Mothae to increase 45% carats recovery!
Lucapa Diamond on expansion spree! Lucapa Diamond is on the expansion plan and financing of the 70% owned Mothae kimberlite diamond project in Lesotho, Southern Africa. Mothae became Lucapa’s second producing mine following the commissioning of the mine and its 1.1Mtpa processing plant in January 2019. The Mothae kimberlite resource contains large and high-quality diamonds, the occurrence of which, make it the 2nd highest average US$ per carat kimberlite mine in the world at between US$500 and US$750 per carat on average. More than 75% of the revenue is derived from +4.8 carat diamonds. Mothae recovered 3, +100 carat diamonds in 2019. The Mothae JORC Classified Resource was recently updated and contains an Indicated and Inferred JORC Resource of 48.5Mt and ~1.2 million carats. The update resulted in a ~280% increase in the Indicated Resource. After 16 months of actual operating results to inform future planning, Lucapa and its partners were investigating the potentia