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The 4th +100 carat diamond recovered in 2022    Lucapa Diamond Company announces the recovery of a 131 carat white Type IIa diamond by Sociedade Mineira Do Lulo (SML). The 131 carat stone is the 29th +100 carat diamond ever recovered and the 4th +100 carat diamond recovered at Lulo in 2022.  In a comment on the occasion, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said “Angola has proven, yet again, its enormous diamond potential. I am absolutely convinced that with discoveries of this nature we will be, in the near future, among the biggest diamond producers in the world. Companies can always count on the Ministry's full institutional support to ensure the proper performance of their operations.”    The Chairman of the Board of Directors of Endiama E.P, José Manuel Ganga Júnior, commented “The discovery of another large and high-quality diamond demonstrates the quality of the partnership between Endiama, Rosas & Petalas and Lucapa Di...

Rough diamond price rock over by 40%   Lucapa Diamond Company Limited presented its unaudited financial results for the year ended 31 December 2021. During the period, record operational performances from both SML and Mothae diamond mine with record volumes processed, carats recovered & sold and exceptional diamond recoveries. Lulo exploration sampling includes the discovery of 13 diamonds from the Canguige catchment area, including eight Type IIa diamonds, three new high-interest targets identified at Brooking, WA and successful completion of a A$21.7 million capital raising to fund the 100% acquisition of Merlin diamond mine, expedite exploration programs, advance feasibility studies and general working capital. The completion of the acquisition of Merlin for a total consideration of A$8.5 million and release of Scoping Study showing strong economics for a long-life mine. Lucapa Diamond published the Merlin Scoping Study demonstrating strong economics for a long-life mine:...

Mothae produce large and high-value diamonds   Lucapa Diamond Company announced the results of the third diamond sale in 2021 from the Mothae kimberlite mine in Lesotho. The 3,617 carat parcel of rough diamonds was sold for US$420/ carat or US$1.5 million (A$2.0 million or A$543/ carat).   As per the Diamond Sales and Purchase Agreement with Safdico International, Mothae will receive a minimum average cash flow value of US$630/ carat for the first twelve months of the Agreement. The difference between minimum average cash flow value and the selling price will be recouped by Safdico from sales delivered in the future with an average price higher than US$630/ carat. As per the Mothae JORC Resource Statement announced to the ASX on 15 October 2020, the South lobe of the Mothae kimberlite has an expected modelled value range of US$377 to US$748 for its three zones (average of US$635/ carat). The total average diamond price achieved in the three sales to date in 2021 is US$93...

Impacting both rough and polished diamond prices!   Lucapa Diamond Company Limited presented its activities report for the Fourth Quarter (4Q) ending 31 December 2020. The consumption and strong demand that saw the diamond industry commence its recovery in Q3 2020 continued into the festive period, favourably impacting both rough and polished diamond prices. This momentum has continued into 2021.   Key Highlights that includes 1: Lulo & 2: Mothae.   1: Lulo, a: Two +100 carat diamonds recovered, one from MB46 adjacent to the Canguige catchment area, b: Record annual diamond production and carat sales at Lulo & c: Delivery of 15.2 carat polished pink diamond from Lulo’s cutting & polishing partnership. 2: Mothae, a: Recommencement of scaled mining operations at Mothae, b: One +100 carat diamond recovered, Mothae’s most valuable diamond recovered to date, c: Mothae signed a new marketing agreement, including a cutting & polishing partnership, d: ~280% ...

18th +100 carat diamond recovered on the Lulo concession to date Lucapa Diamond Company announced the recovery of the 18th +100 carat white diamond by Sociedade Mineria Do Lulo from its Lulo alluvial mine in Angola.   The recovery of this second +100 carat diamond from Mining Block 46 (MB46), a 104 carat D-colour white stone, so soon after the 113 carat D-colour white stone, indicates the potential for these blocks as we move deeper into the southern terraces. In addition, the proximity of MB46 to the high priority kimberlites in the Canguige catchment further reinforces their prospectivity. Lucapa is a niche diamond producer with high-value mines in Angola (Lulo) and Lesotho (Mothae). The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with >75% of revenues generated from the recovery of +4.8 carat stones. Lulo has produced 18 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the w...

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 ...

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...

  Lulo get an average rough price of US$1,550 a carat   Lucapa Diamond Company and its partners Endiama and Rosas & Petalas are announce the results from the latest sale of diamonds from the Lulo alluvial diamond mine in Angola, Sociedade Mineira Do Lulo. A total of 4,269 carats of Lulo diamonds sold for gross proceeds of US$6.6 million (A$9.0 million) on a 100% basis, representing an average price of US$1,550 (A$2,100)/ carat. Sales year to date amounts to US$28.0 million (A$40.1 million) from 20,397 carats at US$1,371  (A$1,967)/ Carat.  Lucapa is a niche diamond producer with high-value mines in Angola (Lulo) and Lesotho (Mothae).  The Lulo alluvial mine and Mothae kimberlite mine both produce large and high-value diamonds, with  >75% of revenues generated from the recovery of +4.8 carat stones.    Lulo has produced 15 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world. L...

