Lucapa Diamond Company Limited (ASX: LOM), along with its Lulo partners Endiama and Rosas & Petalas, have announced the discovery of a 150-carat white Type IIa diamond from the Lulo Alluvial Mine in Angola.
This marks the 36th time a diamond of over 100 carats has been recovered at Lulo, with the 150-carat diamond being the fifth such discovery in Mining Block 28 (“MB28”).
In addition, Lucapa has received the dividend approved by the shareholders of SML (“Sociedade Mineira Do Lulo,
Lda”) at the 2022 General Assembly (refer ASX announcement on 14 December 2022).
The payment of US$1.4 million/ $A2.1 million (net of withholding tax) has been received.
ABOUT LUCAPA
Lucapa is an ASX listed diamond miner and explorer with assets in Africa and Australia. It has interests in two
producing diamond mines in Angola (Lulo, in which LOM holds 40%) and Lesotho (Mothae, in which LOM holds
70%). The large, high-value diamonds produced from these two niche African diamond mines attract some of
the highest prices per carat for rough diamonds globally.
The Lulo mine has been in commercial production since 2015, while the Mothae mine commenced commercial
production in 2019.
In 2021, through its wholly owned subsidiary, Australian Natural Diamonds Pty Ltd, Lucapa completed the
strategic and transformative acquisition of the Merlin Diamond Project, an historic Australian mine in the
Northern Territory of Australia.
A feasibility study is expected to be completed in Q1 2023.
Lucapa and its project partners are also exploring for potential primary source kimberlites or lamproites at the
prolific Lulo concession in Angola, the Brooking and Merlin projects in Australia and the Orapa Area F project in
Botswana.
The Board, management and key stakeholders in Lucapa have deep global diamond industry experience and
networks all through the value chain from exploration to retail.
