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Lucapa Diamond Company Ltd (ASX:LOM) has assured investors operations at the company’s Lulo alluvial diamond mine in Angola are now back on track, with a blockade organised by community leaders – and announced a little earlier in February – being peacefully resolved.
Although monthly guidance for carat recoveries is not expected to be affected by the political action – given diamond processing had continued during the blockade – operating entity Sociedade Mineira Do Lulo (SML) will be seeking to mitigate any potential impact through a review of its mining plan.
In particular, it will be looking at overburden stripping and gravel mining which were taken offline during the community’s short-lived February blockade.
Also recommencing will be kimberlite bulk sampling, as previously mined samples are taken to the bulk sampling plant to be processed.
Lucapa reiterated SML would continue its commitment to social programs within the local community, which would continue throughout the mine life of the project, which is located in Angola’s Lunda Norte region.
Shares in LOM have been trading at 1.5 cents.
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