- Lucapa Diamond Company (LOM) and its partner have secured their third diamond sale from the Mothae kimberlite mine in Lesotho
- A 3617-carat parcel of rough diamonds sold for US$420 per carat (roughly A$543), totalling US$1.5 million (around A$2 million)
- This brings the total average diamond price achieved across the three sales from Mothae this year is US$936 (around A$1206) per carat
- Lucapa shares are trading flat at 6.1 cents
Lucapa Diamond Company (LOM) and its partner have secured their third diamond sale from the Mothae kimberlite mine in Lesotho.
Lucapa and its partner, the Government of the Kingdom of Lesotho, have sold a 3617-carat parcel of rough diamonds for US$420 per carat (roughly A$543), bringing the total sale to US$1.5 million (around A$2 million).
This brings the total sales acheived over the year to date from both Lucapa’s Mothae kimberlite mine in Lesotho and its Lulo alluvial mine in Angola to US$22.5 million (roughly A$29.1 million), with 19,224 carats sold to date.
In line with a diamond sales and purchase agreement Lucapa holds with Safdico International, Mothae will receive a minimum average cash flow value of US$630 (approximately A$816) per carat for the first twelve months of the agreement. The difference between the minimum average cash flow value and the selling price will then be recouped by Safdico from sales delivered in the future with an average price higher than US$630 per carat.
The south lobe of the Mothae kimberlite mine has an expected modelled value range of US$377 to US$748 per carat (roughly A$488 to A$969) across its three zones.
The latest deal brings the total average diamond price achieved across the three sales from Mothae this year is US$936 (around A$1206) per carat.
Lucapa shares are trading flat at 6.1 cents at 10:05 am AEST.