Lotus Resources Plc is of the opinion that there is considerable growth potential in the fluorspar business in Mongolia. To date, the company has engaged with several local partners in the exploration and development of three strategic fluorspar deposits, which are located within the best fluorspar-producing districts in Mongolia.
The Company has a number of other fluorspar properties under consideration and is assessing the opportunities for processing fluorspar to produce acid grade fluorspar which has a higher value and can be sold into wider markets.