Join our daily newsletter At The Bell to receive exclusive market insights
- Lucapa Diamond Company (ASX:LOM) and its partners, Endiama and Rosas & Petalas unearth a 235-carat type IIa diamond from its Lulo alluvial mine in Angola
- The diamond is the second largest recovery from the mine to date and is the 40th recovered diamond measuring more than 100 carats.
- The recovery comes a week after a 208-carat type IIa diamond was discovered at the start of November
- The diamond is to be included in a special tender, along with the company’s 123 and 208-carat Lulo diamonds later this month by Sodiam E.P in Luanda
- LOM shares are up 9.38 per cent, at 3.5 cents at 11:34 am AEDT
Lucapa Diamond Company (ASX:LOM) and its partners, Endiama and Rosas & Petalas, have recovered a 235-carat Type IIa diamond from its Lulo Alluvial Mine in Angola.
The diamond is the second-largest recovery from the mine to date and is the 40th recovered diamond measuring more than 100 carats. It’s also the fourth diamond to be recovered measuring more than 200 carats.
The recovery comes a week after a 208-carat type IIa diamond was discovered at the beginning of November.
“Lulo continues to demonstrate it is a prolific producer of large diamonds, to unearth three +100 carat diamonds – with two being over 200 carats in such a short space of time from different areas of the concession, makes us more determined to find the primary source, by dedicating even more resources to the exploration program,” LOM Managing Director Nick Selby said.
The 235-carat stone was recovered from Mining Block 550, immediately south of Mining Block 19, an area that has yielded eight diamonds of more than 100 carats.
The diamond will be included in a special tender, along with the company’s 123 and 208-carat Lulo diamonds, later this month by Sodiam E.P in Luanda.
LOM shares were up 9.38 per cent, at 3.5 cents at 11:34 am AEDT.
