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Lucapa Diamond Company (ASX: LOM) - CEO, Stephen Wetherall
CEO, Stephen Wetherall
Source: Lucapa Diamond Company
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  • Lucapa Diamond Company (LOM) and its partners have recovered three diamonds of more than 100 carats from its Lulo alluvial diamond mine in Angola
  • The company has catalogued a 131-carat Type IIa D-colour diamond, a 118-carat brown diamond and a 133-carat stone in a lower-quality grey
  • Six diamonds of more than 100 carats have been recovered from Mining Block 46 in the last three months
  • Lucapa is trading flat at 6.5 cents per share

Lucapa Diamond Company (LOM) and its partners have recovered three diamonds of more than 100 carats from its Lulo alluvial diamond mine in Angola.

Lucapa is a diamond producer with high-value mines in Angola and Lesotho. The Lulo mine in Angola has produced 22 diamonds of more than 100 carats to date, including a 404-carat D-colour Type IIa stone. The mine is one of the highest average U.S. dollar per carat alluvial diamond producers in the world.

Lucapa and its partners, Empresa Nacional de Diamantes E.P and Rosas & Petalas recovered a 131-carat Type IIa D-colour diamond, a 118-carat brown diamond and a 133-carat stone in a lower-quality grey.

Six diamonds of more than 100 carats have been recovered from Mining Block 46 in the last three months.

The company says this reaffirms its recent elevation to the Lulo mining block, which has a large-carat diamond occurrence rate of one diamond of more than 100 carats for every roughly 20,000 billion cubic metres of gravel.

The Canguige catchment and adjacent priority kimberlites are already the focus of the Lucapa’s Lulo JV kimberlite exploration program, and, according to the company, the frequent recovery of large high-value diamonds underpins the prospectivity of this area.

Lucapa is trading flat at 6.5 cents at 10:15 am AEDT.

 

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