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.
The Lulo concession hosts vast alluvial diamond fields producing diamonds of exceptional quality and premium value. Lucapa has also discovered two extensive kimberlite provinces at Lulo.
Lucapa has been conducting alluvial and kimberlite exploration activities continuously at Lulo since 2008 and has been mining alluvial diamonds since January 2015.
The Lulo concession is accessed by sealed main roads, with a workforce readily sourced from local towns.
Angola is the world’s fourth biggest producer of diamonds by value and is actively encouraging foreign investment in its diamond industry. Angola’s potential for new diamond discoveries is recognised by the world’s two biggest diamond mining companies, Alrosa and De Beers.