (Aus) Pty Ltd and Davey Management Pty Ltd but does not allocate this aggregate disposal between the accounts. As disclosed: On-market
director · Start not disclosed to 2025-04-01 Davey Holdings (Aus) Pty Ltd (Burnaford A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Davey Management Pty Ltd (Davey Family S/F A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Appendix 3Y - G Davey ↗ Appendix 3Y - G Davey ↗ | SaleOrdinary shares | 4,678,010 | — | AUD 0.3Disclosed price | 150,098,458 |
| 2024-02-28 | Keith Bowes
Details & evidence for Keith Bowes on 2024-02-28The sale is the disclosed direct 6,000,000-share position; the remaining 15,323,196 ordinary shares are reported as held through BT Portfolio after the change. As disclosed: On-market sale
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ Appendix 3Y - K Bowes ↗ | SaleOrdinary shares | 6,000,000 | — | AUD 0.3Disclosed price | 0 |
| 2023-10-06 | Dixie Marshall
Details & evidence for Dixie Marshall on 2023-10-06This confirmed 6 October share leg replaces the 12 October cancellation event. The attached original 3Y reports 2,000,000 ordinary shares acquired and held after change; it gives no pre-change ordinary-share balance. The company's 13 October confirmation directs that the 12 October reversal documents be disregarded. As disclosed: Exercise of options
Replaces 1 earlier record(s). director · Start not disclosed to 2025-06-05 Appendix 3Y Confirmation ↗ Appendix 3Y Confirmation ↗ Appendix 3Y Confirmation ↗ App 3Y - D Marshall ↗ Notification of cessation of securities - LOT ↗ | ExerciseOrdinary shares | 2,000,000 | —Non Cash | AUD 0Disclosed price | 2,000,000 |
| 2023-10-06 | Dixie Marshall
Details & evidence for Dixie Marshall on 2023-10-06This confirmed 6 October option leg replaces the 12 October option-restoration event. The attached original 3Y reports the option class and quantity before exercise; the company's 13 October confirmation states the original exercise stands and the 12 October reversal documents should be disregarded. As disclosed: Exercise of options
Replaces 1 earlier record(s). director · Start not disclosed to 2025-06-05 Appendix 3Y Confirmation ↗ Appendix 3Y Confirmation ↗ Appendix 3Y Confirmation ↗ App 3Y - D Marshall ↗ App 3Y - D Marshall ↗ | ExerciseUnquoted options, exercisable at A$0.00, expiring 31 March 2025 | 2,000,000 | —Non Cash | — | 0 |
| 2023-02-27 | Keith BowesBT Portfolio Services (Bowes Family A/C)
Details & evidence for Keith Bowes on 2023-02-27The ordinary-share event is one leg of the disclosed exercise; the matching options are recorded separately. As disclosed: Exercise of unlisted options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. App 3Y - K Bowes ↗ App 3Y - K Bowes ↗ App 3Y - K Bowes ↗ | ExerciseOrdinary shares | 1,125,000 | — | AUD 0.04Disclosed price | 4,000,000 |
| 2023-02-27 | Keith BowesMikenty Pty Ltd (ATF Bowes Family A/C)
Details & evidence for Keith Bowes on 2023-02-27The 27 February notice does not allocate this option row by account. The immediately preceding 10 February notice identifies the matching quantity, exercise price and expiry as Mikenty-held; the account linkage uses that disclosed continuity. As disclosed: Exercise of unlisted options
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. App 3Y - K Bowes ↗ App 3Y - K Bowes ↗ App 3Y - K Bowes ↗ App 3Y - K Bowes Options Vest ↗ | ExerciseUnquoted options, exercisable at A$0.04, expiring 13 March 2023 | 1,125,000 | — | — | 0 |
| 2023-02-10 | Keith Bowes
Details & evidence for Keith Bowes on 2023-02-10Vesting changed exercisability, not the number of options held; the same 550,800 options are reported before and after. As disclosed: Vesting as set out above
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ | VestingUnquoted options, nil exercise price, expiring 29 July 2024, subject to Kayelekera Uranium Project vesting criteria | 550,800 | —Non Cash | — | 550,800 |
| 2023-02-10 | Keith Bowes
Details & evidence for Keith Bowes on 2023-02-10Vesting changed exercisability, not the number of options held; the same 6,000,000 options are reported before and after. As disclosed: Vesting as set out above
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ App 3Y - K Bowes Options Vest ↗ | VestingUnquoted ESOP options, nil exercise price, expiring 10 February 2024 | 6,000,000 | —Non Cash | — | 6,000,000 |
Disclosed holding observations24 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2025-06-05 | Dixie Marshall
Details & evidence for Dixie Marshall on 2025-06-05Final registered option position at the director's cessation date.
