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IN BRIEF: Tlou Energy cash falls as expects to drill at Lesedi 6 soon

27th Jan 2023 10:05

Tlou Energy Ltd - Brisbane, Australia-based power project developer - Expects completion of a 100 kilometre transmission line at Lesedi project in Botswana expected for mid-2023. Expects drilling at Lesedi 6 production pod to start in the first quarter of 2023. Meanwhile, no ground operations have been carried out so far at Boomslang project in Botswana, where the license is set to expire in June 2024. Tlou Energy adds that its cash position at December 31 was AUD6.1 million, down 22% from AUD7.9 million at June 30.

Current stock price: 2.02 pence, up 3.6% on Friday

12-month change: down 6.1%

By Tom Budszus, Alliance News reporter

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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