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- Lucapa Diamond Company (LOM) completes the construction of the crushing circuit of standalone kimberlite bulk sampling plant in Angola
- The company said the standalone plant is scheduled for commissioning this quarter
- After the completion, the company and its Project Lulo joint venture partners will be expediting and processing the kimberlite bulk samples at a significant higher rate of around four samples per quarter
- On the market, Lucapa Diamond is up 1.3 per cent and trading at 7.8 cents per share
Lucapa Diamond Company (LOM) has completed the construction of the crushing circuit of the standalone kimberlite bulk sampling plant in Angola.
The company said the standalone plant is scheduled for commissioning this quarter.
After the completion, the company and its Project Lulo joint venture partners, Endiama and Rosas & Petal, will be expediting and processing the kimberlite bulk samples at a significant higher rate of around four kimberlite bulk samples per quarter.
The key objective of the kimberlite bulk sampling program is to find the primary source pipe of the high-value diamonds being recovered in the alluvial mining operations and to assist in a preliminary economic assessment of the potential source discoveries.
“With the injection of additional funding into the exploration program post the pandemic impact on progress, the advanced Lulo kimberlite exploration program will now deliver kimberlite bulk sampling results on a very regular basis,” Managing Director Stephen Wetherall said.
“The partners look forward to furthering our work on the priority kimberlites and to identifying potentially economic sources.”
On the market, Lucapa Diamond was up 1.3 per cent and is trading at 7.8 cents per share at 12:30 pm AEST.