director · Start not disclosed to 2025-06-05 Final Director's Interest Notice - D Marshall ↗ | FinalUnlisted options, nil exercise price, vested 31 March 2025, expiring 30 September 2026 | 2,000,000 | — |
| 2025-06-05 | Dixie Marshall
Details & evidence for Dixie Marshall on 2025-06-05Final registered holding at the director's cessation date.
director · Start not disclosed to 2025-06-05 Final Director's Interest Notice - D Marshall ↗ | FinalFully paid ordinary shares | 800,000 | — |
| 2025-05-01 | Mark Hanlon
Details & evidence for Mark Hanlon on 2025-05-01Final relevant-interest position at the director's cessation date; the notice does not state the nature of the relationship to the registered holder.
director · Start not disclosed to 2025-05-01 Buprestid Pty Ltd (Hanlon Family Superannuation A/C) · Part 2 lists this registered holder for the director's relevant interests; the relationship is not described in this notice. Final Director's Interest Notice - M Hanlon ↗ | FinalFully paid ordinary shares | 4,500,000 | — |
| 2025-05-01 | Mark Hanlon
Details & evidence for Mark Hanlon on 2025-05-01Final direct registered option position at the director's cessation date.
director · Start not disclosed to 2025-05-01 Buprestid Pty Ltd (Hanlon Family Superannuation A/C) · Part 2 lists this registered holder for the director's relevant interests; the relationship is not described in this notice. Final Director's Interest Notice - M Hanlon ↗ | FinalOptions, nil exercise price, vested 31 March 2025, expiring 30 September 2026 | 2,000,000 | — |
| 2025-05-01 | Mark Hanlon
Details & evidence for Mark Hanlon on 2025-05-01Final direct registered holding at the director's cessation date.
director · Start not disclosed to 2025-05-01 Buprestid Pty Ltd (Hanlon Family Superannuation A/C) · Part 2 lists this registered holder for the director's relevant interests; the relationship is not described in this notice. Final Director's Interest Notice - M Hanlon ↗ | FinalFully paid ordinary shares | 2,000,000 | — |
| 2025-04-01 | Grant Davey
Details & evidence for Grant Davey on 2025-04-01Final relevant-interest position at the director's cessation date; the notice does not further describe the nature of the relationship to the registered holder.
director · Start not disclosed to 2025-04-01 Davey Holdings (Aus) Pty Ltd (Burnaford A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Davey Management Pty Ltd (Davey Family S/F A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Final Director's Interest Notice - G Davey ↗ | FinalFully paid ordinary shares | 138,485,571 | — |
| 2025-04-01 | Grant Davey
Details & evidence for Grant Davey on 2025-04-01Final relevant-interest position at the director's cessation date; the notice does not further describe the nature of the relationship to the registered holder.
director · Start not disclosed to 2025-04-01 Davey Holdings (Aus) Pty Ltd (Burnaford A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Davey Management Pty Ltd (Davey Family S/F A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Final Director's Interest Notice - G Davey ↗ | FinalUnlisted options, nil exercise price, vested 31 March 2025, expiring 30 September 2026 | 2,000,000 | — |
| 2025-04-01 | Grant Davey
Details & evidence for Grant Davey on 2025-04-01Final relevant-interest position at the director's cessation date; the notice does not further describe the nature of the relationship to the registered holder.
director · Start not disclosed to 2025-04-01 Davey Holdings (Aus) Pty Ltd (Burnaford A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Davey Management Pty Ltd (Davey Family S/F A/C) · Part 2 lists this company account for the director's relevant interests; the precise nature of the relationship is not described in this notice. Final Director's Interest Notice - G Davey ↗ | FinalFully paid ordinary shares | 11,732,887 | — |
| 2025-02-03 | Simon Hay
Details & evidence for Simon Hay on 2025-02-03Initial indirect position at appointment.
director · 2025-02-03 Tessaletta Pty Ltd as trustee for Tessaletta Investment Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - S Hay ↗ Initial Director's Interest Notice - S Hay ↗ | InitialFully paid ordinary shares | 200,000 | — |
| 2024-12-12 | Gregory Bittar
Details & evidence for Gregory Bittar on 2024-12-12Initial indirect holding; the notice identifies Bittar as director of the holder with a beneficial interest in the trust.
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - G Bittar ↗ | InitialFully paid ordinary shares | 270,000 | — |
| 2024-12-12 | Gregory Bittar
Details & evidence for Gregory Bittar on 2024-12-12Initial position at appointment.
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - G Bittar ↗ | InitialUnlisted options, exercisable at A$0.30, vesting 31 December 2024, expiring 20 May 2027 | 1,000,000 | — |
| 2024-12-12 | Gregory Bittar
Details & evidence for Gregory Bittar on 2024-12-12Initial position at appointment.
