Lucapa to acquire Merlin diamond 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 ...