BROOKING DIAMOND PROJECT

Lucapa secured an 80% interest in the Brooking Diamond Project in Western Australia in 2016 as part of the Company’s strategy to assess projects in known diamond provinces considered prospective for significant diamond discoveries.

Covering an area of 128km2, the Brooking Project is located in the West Kimberley lomproite province, within ~40km of the Ellendale diamond field. Ellendale was formerly the world’s leading producer of rare fancy yellow diamonds.

Preliminary exploration work by Lucapa at Brooking has successfully defined a series of priority lamproite drilling targets.

These targets will be tested in a reverse circulation/core drilling program scheduled for the September 2017 Quarter, subject to heritage clearances.