GJ Town India

Rough diamond price rock over by 40%   Lucapa Diamond Company Limited presented its unaudited financial results for the year ended 31 December 2021. During the period, record operational performances from both SML and Mothae diamond mine with record volumes processed, carats recovered & sold and exceptional diamond recoveries. Lulo exploration sampling includes the discovery of 13 diamonds from the Canguige catchment area, including eight Type IIa diamonds, three new high-interest targets identified at Brooking, WA and successful completion of a A$21.7 million capital raising to fund the 100% acquisition of Merlin diamond mine, expedite exploration programs, advance feasibility studies and general working capital. The completion of the acquisition of Merlin for a total consideration of A$8.5 million and release of Scoping Study showing strong economics for a long-life mine. Lucapa Diamond published the Merlin Scoping Study demonstrating strong economics for a long-life mine:...

Merlin kimberlite diamond mine Located in the Northern Territory, Australia Lucapa Diamond Company continues to identify and review prospective diamond development projects that offer near term production and value enhancing opportunities for its shareholders.   In that regard, Lucapa advises that it is participating in the sale process being conducted by the liquidators of Merlin Diamonds Limited (in Liquidation) (MDL) to acquire certain assets of MDL, which include the Merlin kimberlite diamond mine (Merlin) located in the Northern Territory, Australia.   The Lucapa Board considers that Merlin would be complementary to the Company’s existing niche operating mines and exploration projects in Angola, Australia, Botswana and Lesotho and is a development opportunity that would significantly benefit from the proven capability of Lucapa’s experienced development and operational teams.  Merlin is a multi-pit mine development opportunity with underground mining potential and ...