Lucapa Receives Expanded Alluvial Diamond Mining License for Lulo

Lucapa Diamond Company Ltd. (ASX:LOM) announced that a new company being formed to mine alluvial diamonds at the Angola-based Lulo diamond project has been granted a “significantly expanded Alluvial Mining Licence Title.”
As quoted in the press release:

The expanded mining licence covers an area of 1,500km2, or 50% of the entire Lulo Concession. This compares to the original mining licence area of 218km2.
Significantly, the expanded mining licence area granted by the Minister extends well beyond the Cacuilo River to include the Lulo River and its numerous, large southern tributaries which drain the main Lulo kimberlite field in the south and the kimberlite province in the north, which Lucapa discovered in 2013.
Artisanal mining activity has highlighted this area as a source of highly prospective alluvial diamonds. The area is highly accessible by a main road running along the south-east border.

Click here to read the full Lucapa Diamond Company Ltd. (ASX:LOM) press release.