LULO DIAMOND PROJECT
The Lulo Diamond Project is a 3,000km2 concession in Angola’s Lunda Norte diamond heartland, approximately 630km east of the Angolan capital of Luanda.
Lucapa operates the Lulo concession in a partnership with Empresa Nacional de Diamantes E.P. (Endiama), Angola’s national diamond company, and private partner Rosas & Petalas.
The Lulo partners have been conducting alluvial and kimberlite exploration activities continuously at Lulo since 2008. This early exploration work enabled commercial alluvial diamond production to commence in January 2015, establishing Lulo as the world’s highest $ per carat alluvial diamond production.
The Lulo partners are also well-advanced with a systematic drilling and sampling program, funded from the alluvial mining returns, to locate the primary kimberlite sources of the exceptional alluvial diamonds.