Join our daily newsletter At The Bell to receive exclusive market insights
- Lucapa Diamond Company (LOM) shares are in the green today after recovering a 215 carat diamond from the Mothae Kimberlite Mine in South Africa
- The jewel is the largest top colour white diamond and the second over-200-carat diamond found at the project
- Lucapa and its partner the Government of the Kingdom of Lesotho aim to increase diamond production by the end of the first quarter of 2021
- On the market this morning, Lucapa is up 6.25 per cent and is trading at 6.8 cents per share
Lucapa Diamond Company (LOM) shares are in the green today after recovering a 215 carat diamond from the Mothae Kimberlite Mine in Lesotho, South Africa.
The stone is the largest top colour white diamond found at the project.
Additionally, the jewel is the second over-200-carat diamond and the fifth over-100-carat diamond recovered from the Mothae mine.
This new find follows December’s recovery of a 101-carat diamond from the Mothae mine.
Lucapa and its partner the Government of the Kingdom of Lesotho (GoL) aim to increase diamond production by the end of the first quarter of 2021.
“The continued recovery of large diamonds at Mothae validates the recent investment decision to expand capacity at the mine,” Managing Director Stephen Wetherall said.
“Lucapa has now produced 23 over 100 carat diamonds, four of which are greater than 200 carats (across the two mines) and we, together with the GoL as mine partner in Lesotho and Endiama and Rosas & Petalas as mine partners in Angola, look forward to many more such exceptional mining recoveries,” he added.
On the market this morning, Lucapa is up 6.25 per cent and is trading at 6.8 cents per share at 10:54 am AEDT.
