MOTHAE KIMBERLITE PROJECT

Lucapa owns 70% of the high-value Mothae kimberlite project in Lesotho in partnership with the Government of the Kingdom of Lesotho (30%).

Mothae is a well-defined kimberlite pipe with a surface area of ~8.8 hectares.  The pipe has a JORC classified diamond resource of +1 million carats (to a depth of 300m) at an average modelled diamond value of US$1,063 per carat (Refer ASX announcement 24 March 2017).

Mothae is located in Lesotho’s diamond-rich Maluti Mountains within 5km of Letseng, the world’s highest US$ per carat kimberlite diamond mine