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - G Bittar ↗ | InitialUnlisted options, exercisable at A$0.30, vesting 30 June 2025, expiring 20 May 2027 | 1,000,000 | — |
| 2024-12-12 | Gregory Bittar
Details & evidence for Gregory Bittar on 2024-12-12Initial position at appointment; vesting condition is preserved as stated.
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - G Bittar ↗ | InitialUnlisted options, nil exercise price, vesting 9 August 2025 subject to share price of at least A$0.35 for five consecutive days in a 12-month period, expiring 8 August 2027 | 3,000,000 | — |
| 2024-12-12 | Gregory Bittar
Details & evidence for Gregory Bittar on 2024-12-12Initial position at appointment; vesting condition is preserved as stated.
director · Start not disclosed GJR Bittar Pty Limited ATF Bittar Family Trust · Director of holder and beneficial interest in trust. Gernie Invts Pty Ltd ATF Gernie Invts Trust · Director of registered holder and beneficiary of trust. Initial Director's Interest Notice - G Bittar ↗ | InitialUnlisted options, nil exercise price, vesting 9 August 2026 subject to share price of at least A$0.45 for five consecutive days in a 12-month period, expiring 8 August 2027 | 3,000,000 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct option position at cessation.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalLTI KPI-based incentive options, exercisable at A$0.00, vesting 30 June 2026, expiring 31 October 2028 | 2,197,838 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct option position at cessation.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalUnquoted options, exercisable at A$0.00, expiring 31 October 2025 | 335,814 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct option position at cessation.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalUnquoted options, exercisable at A$0.00, expiring 29 July 2026 | 655,590 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct option position at cessation.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalOptions, exercisable at A$0.00, vesting 31 March 2025, expiring 30 September 2026 | 3,000,000 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Vesting remains subject to the stated project criteria.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalUnquoted options, exercisable at A$0.00, vesting 1 July 2025 subject to Kayelekera Uranium Project criteria, expiring 31 October 2027 | 1,767,442 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final indirect holding at the director's cessation date.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalFully paid ordinary shares | 11,323,196 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct registered holding at the director's cessation date.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalFully paid ordinary shares | 550,800 | — |
| 2024-12-12 | Keith Bowes
Details & evidence for Keith Bowes on 2024-12-12Final direct option position at cessation.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Final Director's Interest Notice - K Bowes ↗ | FinalSTI KPI-based incentive options, exercisable at A$0.00, expiring 31 October 2026 | 696,585 | — |
| 2024-09-03 | Keith Bowes
Details & evidence for Keith Bowes on 2024-09-03The notice reports 11,873,996 shares in aggregate, including 550,800 direct and the balance in BT Portfolio; no account-level balance is derived here.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ | PositionOrdinary shares (aggregate direct and indirect position) | 11,873,996 | — |
| 2024-02-28 | Keith Bowes
Details & evidence for Keith Bowes on 2024-02-28Explicit post-sale account holding; not derived from the aggregate total.
director · Start not disclosed to 2024-12-12 BT Portfolio Services (Bowes Family A/C) · Beneficial interest in shares held by BT Portfolio Services (Bowes Family A/C), as disclosed. Appendix 3Y - K Bowes ↗ | PositionOrdinary shares | 15,323,196 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory9 documents
LOT ASX close 30 October 2026 (reference price for 31 October 2026 cutoff)Market Data · LowExtracted
Local eligible ASX close for LOT registered as the valuation reference price (close A$0.185 on 30 Oct 2026, volume 6,004,272, provider market data provider via the local price database).
- Document ID
- lot-20261030-asx-close-reference
- Published UTC
- 2026-10-30T06:00:00Z
- Projects
- —
- Commodities
- —
Quarterly Activities and Cash Flow Report - September 2026 (incl. Appendix 5B)Operations · HighPartial
September 2026 quarter: 101.8klb produced, A$57.4M cash at 30 September 2026, post-quarter equity and convertible note raise, and Appendix 5B cash flows for the quarter.
- Document ID
- lot-20261029-quarterly-sep-2026
- Published UTC
- 2026-10-28T21:47:40Z
- Projects
- kayelekera · letlhakane
- Commodities
- uranium
Lotus Resources 2026 Annual Report to ShareholdersResults · HighPartial
FY2026 annual report (year to 30 June 2026): Kayelekera restart and ramp-up, June 2026 resource and reserve statement, audited statements, Mercuria marketing and prepayment terms and post-year-end funding package.
- Document ID
- lot-20260928-annual-report-fy2026
- Published UTC
- 2026-09-27T23:22:49Z
- Projects
- kayelekera · letlhakane
- Commodities
- uranium
Quarterly Activities and Cash Flow Reports - June 2026Operations · HighPartial
September 2026 quarter: 101.8klb produced, A$57.4M cash at 30 September 2026, post-quarter equity and convertible note raise, and Appendix 5B cash flows for the quarter.
