Lucapa owns a 70 percent stake in the diamond mine, while the Lesotho government owns the remaining 30 percent.
Lucapa Diamond Company (ASX:LOM) and the Government of the Kingdom of Lesotho have announced the discovery of an 89-carat yellow diamond from the Mothae diamond project in Lesotho. Lucapa owns a 70 percent stake in the diamond mine, while the Lesotho government owns the remaining 30 percent.
Lucapa also has ongoing projects in Angola Australia and Botswana.
As quoted from the press release:
The 89-carat yellow diamond was recovered from the current bulk sampling program at Mothae as construction of the new 150 tonne per hour commercial diamond plant continues on schedule for H2 2018 commissioning.
As previously announced, the bulk sampling program is designed to expand and improve the current Mothae JORC Resource by processing areas of the kimberlite pipe which are either not included in the resource or where Lucapa believes there has been insufficient historical sampling. The 89 carat yellow was recovered from the first few days of processing kimberlite material from the south-east zone.
Lucapa’s managing director Stephen Wetherall said the recovery of such a large diamond so early in the bulk sampling program provides further proof that like the neighboring Letšeng mine, Mothae is another source of large diamonds.
“Having recently recovered a 25-carat yellow diamond from the previously untested neck zone in our bulk sampling program, we are tremendously encouraged that this 89 carat diamond was recovered from the south-east zone, an area of the Mothae kimberlite pipe where there has been very limited historical testing,” said Mr Wetherall.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1852.38 | -14.90 | |
Silver | 21.81 | -0.32 | |
Copper | 4.24 | -0.07 | |
Palladium | 2001.00 | +4.00 | |
Platinum | 944.00 | -12.00 | |
Oil | 111.23 | +1.46 | |
Heating Oil | 3.73 | +0.07 | |
Natural Gas | 8.90 | +0.10 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.