Lucapa’s focus on high-quality production is designed to maximise cash flows in a niche sector of the global diamond market where demand and pricing remain robust.
Lucapa’s Lulo diamond project in Angola has produced 11 +100 carat diamonds to date and is the highest US$ per carat alluvial diamond production in the world. Lulo has produced Angola’s two biggest recorded diamonds weighing 404 carats and 227 carats.
Lucapa and its Lulo partners are also conducting a continuous kimberlite drilling program to identify the source or sources of the exceptional alluvial diamonds. Approximately 70 kimberlites have been confirmed in the current drilling campaign.
In diamond-rich Lesotho, Lucapa has commissioned a new 1.1Mtpa diamond plant, and commenced commercial diamond recoveries, at the 70% owned Mothae kimberlite project.
The Mothae kimberlite pipe is a high-quality diamond resource located within 5km of Letšeng, the highest US$ per carat kimberlite diamond mine in the world.
Initial commercial recoveries from Mothae have included D-colour white diamonds weighing 78 carats and 38 carats.
Lucapa’s exploration activities include the discovery of a diamond-bearing lamproite with spectacular micro-diamond results at the Brooking project, which is located within 50km of the former Ellendale diamond mine in Western Australia’s West Kimberley region.
In Botswana, Lucapa is planning to drill kimberlite targets at the Orapa Area F project within the prolific Orapa diamond field in 2019.
Lucapa’s Board and management team have extensive diamond industry experience across the globe with companies including De Beers and Gem Diamonds.