- Document ID
- lot-20260730-quarterly-jun-2026
- Published UTC
- 2026-07-30T06:55:15Z
- Projects
- kayelekera · letlhakane
- Commodities
- uranium
Investor Presentation - Operational and Balance Sheet Reset (23 July 2026)Presentation · HighPartial
Kayelekera steady-state target, contracted volume, resource and reserve summary, and the strategic funding package announced 23 July 2026.
- Document ID
- lot-20260723-investor-presentation-reset
- Published UTC
- 2026-07-23T00:02:36Z
- Projects
- kayelekera
- Commodities
- uranium
Quarterly Activities and Cash Flow Reports - March 2026Operations · HighPartial
September 2026 quarter: 101.8klb produced, A$57.4M cash at 30 September 2026, post-quarter equity and convertible note raise, and Appendix 5B cash flows for the quarter.
- Document ID
- lot-20260430-quarterly-mar-2026
- Published UTC
- 2026-04-29T23:12:26Z
- Projects
- kayelekera · letlhakane
- Commodities
- uranium
Half Year Financial Report - 31 December 2025Results · HighPartial
Half-year to 31 December 2025: cash, borrowings, equity and operating cash outflow, and the Kayelekera royalty arrangements.
- Document ID
- lot-20260306-half-year-report-dec-2025
- Published UTC
- 2026-03-05T22:00:00Z
- Projects
- kayelekera
- Commodities
- uranium
Completion of Share Capital Consolidation (22 January 2026)Corporate Action · MediumPartial
Share consolidation completion; page 3 states Lotus owns 85% of Kayelekera and 100% of the Letlhakane Uranium Project in Botswana.
- Document ID
- lot-20260122-completion-share-consolidation
- Published UTC
- 2026-01-22T08:08:04Z
- Projects
- letlhakane · kayelekera
- Commodities
- uranium
Updated Letlhakane Scoping Study (12 March 2025)Study · HighPartial
Letlhakane scoping study, selected case about US$65/lb: 10-year life, 2.9Mlb/yr average, US$465.4M initial capital. AACE Class 5 (+/-30%). Pages are image-only and were read visually.
- Document ID
- lot-20250312-letlhakane-scoping-study
- Published UTC
- 2025-03-11T22:00:00Z
- Projects
- letlhakane
- Commodities
- uranium
Evidence facts37
30185667 AUD
2026-06-30-83518268 AUD
2026-06-30-114904036 AUD
2026-06-30332.1 klb
2026-06-3044.9 Mlb
2026-06-3022.5 Mlb
2026-06-30547045342 shares
2026-09-28US$30M prepayment; 3.0Mlb marketing text
2026-09-2857.4 AUD M
2026-09-30101.8 klb
2026-09-30155.9 klb
2026-06-30-45183 AUD'000
2026-09-30-13594 AUD'000
2026-09-3085071 AUD'000
2026-09-3030186 AUD'000
2026-06-30547045342 shares
2026-09-302.4 Mlb/yr
2026-07-233.3 Mlb
2026-07-2330 USD M
2026-07-2356163665 AUD
2025-12-313977807 AUD
2025-12-31-33542064 AUD
2025-12-313 royalty agreements text
2025-12-31465.4 USD M
2025-03-122.9 Mlb/yr
2025-03-1265 USD/lb
2025-03-1223.5 USD M
2025-03-1223.8 USD M
2025-03-120.185 AUD
2026-10-30100 pct
2026-01-2285 AUD M
2026-03-31-37742 AUD'000
2026-03-3178.31 klb
2026-03-3172.5 klb
2025-12-3125.5 klb
2025-09-30155.9 klb
2026-06-3078.2 klb
2026-03-31Conflicts requiring judgment4
- convertible_note_counterparty
Both documents name CVI Investments, Inc. as noteholder; the 29 Oct 2026 quarterly adds that CVI is managed by Heights Capital Management. Heights is the manager, not a second counterparty. Later document used.
- convertible_note_expiry
Annual report gives expiry 7 Sep 2031 and the 23 Jul 2026 investor presentation (annexure, p.57) gives an up-to-five-year term from the 9 Sep 2026 issue. The quarterly's 7 Sep 2029 is inconsistent with that term and is treated as an error.
- letlhakane_preproduction_cost
Study Table 6 itemises US$23.8M; the executive-summary figure of US$23.5M is a rounded summary. Table 6 is used.
- kayelekera_resource_total
The presentation's 46.3Mlb figure is the consolidated resource as at 30 June 2025 (annexure heading, p.56). The annual report's 44.9Mlb at 30 June 2026 is the later statement and is used.