Mothae Resource estimated over 280K Ct of diamonds!
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, at a nominal 3mm BCOS. Lucapa Managing