Lucapa Adds 43-Carat Yellow Diamond To Its Major Finds

Mining and Exploration
17/01/2018 13:02

The impressive rough diamond recoveries by Australian miner Lucapa Diamond Co. from the Lulo Diamond Project in Angola continue at pace, with the latest recoveries including a 116-carat low-quality diamond and a 43-carat yellow gem. The 43-carat yellow is the largest colored gem-quality diamond recovered to date from Lulo, surpassing the 39-carat pink recovered in September 2016. Both stones were unearthed from Mining Block 8 at Lulo. The 116 carat stone was recovered through the XRT large-diamond recovery circuit installed at Lulo in late 2016. It is the 10th +100 carat diamond recovered to date from Lulo and the second +100 carat recovered within the first three weeks of 2018.

The company's announcement notes that while a low-quality boart stone, the 1116-carat diamond continues to underline the special large-stone nature and potential of the Lulo diamond project. congratulates the Government of the Kingdom of Lesotho and its neighbor in Lesotho, Letšeng Diamonds, which is 70% owned by London-listed Gem Diamonds Limited, on the recovery of a spectacular 910-carat diamond, which is reported to be the 5th largest gem-quality diamond ever recovered. They further note that the Letšeng diamond mine is located within 5km of Lucapa’s 70% owned Mothae kimberlite mine, which previous trial mining has shown to be a source of large and premium-value diamonds (Refer ASX announcement 31 January 2017). Mothae remains on track for commissioning in H2 2018, delivering Lucapa a second complementary high-value production source to Lulo. Lucapa will provide a further update on development progress at Mothae in the Company’s activities report for the December 2017 Quarter.