Lucapa Diamond Company (ASX: LOM) are an Australian company, this name stands for the production of high quality (type IIA) stones mainly from their operating alluvial diamond mine in southern Angola. Stones as big as 404 ct have been retrieved, implying proximity to a kimberlitic source.
This possibility is now indeed being prospected in an extensive sampling campaign, probing dozens of kimberlites in the vicinity as potential source. Their Mothae mine in Lesotho, a well-known kimberlite, is expected to create revenues over the next couple of months.
Whether or not it will match the nearby high grade Letseng mine is expected to be answered soon.
Other promising operations are a newly discovered lamproite in the Ellendale area in Australia, with extraordinarily high diamond grades retrieved from drillcores even featuring a decent population of yellow stones, and the prospect of a drilling campaign in the Orapa area in Botswana, which is waiting for approval by the government.
We will be staying up to date with the Lucapa project so, check back for updates and subscribe to our mailing list!
Updates from Martin Giger