  Lucapa sales over 10K carats year to date   Lucapa Diamond Company Limited presents its activities report and results for the Quarter ending 30 September 2020, Q3 2020 with Lucapa’s operational highlights for the Quarter include, 1: Record Quarter diamond production at Lulo with 9,387 carats recovered, 2: Bulk sampling completed at L071 and L072 resulting in the recovery of 1.33 carats from L071 including a 0.25 carat Type IIa diamond.   3: Completion of three diamond sales by SML, realising US$11.6m (A$16.3m), 4: Restructuring of the group’s borrowings successfully completed, 5: Approval of the Mothae kimberlite mine restart plan, 6: New diamond marketing channel approved by the Government of Lesotho, 7: ~280% increase in the Indicated Resource at Mothae.   SML’s operations at Lulo were partially impacted during the Quarter by the State of Emergency implemented in Angola because of the Covid-19 pandemic and presidential decrees regulating personnel movement...

  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, ...

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...

  A white diamond of D-colour Type IIa at Lulo   A new monthly carat recovery record of 3,852 carats Lucapa Diamond Company report a second consecutive monthly record for carats recovered from the Lulo alluvial mine in Angola. 3,852 carats were recovered by Lulo from the MB06 leziria area in August 2020, which included 52 specials. This is the second consecutive month in which a carat recovery record has been achieved by the team at Lulo in spite of the challenges placed on personnel movement and the operations as a result of Covid-19. Mining in July and August 2020 concentrated on the MB06 flood plain (leziria) which included the area made accessible by the recently completed river diversion. The gravel deposits in this MB06 leziria area have been largely contiguous, contained thick gravel layers and of high grade. The largest diamond recovered from the MBO6 leziria area is a 61 carat white D-colour Type IIa diamond.   Lulo leziria areas and 61 carat white D-colour...

Slowed very early in the Quarter 2 As a result of the Covid-19! Lucapa Diamond Company Limited presents its activities report and results for the Quarter 2, ending 30 June 2020. Lucapa’s operational of the Quarter include, 1: Delineation drilling at Lulo kimberlite L071 completed and bulk sampling commenced, 2: Delineation drilling at Lulo kimberlite L072 commenced, 3: SML commenced staged ramping of alluvial diamond production back to full capacity. 4: 15th +100 carat diamond recovered by SML, 5: Lulo higher-grade alluvial deposit identified at Mining Block 06, 6: Completion of two diamond sales by SML and Mothae, realising US$4.0m (A$6.1m) at an average of US$546 (A$833)/ carat & 7: Successful rights issue completed by Lucapa raising A$5.2m (before costs). SML’s operations were slowed very early in the Quarter to essential operations as a result of the Covid-19 pandemic, but due to the easing of certain restrictions during the Quarter, SML was able to bring p...

130 carat diamond recovered at Lulo Lucapa Diamond Company and its partners Endiama and Rosas & Petalas are announced the recent recovery of a 130 carat gem quality diamond from the Lulo Diamond Project in Angola. The 130 carat diamond is the 13th +100 carat diamond recovered to date and the second recovered so far in 2019. This recovery, together with the continued recovery of other large Special white and fancy coloured diamonds continues to highlight the very special nature of the Lulo diamond concession. The 130 carat diamond adds to the current inventory of high-value large Special run-of-mine diamonds, including top colour white diamonds, weighing 128 carats and 62 carats, as well as a number of fancy pink coloured diamonds. The majority of the diamond inventory is scheduled for sale this quarter by the alluvial mining company, Sociedade Mineira Do Lulo; however, some diamonds may be extracted and held for tender at a later date. Lucapa’s flagship asset i...

Unearths 128 carat of top colour white Type IIa stone Lucapa Diamond announces the recovery of a 128 carat diamond from the Lulo alluvial mine in Angola. The 128 carat diamond is the 12th +100 carat diamond recovered to date from Lulo, continuing to underline the large-stone nature of the prolific Lulo diamond field. It was among the Specials recovered recently from Mining Block 6, along with a 7.5 carat fancy purple pink gem. Testing on a Yehuda colorimeter has confirmed the 128 carat stone is a top-colour white Type IIa diamond. 128 carat top-colour white Type IIa diamond, the 12th +100 carat diamond recovered to date from Lulo The recovery of the 128 carat diamond and 7.5 carat fancy purple pink follows the recent historic tender of seven large, top-quality Lulo diamonds achieving US$16.7 million (US$22.9 million) at an exceptional average price of US$33,530 per carat in the first international sales event under Angola’s new diamond marketing regulations. Th...

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.’ Mot...