75 diamonds of 10.8 carat at Lulo!

Lulo diamond project, Angola record quarterly throughput. Quarterly production of 5,127 carats contributing to annual production of 18,706 carats in 2017. These production figures were down by 3% and 6% respectively on the corresponding 2016.

 

US$7.3m in revenues contributing to total 2017 gross revenues of US$31.6m at US$1,669 per carat – the world’s highest US$ per carat alluvial production. US$9.6m cash and receivables balance for Lulo mining company, Sociedade Mineira Do Lulo, plus closing diamond inventory of 2,711 carats.

 

Further loan repayment to Lucapa and cash distribution to Lulo partners to be proposed once 2017 accounts finalised. Selection of Lulo diamonds from recent production, including a 43 carat fancy yellow and other coloured gems Bulk sampling plant refurbishment work at the Mothae mine, Lesotho.

 

Total of 75 Specials, that is >10.8 carat diamonds recovered in the Quarter – largest weighing 129 carats.

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