ASX-listed Lucapa Diamond Company has announced a 9% increase in the Joint Ore Reserve Committee (JORC)-compliant inferred alluvial diamond resource at its Lulo concession in Angola, adding 249,000 carats to the total.
This marks the seventh consecutive year of resource growth at the Lulo project, reinforcing its long-term production potential.
Additionally, the total diluted gravel volume available for mining has risen by 15% to 5.8 million cubic metres, supporting a production horizon of at least eight years based on Lulo’s planned mining and processing capacity.
