Lulo kimberlite licence gazetted
New five-year licence
expires in 2023
Lucapa
Diamond Company Limited announces that a new Mineral Investment Contract has
been gazetted by the Angolan Ministry of Mineral Resources and Petroleum for
the Lulo kimberlite exploration licence. The MIC covers a five-year period
through to 30 April 2023.
Lucapa
is a co-owner and operator of the kimberlite exploration program on the highly
prospective 3,000km2 Lulo concession, which is run in parallel with the high-value
alluvial diamond mining activities, conducted via Sociedade Mineira Do Lulo.
Lucapa
and its partners have established a systematic year-round kimberlite drilling
program which aims to identify the primary hard-rock source, or sources, of the
exceptional large and high-value alluvial diamonds currently being recovered
proximal to the kimberlite targets at Lulo.
Lucapa
Managing Director Stephen Wetherall said the gazetting of the new five-year MIC
for the Lulo kimberlite licence was further evidence of Angola’s diamond sector
reforms and the strong working relationship between Lucapa and its Angolan
partners.
Comments
Post a Comment