Lucapa Releases First Half 2018 Results

As quoted from the press release:

Lucapa, with its respective project partners, made significant advancements across its suite of diamond projects during the six months that ended June 30, 2018, including:

• Mining large premium-value diamonds at Lulo, continuing to deliver the world’s highest US$ per carat alluvial diamond production
• Continuation of the systematic drilling program at Lulo, funded from Lucapa’s alluvial mining returns, aimed atidentifying the kimberlite source of the exceptional alluvial diamonds
• Developing a second high-value diamond mine at the Mothae kimberlite project in Lesotho, while recovering large special diamonds up to 89 carats from a concurrent bulk sampling  designed to expand on the current published JORC resource
• Launching an extensive exploration and drilling program at the Brooking project in the West Kimberley to follow up on the spectacular micro and macro diamond recoveries at Little Spring Creek

A total of eight 50+ carat diamonds were recovered during the June half, including two 100+ carat stones. Other special recoveries include a 43 carat yellow and a 46 carat pink coloured diamond.

The diamond production increases were generated from a 5 percent rise in mining volumes to 134,540 bulk cubic metres- a record rate for a half year period.

Click here to read the full report