Gem

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”) is pleased to provide an update on the new mine development plan and financing of the 70% owned Mothae kimberlite diamond project in Lesotho, southern Africa (“Mothae”). As quoted in the press release: Lucapa Managing Director Stephen Wetherall said Lucapa looked forward to delivering on …

Lucapa Diamond Company Limited (ASX: LOM) (“Lucapa” or “the Company”) is pleased to provide an update on the new mine development plan and financing of the 70% owned Mothae kimberlite diamond project in Lesotho, southern Africa (“Mothae”).
As quoted in the press release:

Lucapa Managing Director Stephen Wetherall said Lucapa looked forward to delivering on the new and optimised Mothae mine development plan to complement the high-value diamond production from the Lulo mine in Angola. “Mothae was already a compelling project and the optimised mine plan is set to enhance both the economics and production profile, targeting improved returns for all direct and indirect stake holders in the project,” said Mr Wetherall. “We now look forward to bringing Mothae into production early in the second half of 2018 to add a highvalue kimberlite production source to our exceptional Lulo alluvial production.”

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