LULO DIAMOND PROJECT

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

Over the past decade, exploration by Lucapa and its partners has been successful in proving up one of the world’s most prolific alluvial diamond fields at Lulo, along with >100 kimberlite pipes.

Lucapa and its partners Endiama (Angola’s national diamond company) and Rosas & Petalas commenced mining the alluvial diamonds in 2015 through mining company Sociedade Mineira Do Lulo. The average US$ sales prices achieved for Lulo diamonds are the highest of any alluvial mine in the world.

Kimberlite exploration is conducted by the Lulo partners through the separate Projecto Lulo joint venture. This exploration is designed to locate the hard-rock sources of the exceptional Lulo alluvial diamonds.

Lucapa is the operator of both the alluvial mining and kimberlite exploration activities at Lulo.