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Lucapa recovers two +100 carat diamonds at Mothae Mine
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  • Lucapa Diamond Company has reported the recovery of two more +100 carat diamonds from the Mothae kimberlite mine in Lesotho
  • One of the stones was 220 carat stone and is the largest of the three +100 carat diamonds recovered to date from Mothae
  • While the two diamonds are not high-quality, they continue to underline the large-stone nature of the Mothae deposit
  • On market close, Lucapa remains steady and selling shares at 13¢ apiece

Lucapa Diamond Company has reported the recovery of two more +100 carat diamonds from the Mothae kimberlite mine in Lesotho.

One of the stones was a 220 carat stone and is the largest of the three +100 carat diamonds recovered to date from Mothae, since commercial production in January 2019.

The other diamond was 127 carat. Both diamonds were recovered from the treatment of recovery tailings. While the two diamonds are not high-quality, they continue to underline the large-stone nature of the Mothae deposit.

Mothae continues to perform well in its first year of commercial production, with another monthly record of 3,096 carats in October.

Mothae is located in Lesotho's diamond-rich Maluti Mountains, within 5 kilometres of Letseng, the worlds highest US$ per carat kimberlite diamond mine.

The project started production early this year and has recovered 10 +50 carat diamonds under Lucapa's ownership. It has over 20 years of mine life on its current 1.1 million tonnes per annum.

Lucapa is a growing diamond company with mines in Angola and Lesotho. It aims to become a leading global producer of large and premium-quality diamonds from alluvial and kimberlite resources.

Its Lulo mine in Angola has produced 13 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world.

Mothae Diamonds are sold by tender in Antwerp. Sales revenues to date in 2019, total is $19.5 million (US$13.5 million). Individual Mothae diamonds have been sold for up to $53,000 (US$36,000) per carat.

On market close, Lucapa remains steady and selling shares at 13¢ a share.

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