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Lucapa Diamond Company Ltd. (ASX:LOM) announced that it has signed agreements to obtain a 35-year license to mine alluvial diamonds at its Angola-based Lulo diamond concession.
Lucapa Diamond Company Ltd. (ASX:LOM) announced that it has signed agreements to obtain a 35-year license to mine alluvial diamonds at its Angola-based Lulo diamond concession.
As quoted in the press release:
The mining licence is the culmination of six years of continuous investment in exploration and bulk sampling programs for kimberlite and alluvial diamonds at Lulo and represents the most critical milestone yet towards Lucapa’s goal of building a premium diamond mining house.
The mining licence covers a 218km2 area within the 3,000km2 Lulo Diamond Concession, which includes more than 50km of the Cacuilo River, its valleys and terraces.
Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.