US $8.3 million, 1 863 ct diamond record sale by LUCAPA DIAMOND COMPANY

The latest sale of Lulo project (Angola) production by Lucapa Diamond Company (ASX:LOM) reached a new record: 1 863 ct were sold for US $8.3 million (at a US$ 4 452 per carat average price) – ASX Announcement of 07 November.

That announcement follows an earlier dated 27 October describing the continued recovery of large diamonds in the company’s alluvial mining operation in the Lulo Project (Angola), including five white type II-A – 172, 104, 77, 72 and 71 ct – and one 39 ct fancy pink (the largest to date at Lulo).

You may obtain the full ASX announcements on LUCAPA DIAMOND COMPANY (ASX:LOM) here: http://www.lucapa.com.au/announcements.

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Two 50+ ct stones recovered at the Lulo project

Figure 1
57.76 ct type ii diamond recovered from Mining Block 8

Lucapa Diamond Company Ltd. (ASX:LOM) announced the recovery of two 50+ ct diamonds in the Lulo diamond project. The press release highlights:

  • Diamonds weighing 57.76 carats and 50.08 carats among 10 more large special diamonds (>10.8 carats each) recovered from Mining Block 8 at Lulo
  • A total of 24 large special diamonds recovered to date from Mining Block 8
  • Large diamonds being recovered from Mining Block 8 at an exceptional rate, with 22 specials recovered since 10 August 2015
  • Extensive pitting and sampling program underway to expand this prolific alluvial diamond field
  • Significant coarse indicator minerals recovered from Mining Block 8 continue to point to a close kimberlite source.

The press release gives no details on recovered grades, diamond price curves or about the smaller diamonds recovered. You may obtain the full press release here.

Figure 2
Type II diamonds (left): 57.76 ct, 17.97 ct and 12.99 ct. Type I diamonds (right): 50.08 ct, 18.83 ct, 13.83 ct and 11.12 ct. All diamonds from Mining Block 8.


LULO (Lucapa Diamond Company) 1,539 ct parcel sold at 1.500 USD/ct

Lucapa Diamond Company Limited (ASX: LOM) just announced the sale of a fourth parcel of diamonds from the Lulo Diamond Concession in Angola for gross proceeds of A$2.9 million as alluvial mining operations at the project continue to ramp up.

The sale represented an exceptional average price of A$1,870/carat (US$1,500) for the 1,539 carat parcel, demonstrating the exceptional quality and premium value of the alluvial diamonds being currently mined at Lulo.

The latest sale brings to ~A$9.7 million the gross proceeds generated to date from the sale of four parcels of Lulo diamonds totalling 3,856 carats. This represents an average overall sale price of more than A$2,500/carat.

To obtain the news release, just click Fourth-Parcel-of-Lulo-Diamonds-Sells-for-A2.9-Million.

LUCAPA STEPS UP KIMBERLITE DIAMOND PROGRAM AT LULO

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or the “Company”) is preparing to commence the next phase of the the Company’s kimberlite exploration program at the Lulo Diamond Concession in Angola. New program includes extensive further evaluation of four known diamond-bearing Lulo kimberlites as Lucapa steps up its search for the sources of the exceptional alluvial diamonds being mined at Lulo. – March 23, 2015 ASX Announcement.

HIGHLIGHTS

  • More than 80 kimberlite targets to be sampled and/or drilled at Lulo as part of a comprehensive 24-month program which builds on the positive kimberlite exploration results achieved to date.
  • New program to commence in April with extensive further evaluation of four known diamond- bearing pipes at Lulo and laboratory analysis of drill core.
  • First bulk samples also to be excavated from the priority L46 kimberlite, which has been identified as a likely source of the high-grade diamonds recovered from the E46 alluvial area at Lulo.
  • Program includes drilling of 48 priority targets in the western kimberlite province and first testing of 38 targets in the new eastern kimberlite province at Lulo.
  • Kimberlite program will utilise the original 10tph diamond sampling plant at Lulo to enable continuous alluvial diamond mining through main 150tph diamond plant.

You may get the full ASX announcement here: Lucapa-Steps-Up-Kimberlite-Diamond-Program-At-Lulo.

LUCAPA SIGNS 35 YEAR ALLUVIAL DIAMOND MINING LICENCE AGREEMENT IN ANGOLA

Just read the ASX announcement about LUCAPA DIAMOND COMPANY Limited (ASX: LOM) Lulo Project alluvial mining licence agreement. It is another step in the right direction. You can read it here and make your own opinion.

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