Lucapa Diamond Company (ASX:LOM) and its partners Endiama and Rosas & Petalas report the recovery of a 160-carat white Type IIa diamond by Sociedade Mineira Do Lulo.
The 160-carat diamond is the 28th +100 carat diamond recovered at Lulo and was mined from the same alluvial mining block as the Lulo Rose, the 170-carat pink coloured diamond recovered in July 2022.
The 160-carat diamond is the 6th largest recovered at Lulo to date
Lucapa notes that the 160-carat diamond is the 6th largest recovered at Lulo to date. Lulo is a 3,000km-square concession in Angola’s Lunda Norte diamond heartland, some 630km east of the Angolan capital of Luanda.
The Lulo mine has been in commercial production since 2015.
As noted in the 2022 half year report, SML transitioned to the lezirias (flood plains) towards the end of the first half of the year. Diamond recoveries have been strong with over 100 specials (diamonds weighing more than 10.8 carats) recovered in the past 2 months.
Lucapa is an ASX-listed diamond miner and explorer with assets in Africa and Australia. It has interests in 2 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 per carat for rough diamonds globally.
In 2021, through its wholly owned subsidiary, Australian Natural Diamonds, Lucapa completed the strategic and transformative acquisition of the Merlin Diamond Project, an historic Australian mine containing a 4.4 million carat JORC (2012) compliant Mineral Resource with significant exploration potential.
The company published an updated Scoping Study re-enforcing the significant economic potential for a long-life mine at Merlin with a production target of 2.1 million carats. A feasibility study is expected to be completed by Q3 2022.
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.
Images: Lucapa Diamond Company Ltd