Lucapa’s focus on high-quality production is designed to maximise revenues in a niche high-end sector of the global diamond market where demand and pricing remain robust.
Lucapa’s Lulo diamond mine in Angola has produced 12 +100 carat diamonds to date and is the highest US$ per carat alluvial diamond production in the world. Lulo has produced Angola’s two biggest recorded diamonds weighing 404 carats and 227 carats.
Lucapa and its Lulo partners are also conducting a continuous kimberlite drilling program to identify the source or sources of the exceptional alluvial diamonds. Approximately 70 kimberlites have been confirmed in the current drilling campaign.
Lucapa commissioned a new 1.1Mtpa diamond plant in January 2019 at the Mothae kimberlite project in diamond-rich Lesotho, southern Africa.
The Mothae kimberlite pipe is a high-quality diamond resource located within 5km of Letšeng, the highest US$ per carat kimberlite diamond mine in the world.
Initial commercial recoveries from Mothae have included top-colour Type IIa diamonds and fancy coloured gems.
Lucapa’s earlier-stage exploration projects include Brooking in Western Australia and Orapa Area F in Botswana.
Lucapa’s Board and management team have extensive diamond industry experience across the globe with companies including De Beers and Gem Diamonds.