Lucapa’s focus on high-quality production is designed to maximise revenues in a niche high-end sector of the global diamond market where demand and pricing remain robust.
Lucapa’s Lulo diamond mine in Angola has produced 12 +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. More than 70 kimberlites were confirmed in the most recent drilling campaign completed in 2018.
Lucapa commissioned a new 1.1Mtpa diamond plant in January 2019 at the Mothae kimberlite project in diamond-rich Lesotho, southern Africa.
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.
Production results from Mothae for the first full quarter of production in Q1 2019 were well ahead of plan, including a 54% increase in carats recovered.
Lucapa’s earlier-stage exploration projects include Brooking in Western Australia and Orapa Area F in Botswana.
Lucapa’s Board and management team have extensive diamond industry experience across the globe with companies including De Beers and Gem Diamonds.