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- Lucapa Diamond Company (LOM) and its partners have recovered 13 diamonds from its kimberlite bulk sample in Angola
- Eight of the stones are rare Type lla (2a) diamonds
- The sample was processed through the Lulo alluvial plant, with the largest Type IIa diamond recovered weighing 0.59 carats
- The diamonds have a total weight of 4.15 carats and represent the highest number of diamonds recovered to date from any kimberlites sampled in the Canguige catchment
- Lucapa Diamond last traded at 5.8 cents on November 5
Lucapa Diamond Company (LOM) and its partners have recovered 13 diamonds from its kimberlite bulk sample in Angola.
Lucapa and its Project Lulo partners, Endiama and Rosas and Petalas, broke the news following initial processing of the L028 kimberlite bulk sample at the Lulo concession.
The sample was processed through the Lulo alluvial plant, recovering 13 diamonds with a total weight of 4.15 carats. Lucapa said the sample represents the highest number of diamonds recovered from any of the kimberlites sampled in the Canguige catchment to date.
The largest stone recovered was a 0.93 carat white diamond, while the largest Type IIa diamond recovered weighed 0.59 carats. Eight of the 13 stones recovered were classified as Type IIa diamonds.
The company said this is a significant result, as Type IIa diamonds are considered rare, forming less than 2 per cent of global natural rough diamond production. The diamonds are often sought after because of their superior colour, quality and size compared to Type I diamonds.
The sample result is pre-crush, excluding potential diamond recoveries from oversize material still to be processed through the crushing plant.
Managing Director, Stephen Wetherall, said the unusually high portion of rare Type IIa diamonds highlights the importance of the company’s focus on the Canguige catchment.
“Lucapa and our partners look forward to continuing our methodical exploration approach as we bulk sample the remaining priority kimberlites and targets in the Canguige catchment.”
Lucapa Diamond last traded at 5.8 cents on November 5.
