Lucapa rocks over Mothae special size!

All together 2 & one more large diamond

recovered at late in Quarter recovered

Lucapa Diamond Company provides an overview of its achievements during the December 2018 Quarter. These included two of the most important milestones in Lucapa’s history, which will underpin an exciting new era of growth for the Company: 

1: Commencement of commercial diamond recoveries at the new 1.1Mtpa Mothae kimberlite mine in Lesotho, delivering high-value production from a second African diamond mine,

2: The approval of historic new diamond marketing regulations in Angola enabling Lucapa and its partners to commence marketing large and exceptional diamonds from the Lulo alluvial mine via an international competitive bid process.

These milestones have positioned Lucapa to achieve another strategic goal in 2019: ‘To pursue its value-adding partnerships with leading global manufacturers and diamantaires for the cutting and polishing of select high-value diamonds.’

Mothae had a 3,089 carat diamond inventory, including the 78 carat and 38 carat high-value Specials to be sold in the first parcel of commercial diamonds in Q1 2019. Additionally, Lulo alluvial mining company, SML, had cash and equivalents of US$5m at Quarter-end, along with a diamond inventory of 1,935 carats including the seven large and high-value Specials listed in, along with the 75 carat Special recovered late in the Quarter.