Lucapa (ASX: LOM) is a growing diamond company with a portfolio of high-quality production, development and exploration assets in Angola, Lesotho, Australia and Botswana. The Company’s focus on high-value diamond production is designed to protect cash flows in a sector of the diamond market where demand and pricing remain robust.

Lucapa’s Lulo diamond project in Angola has produced 11 +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.

In diamond-rich Lesotho, Lucapa is constructing a new 1.1 million tonne per annum mine at the 70% owned Mothae kimberlite project, which remains on schedule for commercial diamond production in H2 2018.

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.

Lucapa has already recovered large diamonds, including 89 carat and 25 carat yellows, from a bulk sampling program at Mothae.

Lucapa’s exploration activities include the discovery of a diamond-bearing lamproite with spectacular micro-diamond results at the Brooking project, which is located within 50km of the former Ellendale diamond mine in Western Australia’s West Kimberley region.

In Botswana, Lucapa is seeking approvals to drill kimberlite targets at the Orapa Area F project within the prolific Orapa diamond field.

Lucapa’s Board and management team have extensive diamond industry experience across the globe with companies including De Beers and Gem Diamonds