Lucapa is listed on the Australian Securities Exchange (ASX), with a secondary listing on the Frankfurt Stock Exchange.
Lulo and Mothae both produce large and high-value diamonds, generating >75% of their revenues from the recovery of +4.8 carat stones.
Diamond production is being scaled up at both mines, with combined recoveries from Lulo and Mothae forecast to exceed 60,000 carats in 2020.
Lulo has produced 13 +100 carat diamonds to date and is the highest average 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 continue to advance their search for the primary kimberlite sources of these exceptional alluvial gems, with a new exploration program launched in May 2019.
Lucapa’s second high-value mine, the 1.1 Mtpa Mothae kimberlite project in diamond-rich Lesotho, commenced production in January 2019. Mothae has already produced seven +50 carat diamonds under Lucapa’s ownership, including a gem-quality 126 carat stone.