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Showing posts with the label diamond recovery

Lulo Alluvial Resource increased by 15%: 2Q report

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  Resources of 5.8mn, equivalent of at least eight years of production    Lucapa Diamond Company Limited announce its Quarterly Activities Report for the quarter ended 30 June 2025 (the Q2). In relation to Lucapa’s 40% interest in Sociedade Mineira Do Lulo, Lda, Lucapa advise; 1: In Q2, 9,325 carats were recovered as mining continued in the high grade leziria (floodplain) areas during the start of the dry season. This has resulted in a 104% increase in carats compared with Q2 2024. 2: During the Quarter, 7,124 carats were sold through a tender and two run-of-mine sales, generating revenue of US$16.5 million at an average price per carat of US$2,323. Combined with the strong start to the year, revenue is 8% up year to date, when compared to this time last year.    Lulo Alluvial Resource – Angola, as announced to the ASX on 10th April 2025 the Lulo Alluvial Resource has been updated and shows that due to the exploration work carried out during 2024 and despite...

Rough production fall 4% YoY at Mountain Province

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6,518,261 carats of diamond recovered during FY 2020 3,329,289 carats sold at an average value of US$51 per carat  Mountain Province Diamonds announces production and sales results for the fourth quarter ended December 31, 2020 from the Gahcho KuĂ© Diamond Mine. 9,796,823 total tonnes mined during the quarter, a 12% decrease on comparable period of Q4 2019 had recorded for 11,089,408. 35,870,474 total tonnes mined during FY 2020, a 17% decrease from comparable period of FY 2019 which had registered 43,224,827.   1,521,617 carats recovered during the quarter at an average grade of 2.07 carats per tonne, 23% lower than comparable quarter (Q4 2019: 1,977,438 carats at 2.11). 6,518,261 carats recovered during FY 2020 at an average grade of 2.01 carats per tonne, 4% slightly lower than comparable period (FY 2019: 6,820,631 carats at 1.90). According to Mountain Province Diamonds Q4 and FY 2020 diamond sales report, Q4 2020 diamond sales totaled 957,120 carats sold at an average ...

Brooking recovered seven diamonds!

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72 chromites recovered from recent loam and stream sampling Sampling results indicate the presence of three new lamproites   Lucapa Diamond Company reports the positive results from the latest sampling work carried out at the Brooking Diamond Exploration Project in Western Australia’s West Kimberley lamproite province which included the recovery of a total of seven diamonds, of which two are macro-diamonds (>0.5mm diameter).   A total of 72 chrome spinels (or chromites), visually identified as a type associated with lamproites, were also recovered from loam and stream sampling. A follow up exploration program involving heavy mineral stream and loam sampling complemented with soil geochemistry sampling was undertaken at Brooking over six identified target areas. Strong Likelihood of Lamproite Pipes: The results of this sampling indicate the presence of three new lamproites with two targets showing similar soil geochemistry to previously discovered lamproites at Brookin...