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Lucapa Diamond (ASX:LOM) has announced its quarterly activities report for the period ending June 30, 2016. As quoted in the press release: Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or “the Company”) operates the Lulo Diamond Project (“Lulo”), a 3,000km concession in Angola’s Lunda Norte diamond heartland located within 150km of CAtoca, the world’s fourth biggest …
Lucapa Diamond (ASX:LOM) has announced its quarterly activities report for the period ending June 30, 2016.
As quoted in the press release:
Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or “the Company”) operates the Lulo Diamond Project (“Lulo”), a 3,000km concession in Angola’s Lunda Norte diamond heartland located within 150km of CAtoca, the world’s fourth biggest diamond mine.
Lulo generates strong cash flows from alluvial mining operations where it recovers large premium-value diamonds of up to 450 carats. Special diamonds account for more than 90 percent overall diamond revenues, underlining the unique large diamond nature of the resource and its future potential.
Lucapa and its partners, Endiama and Rosas & Petalas, are advanced in their search to identify the primary kimberlite source or sources of these exceptional alluvial diamonds, with a priority kimberlite drilling program commencing at the end of the June 2016 Quarter (“Quarter”).