Lulo Continues to Recover Large Diamonds

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lucapa

Lucapa Diamond Company Limited today announced the recovery of yet more large diamonds from the Lulo Diamond Project in Angola.

The two notable diamonds amongst the latest recoveries are a 116 carat low-quality diamond; and a 43 carat yellow gem. Both were obtained from Mining Block 8 at Lulo. “The 43 carat yellow is the largest coloured gem-quality diamond recovered to date from Lulo, surpassing the 39 carat pink recovered in September 2016,” Lucapa said.

The Company gave the large-diamond recovery circuit installed at Lulo in late 2016, the credit for the recovery of the 116 carat stone. Lucapa said it is the 10th larger than 100 carat diamond recovered to date from Lulo; and the second 100 carat plus to be recovered within the first three weeks of 2018.

“Though a low-quality boart stone, the 116 carat diamond continues to underline the special large-stone nature and potential of the Lulo diamond project,” Lucapa stressed.

Lucapa took the opportunity to also congratulate the Government of the Kingdom of Lesotho and Letšeng Diamonds, which is 70% owned by Gem Diamonds Limited, on the recovery of “a spectacular 910 carat diamond, which is reported to be the 5th largest gem-quality diamond ever recovered”.

The find was of particular interest as the Letšeng diamond mine is located within 5 km of Lucapa’s 70% owned Mothae kimberlite mine. Earlier trial mining at Mothae showed it to be a source of large and premium-value diamonds.

“Mothae remains on track for commissioning in H2 2018, delivering Lucapa a second complementary high-value production source to Lulo,” Lucapa noted.

Pic Cap: The 43 carat yellow diamond, the largest coloured diamond recovered to date from Lulo

Pic Courtesy: Lucapa Diamond Company Limited

News Source: gjepc.org

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Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.

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