{"id":8876,"date":"2021-11-03T04:29:02","date_gmt":"2021-11-03T04:29:02","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million"},"modified":"2021-11-04T04:50:54","modified_gmt":"2021-11-04T04:50:54","slug":"malawi-sells-livingstonia-uranium-site-for-k21-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million","title":{"rendered":"Malawi sells Livingstonia Uranium site for K21 million"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Malawi has sold for 21 million Kwacha ($25 thousand) its Livingstonia uranium site to Lotus, the Australian company that bought the Kayelekera stakes from Paladin.<\/p>\n

The company says the Livingstonia site will help increase its global Uranium by 16% for about 4 dollars for every 1000 kilograms of uranium for 3 kwacha.<\/p>\n

\u201cThe project, which is located some 90 km southeast of Lotus\u2019 Kayelekera uranium project, hosts an historical inferred mineral resource of some 8.3-million tonnes, grading 325 parts per million for six-million pounds of uranium oxide (U3O8),\u201d reads a report by news site Mining Weekly.<\/p>\n

\u201cThis is an extremely accretive acquisition for Lotus with the potential to increase our global mineral resource by 16% for less than $0.004 \/ lb U3O8. More importantly, we have increased our landholding at the highly prospective, yet poorly explored, Livingstonia region, to 187 km2,\u201d said Lotus MD Keith Bowes.<\/p>\n

\u201cThere is multiple walk-up, drill-ready targets across our Livingstonia tenements, including at the boundary of the Livingstonia resource where an airborne radiometric survey indicates mineralisation continues into our existing tenements.<\/p>\n

\u201cThis area, as well as the high-grade intercepts previously reported, will be the basis of the first phase of exploration which will commence towards the end of this year. Other prospective targets, including Livingstonia North and Chilumba, will be tested in future exploration programmes.<\/p>\n

\u201cAssuming exploration success, the company will undertake ore sorting test work on the Livingstonia material in 2022 as part of the process for determining whether Livingstonia could become a future satellite operation for the company,\u201d said Bowes.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Malawi has sold for 21 million Kwacha ($25 thousand) its Livingstonia uranium site to Lotus, the Australian company that bought the Kayelekera stakes from Paladin. The company says the Livingstonia site will help increase its global Uranium by 16% for about 4 dollars for every 1000 kilograms of uranium for 3 kwacha. […]<\/p>\n","protected":false},"author":84,"featured_media":8875,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,300,1889,3175,234,2398],"class_list":["post-8876","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-corruption","tag-karonga","tag-kayelekera-mine","tag-malawi","tag-mining"],"yoast_head":"\nMalawi sells Livingstonia Uranium site for K21 million - Malawi<\/title>\n<meta name=\"description\" content=\"Malawi has sold for 21 million Kwacha ($25 thousand) its Livingstonia uranium site to Lotus, the Australian company that ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi sells Livingstonia Uranium site for K21 million\" \/>\n<meta property=\"og:description\" content=\"Malawi has sold for 21 million Kwacha ($25 thousand) its Livingstonia uranium site to Lotus, the Australian company that ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-03T04:29:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-04T04:50:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2021\/11\/img-618366916aa70.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"405\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi sells Livingstonia Uranium site for K21 million\",\"datePublished\":\"2021-11-03T04:29:02+00:00\",\"dateModified\":\"2021-11-04T04:50:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2021\/11\/img-618366916aa70.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"corruption\",\"Karonga\",\"Kayelekera mine\",\"Malawi\",\"mining\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-sells-livingstonia-uranium-site-for-k21-million\",\"name\":\"Malawi sells Livingstonia Uranium site for K21 million - 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