Lucapa is a growing diamond producer with high-value mines in Angola (Lulo alluvial mine) and Lesotho (Mothae kimberlite mine).
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 among 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.
The Lulo and Mothae treatment plants both incorporate the latest XRT diamond recovery technology.
The commencement of production at the new Mothae mine, coupled with the transformative new diamond marketing laws introduced in Angola, has enabled Lucapa and its partners to pursue additional margins beyond the mine gate through the cutting & polishing of select diamonds.
Lucapa’s Board and management team have decades of diamond industry experience across the globe with companies including De Beers and Gem Diamonds.