LULO DIAMOND PROJECT

The Lulo Diamond Project is a 3,000km2 concession in Angola’s Lunda Norte diamond heartland, approximately 630km east of the Angolan capital of Luanda.

Lucapa operates the Lulo concession in a partnership with Empresa Nacional de Diamantes E.P. (Endiama), Angola’s national diamond company, and private partner Rosas & Petalas.

The Lulo partners have been conducting alluvial and kimberlite exploration activities continuously at Lulo since 2008. This exploration work has identified vast alluvial diamond fields hosting diamonds of exceptional quality and value, including a significant proportion of high-end Type IIa gems and fancy colours (pinks and yellows).

In addition, two kimberlite provinces have been identified at Lulo containing ~300 kimberlite targets.

Commercial alluvial diamond mining operations commenced at Lulo in January 2015.