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Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a ninth package of alluvial diamonds from its Angola-based Lulo diamond project.
Lucapa Diamond Company Ltd. (ASX:LOM) announced that it’s sold a ninth package of alluvial diamonds from its Angola-based Lulo diamond project.
As quoted in the press release:
The parcel of 178 carats generated gross revenues of A$420,000 representing an average selling price of A$2,360 per carat for a “run of mine” Lulo alluvial diamonds.
While the latest sale parcel weight was the smallest sold to date due to the reported plant downtime, the conclusion of the sale is in line with Lucapa’s strategy of generating regular and increasing cash flows, as detailed in the ASX announcement of 18 January 2016.
Lucapa notes that the premium average selling price achieved in the latest sale is consistent with recent commentary of positive sentiment in the market for large quality diamonds like those being recovered at Lulo.
Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.