Lucapa generates A$8.2mn from diamond sales

Lucapa Diamond Company Limited and its respective partners are pleased to announce the results from the first sales for 2020 of diamonds from the Lulo alluvial mine in Angola and the Mothae kimberlite mine in Lesotho.

The run of mine diamond sales from Lulo and Mothae generated combined gross proceeds of US$5.5 million (A$8.2 million) on a 100% basis.

 

Sociedade Mineira Do Lulo: A total of 1,548 carats of Lulo diamonds sold for gross proceeds of US$3.4 million (A$5.0 million), representing an average price per carat of US$2,200 (A$3,251).

 

Mothae Diamonds: A total of 6,306 carats of Mothae diamonds sold at tender for gross proceeds of US$2.1 million (A$3.2 million), representing an average price per carat of US$339 (A$506).

 

Lucapa is a growing diamond company with high-value mines in Angola (Lulo) and Lesotho (Mothae). Lulo has produced 14 +100 carat diamonds to date and is one of the highest average US$ per carat alluvial diamond producers in the world. Lucapa and its Lulo partners continue to advance exploration programs which aim to identify the primary kimberlite sources of these exceptional alluvial gems.

 

 

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