Lucapa Diamond Company Ltd is a growing miner and explorer with a portfolio of high-quality diamond assets across four well-established diamond-producing provinces.
Lucapa operates the Lulo diamond project in Angola, which includes both alluvial mining operations and an advanced kimberlite exploration program.
Lulo, through mining company Sociedade Mineira Do Lulo, produces large and premium-value diamonds, including a significant proportion of Type IIa stones and fancy coloured gems.
In February 2016 Lulo produced Angola’s largest recorded diamond, the 404 carat 4th February Stone, which sold for US$16 million.
Lulo achieved sales of US$51 million in 2016 at an average price per carat of US$2,983 – the highest $ per carat run of mine diamond production in the world.
In January 2017, Lucapa announced the purchase of a 70% interest in the advanced high-value Mothae kimberlite pipe in Lesotho. Mothae is located within 5km of Letseng, the world’s highest $ per carat kimberlite diamond mine.
Like Lulo, Mothae has produced large and premium-value diamonds, including Type IIa stones.
Lucapa plans to bring Mothae into production within 12 months under a low-cost, staged development plan.
Lucapa is also conducting kimberlite/lamproite exploration programs at Orapa Area F in Botswana’s Orapa diamond field and Brooking in Western Australia’s West Kimberley lamproite province. Drilling is scheduled to commence at both projects in the September 2017 Quarter.
Lucapa has a primary listing on the ASX and was included in the ASX All Ordinaries Index in March 2017.
Lucapa’s board and management team has extensive diamond mining experience with companies including De Beers, Rio Tinto and Gem Diamonds.