MOTHAE KIMBERLITE MINE

Lucapa owns 70% of the high-value Mothae kimberlite mine in Lesotho in partnership with the Government of the Kingdom of Lesotho (30%).

Mothae is located in the diamond-rich Maluti Mountains within 5km of Letseng, the world’s highest US$ per carat kimberlite diamond mine.

Lucapa completed construction and commissioning of a new 1.1 Mtpa diamond plant at Mothae in Q4 2018 and commenced commercial diamond production in January 2019, complementing the high-value production from Lulo.

The mine operated significantly ahead of plan in its first full quarter of commercial production in Q1 2019, including a 54% increase in carats produced and a 29% improvement in the average diamond grade.

The Q1 2019 production included 138 +4.8 carat diamonds, including 42 Specials and rare Type IIa and IIb diamonds.

Recoveries to date have included five +50 carat diamonds, underlining Mothae’s status as a large stone resource.