Thursday, October 24, 2024

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.

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.

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.

Alice
Alice
Alice is a seasoned jewelry designer renowned for her exquisite creations that seamlessly blend artistry with elegance. With a passion for craftsmanship and an unwavering commitment to quality, Alice has established herself as a distinguished figure in the world of fine jewelry. Drawing inspiration from diverse cultures and artistic movements, Alice brings a unique perspective to her designs, creating pieces that transcend mere accessories to become timeless works of art. Her meticulous attention to detail and insistence on using only the finest materials ensure that each creation reflects not only her artistic vision but also a commitment to unparalleled craftsmanship. Having honed her skills through years of dedicated practice and a keen understanding of evolving trends, Alice is adept at translating her clients' desires into bespoke, one-of-a-kind pieces. Her portfolio encompasses a range of styles, from classic and timeless to avant-garde and contemporary, showcasing her versatility and ability to cater to a diverse clientele.

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