Perth, Western Australia, April 2, 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 a top-colour 55 carat diamond from the new 1.1 Mtpa Mothae kimberlite plant in Lesotho.
The 55 carat stone is the fifth +50 carat diamond recovered to date from the new Mothae mine, where commercial production commenced in January 2019 following the successful commissioning and ramp-up phases for the new 1.1 Mtpa plant and an earlier bulk sampling campaign.
Lucapa looks forward to updating the market on the first quarter of commercial operations from the new
Mothae mine as part of the Company’s upcoming Quarterly Activities Report for the March 2019 Quarter.
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 remain 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 five +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 made in the ASX announcement dated 24 March 2017, 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.
Für weitere Informationen besuchen Sie bitte die Unternehmens-Webseiten (www.lucapa.com.au), oder wenden Sie sich bitte an:
Tel. +61-8-9381 5995
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73728 Esslingen am Neckar
Tel. +49-711-82 09 72 11
Fax +49-711-82 09 72 15