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Dienstag 25 Juni 2019

 

Perth, Western Australia, March 15, 2019 - Lucapa Diamond Company Limited (ASX: LOM, FSE: NHY, ISIN AU000000LOM6) („Lucapa“ or „the Company“) and the Government of the Kingdom of Lesotho (“GoL”) are pleased to announce the recovery of an 83.9 carat diamond from the new 1.1 Mtpa Mothae kimberlite plant in Lesotho.

The 83.9 carat stone is the fourth +50 carat diamond recovered to date from the new Mothae mine, following the recovery of a 51.2 carat diamond in February and Specials weighing 78 carats and 89 carats from the 2018 bulk sampling program.

While the 83.9 carat diamond was not gem-quality, it continues to underline the large-stone nature of the Mothae kimberlite resource.

Lucapa Managing Director Stephen Wetherall said Lucapa and the GoL continued to be impressed by the Special recoveries from Mothae. “We are highly encouraged that the coarse size fraction in our recently commenced commercial production through the new 1.1 Mtpa Mothae plant is reinforcing why Lucapa invested in this second high-value resource to complement production from the Lulo mine in Angola,” said Mr Wetherall.


Mothae Mine 150319

The new 1,1 Mtpa Mothae kimberlite mine

 

ABOUT LUCAPA

Lucapa is a growing diamond company with high-value mines in Angola and Lesotho, along with exploration projects in Angola, Australia and Botswana. Lucapa’s vision is to become a leading producer of large and premium-quality diamonds - from both alluvial and kimberlite sources - in Africa and other known diamond provinces around the world.

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 prices remains robust.

Lucapa’s flagship asset is the Lulo Diamond Project in Angola, which is a prolific producer of large and premium-value alluvial diamonds. Lulo has produced 12 +100ct diamonds to date and is the highest US$ per carat alluvial diamond production in the world. Lucapa and its Lulo partners continue to advance their search for the primary kimberlite sources of these exceptional alluvial gems through a systematic drilling and exploration program.

Lucapa commenced commercial diamond recoveries in January 2019 at the Company’s second highvalue mine, the 1.1 Mtpa Mothae kimberlite mine in diamond-rich Lesotho, and has already recovered four +50 carat diamonds in its own sampling and commercial mining operations.

Lucapa also has early stage exploration projects at Brooking in Western Australia and Orapa Area F in Botswana.

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

No New Information

To the extent that this announcement contains references to prior exploration results and Mineral Resource estimates, which have been cross referenced to previous market announcements made by the Company, unless explicitly stated, no new information is contained. The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.


Forward Looking Statements

This announcement has been prepared by the Company. This document contains background information about the Company and its related entities current at the date of this announcement. This is in summary form and does not purport to be all inclusive or complete.

Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction. 

This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction.

This document does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons.

Recipients should seek professional advice when deciding if an investment is appropriate. All securities transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments.

No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted. This document does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements.

Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, the Company does not undertake any obligation to update or revise any information.

predictions and are subject to risks, uncertainties and assumptions which are outside the control of the Company. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements.

Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and ASX Listing Rules, the Company does not undertake any obligation to update or revise any information.


Für weitere Informationen besuchen Sie bitte die Unternehmens-Webseiten (www.lucapa.com.au), oder wenden Sie sich bitte an:
 
 

Stephen Wetherall
Managing Director

Tel. +61-8-9381 5995
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Im deutschsprachigen Raum: 


AXINO GmbH
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73728 Esslingen am Neckar 

Tel. +49-711-82 09 72 11
Fax +49-711-82 09 72 15
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