Lucapa is a growing global diamond producer with high-value mines in Angola (Lulo alluvial mine) and Lesotho (Mothae kimberlite mine).
Lucapa is listed on the Australian Securities Exchange (ASX), with a secondary listing on the Frankfurt Stock Exchange.
Lulo and Mothae both produce large and high-value diamonds, generating >75% of their revenues from the recovery of +4.8 carat stones.
Diamond production is being scaled up at both mines, with combined recoveries from Lulo and Mothae forecast to exceed 60,000 carats in 2020.
Lulo has produced 14 +100 carat diamonds to date and is one of the world’s highest average US$ per carat alluvial diamond producers. Lulo has produced Angola’s two biggest recorded diamonds weighing 404 carats and 227 carats.
Lucapa and its Lulo partners are also searching for the primary kimberlite sources of these exceptional alluvial gems, with the exploration focus moving to five prospective pipes and two anomalies in Canguige catchment following highly-encouraging results received in February 2020.
Lucapa’s second high-value mine, the 1.1 Mtpa Mothae kimberlite project in diamond-rich Lesotho, commenced production in January 2019. Mothae produced 145 Specials (+10.8 carat diamonds) including three +100 carat diamonds in its first year of commercial production.
The commencement of production at the new Mothae mine, coupled with the transformative new diamond marketing laws introduced in Angola, has enabled Lucapa and its partners to pursue additional margins beyond the mine gate through cutting & polishing partnerships.
Lucapa’s Board and management team have decades of diamond industry experience across the globe with companies including De Beers and Gem Diamonds.