- Lucapa Diamond Company (LOM) and its partners have discovered a 114-carat diamond at the Lulo alluvial mine in Angola
- It’s the third 100-plus-carat diamond to be retrieved from Mining Block 46 in the last eight weeks, and the nineteenth from the project
- The company is preparing to continue bulk sampling of the priority kimberlites at Lulo as the wet season comes to an end
- Shares last traded at 6.5 cents
Lucapa Diamond Company (LOM) and its partners have discovered a 114-carat diamond at the Lulo alluvial mine in Angola.
Lulo is a 3000-square-kilometre concession located approximately 630 kilometres from Angola’s capital Luanda in the Lunda Norte diamond heartland.
Lucapa operates Lulo in partnership with Rosas & Petalas and Angola’s national diamond company, Empresa Nacional de Diamantes.
The 114-carat IIa-D colour white diamond is the nineteenth 100-plus-carat diamond to be uncovered at the Lulo concession.
The discovery is also the third 100-plus-carat diamond to be retrieved from Mining Block 46 (MB46) in the last eight weeks.
This makes MB46 the most prolific block mined to date at Lulo in terms of the occurrence rate of diamonds in gravel processed.
Lucapa asserts the frequency of recoveries at MB46 underlines the prospectively of the Canguige catchment as well as the adjacent priority kimberlites.
The company is preparing to continue bulk sampling of priority kimberlites as the wet season comes to an end.
Shares last traded at 6.5 cents at 10:18 am AEDT.