9th November 2024
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Angola’s Lulo diamond mine recovers 203 carat type IIa diamond

Standard Lesotho Bank launches groundbreaking M11 million cashback rewards for loyal customers footer
Standard Lesotho Bank launches groundbreaking M11 million cashback rewards for loyal customers footer
Angola’s Lulo diamond mine recovers 203 carat type IIa diamond

203-carat diamond is the 5th largest diamond to be recovered from Lulo Alluvial Mine

Silence Charumbira

LUCAPA Diamond Company Limited’s Angola mine, Lulo has announced the recovery of a majestic 203 carat Type IIa diamond.

The diamond is the fifth largest and the 43rd over 100-carat diamond to be recovered from the Lulo Alluvial operations since mining commenced.

“The 203 carat Type IIa diamond was recovered during the processing of run-of-mine stockpiled ore and its recovery follows those of the 162 and 116 carat diamonds on successive days in February 2024,” managing director Nick Selby, said in a statement.

Lucapa is an ASX listed diamond miner and explorer with assets in Africa and Australia. It has interests in two producing diamond mines in Angola (Lulo, in which LOM holds 40%) and Lesotho (Mothae, in which LOM holds 70%).

The large, high-value diamonds produced from these two niche African diamond mines attract some of the highest prices/ carat globally.

The Lulo mine has been in commercial production since 2015, while the Mothae mine commenced commercial production in 2019.

In 2021, through its wholly owned subsidiary, Australian Natural Diamonds Pty Ltd, Lucapa completed the strategic and transformative acquisition of the Merlin Diamond Project, an historic Australian mine in the Northern Territory of Australia.

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Lucapa and its project partners are also exploring for potential primary source kimberlites or lamproites at the prolific Lulo concession in Angola, the Brooking project in Australia and the Orapa Area F project in Botswana.

The Board, management and key stakeholders in Lucapa have deep global diamond industry experience and networks all through the value chain from exploration to retail.

FOR MORE CHECK OUT: Lucapa ASX Announcement

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