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.