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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

  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

Known for large and high-value diamonds!   Lucapa Diamond Company and its partner, the Government of the Kingdom of Lesotho, announce the re-commencement of scaled mining operations at the Mothae kimberlite diamond mine in Lesotho.   Mothae has remained on care and maintenance since lockdown and isolation measures forced the suspension of operations in late March 2020 to prevent the spread of Covid-19. Mothae has now resumed mining and treatment operations in compliance with advised health measures to ensure the safety of Mothae’s employees and contractors. Mining operations will be scaled to approximately 75% of nameplate capacity due to Covid-19 protocols in place.   Lucapa Managing Director Stephen Wetherall said, “Mothae is an important contributor to the Basotho nation and Lucapa and the Government of Lesotho are excited to have most of our teams and contractors back at the mine.  We too look forward to implementing recently approved marketing initiatives that will see additiona

All together 2 & one more large diamond recovered at late in Quarter recovered Lucapa Diamond Company provides an overview of its achievements during the December 2018 Quarter. These included two of the most important milestones in Lucapa’s history, which will underpin an exciting new era of growth for the Company:   1: Commencement of commercial diamond recoveries at the new 1.1Mtpa Mothae kimberlite mine in Lesotho, delivering high-value production from a second African diamond mine, 2: The approval of historic new diamond marketing regulations in Angola enabling Lucapa and its partners to commence marketing large and exceptional diamonds from the Lulo alluvial mine via an international competitive bid process. These milestones have positioned Lucapa to achieve another strategic goal in 2019: ‘To pursue its value-adding partnerships with leading global manufacturers and diamantaires for the cutting and polishing of select high-value diamonds.’ Mothae

The high-quality nature of this production from Lulo and Mothae Lucapa Diamond Company Limited and the Government of the Kingdom of Lesotho announce a commercial diamond recoveries have commenced through the new treatment plant at the high-quality Mothae kimberlite diamond mine in Lesotho.   Lucapa Managing Director Stephen Wetherall said the commencement of commercial recoveries through the new Mothae plant represented another key milestone in Lucapa’s strategic development plan. “Lucapa is on track to become one of a few listed diamond companies globally with production from more than one operating mine. The high-quality nature of this production from Lulo and Mothae will also enable the group to further its value-enhancing downstream strategy through partnerships with global diamantaires, where discussions are well advanced.” Lucapa’s flagship asset is the Lulo Diamond Project in Angola, which is a prolific producer of large and premium-value alluvial diamond