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Lucapa Unearths Fifth Largest Diamond at Lulo Mine, Signaling Abundant Reserves

Luanda, Angola – [Date] – Lucapa Diamond Company has announced the recovery of a significant Type IIa diamond, the fifth largest ever found at its Lulo mine in Angola. This marks the 43rd diamond exceeding 100 carats unearthed at Lulo since commercial mining commenced in 2015.

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The impressive find follows the discovery of a 162-carat and a 116-carat diamond on consecutive days just six weeks prior, further highlighting the mine’s remarkable potential. Last November, Lucapa also recovered two exceptional diamonds weighing 235 carats and 208 carats respectively.

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This latest discovery coincides with an updated resource estimate indicating a substantial increase in diamond reserves at Lulo. The JORC-classified inferred alluvial diamond resource has been revised upwards by 48% to 228,000 carats, suggesting eight years of production at current extraction rates.

Lucapa holds a 40% stake in the Lulo mine, with the remaining ownership divided between Angola’s national diamond company Endiama (32%) and private Angolan company Rosas & Petalas (28%).
The consistent recovery of large, high-quality diamonds at Lulo reinforces its status as a world-class alluvial diamond mine. This latest discovery, coupled with the revised resource estimate, points towards a bright future for Lucapa and its partners in Angola.

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