GJ Town India

  Mothae Diamond Resource increased by 280%!            Lucapa Diamond Company announced an updated JORC classified Indicated and Inferred Diamond Resource estimate for the Mothae kimberlite diamond mine in Lesotho, southern Africa. A total JORC classified Indicated Resource has been estimated for 9.2 million tonnes, containing ~280,000 carats of diamonds at a diamond grade of 3.10 carats per one hundred tonnes and an average un-escalated modelled diamond value of US$635 per carat.   This Indicated Resource has been estimated to 75m depth below the current pit floor in the South Lobe at a nominal 3mm bottom cut-off size. In addition, a total JORC classified Inferred Resource has been estimated for 39.4Mt, containing ~960,000 carats of diamonds at a diamond grade of 2.44 cpht and an average un-escalated modelled diamond value of US$601 per carat. This Inferred Resource has been estimated from below the Indicated Resource to 300m below surface, ...

Situ resource increased up to 80,400 carats at Lulo The Lulo Diamond Resource was independently estimated and reconciled on a depletion and addition basis as at by external consultants Z Star Mineral Resource Consultants (Pty) Ltd. The updated Lulo Diamond Resource was estimated after accounting for, 19 months of mining depletion at Lulo to 31 December 2018, during which time >30,000 carats of diamonds were recovered and sold for ~US$62 million. The definition of additional resources and improving knowledge on existing resource areas from an extensive ongoing resource-definition drilling and sampling program which included an additional 4,200 auger holes that is of 36K metres drilled and diamond sales at prices above the previous resource estimate dated 31 May 2017. Notwithstanding the depletion of >30,000 carats from mining referred to above, the updated Lulo Diamond Resource contains a 90% increase of in-situ carats to 80,400. This total equates to more than ...