The Transactions have an aggregate value of c. US$ 24.77 million and offer Jubilee flexibility to schedule develop tailings projects.
"This provides certainty and confidence that Lotus has the full backing of the Government to continue our development of Kayelekera."
"Together with the findings of other technical studies, we are confident that a material reduction in operating costs can be achieved."
Copper recoveries improved to an average of 83% during August, with recoveries in excess of 86% achieved on multiple occasions.
Paladin was issued these shares as part consideration for the Company’s acquisition of the Kayelekera Uranium Project.