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- Lucapa Diamond Company (LOM) and its partners recover another diamond of over 100 carats from the Lulo mine in Angola
- Mine operations are conducted through Sociedade Mineira Do Lulo, which recovered the latest 113-carat type IIa diamond
- It’s the 30th diamond of more than 100 carats ever recovered from the mine and the fifth over 100 carats discovered so far this year
- With a bulk sampling plant in operation, LOM’s Managing Director, Stephen Wetherall, says the partners are working hard to realise the primary source kimberlite potential of Lulo
- Lucapa shares last traded at 5.3 cents on September 28
Lucapa Diamond Company (LOM) and its partners have recovered another diamond of over 100 carats from the Lulo mine in Angola.
Lucapa operates the Lulo concession in partnership with Angola’s national diamond company, Endiama, and private Angolan company Rosas & Petalas.
Operations are conducted through Sociedade Mineira Do Lulo, which recovered the latest 113-carat type IIa diamond.
It is the 30th diamond of more than 100 carats ever recovered from the mine and the fifth over 100 carats discovered this year.
Lucapa Managing Director Stephen Wetherall said the alluvial mine continued to produce diamonds of “great size and quality”.
“With the stand-alone kimberlite bulk sampling plant now in operation and processing the priority kimberlite samples, we are working hard to realise the primary source kimberlite potential on the Lulo concession,” Mr Wetherall said.
Additionally, Angolan Minister of Mineral Resources, Petroleum and Gas, Engineer Diamantino Azevedo said the frequency of the discoveries from Lulo had contributed to positioning Angola as one of the major references in the international diamond industry.
Endiama’s Chairman of the Board of Directors, Dr Ganga Júnior, said the partners would continue to work so the results from the mine translated to establishing a world-class mine for the region’s socio-economic development.
Lucapa shares last traded at 5.3 cents on September 28.
