Sunday, August 19

Lucapa Diamond reports first diamond recoveries from Mothae Kimberlite Mine

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Lucapa Diamond Company Limited  is pleased to report the first diamond recoveries from the 70% owned Mothae Kimberlite Mine in Lesotho

The Government of the Kingdom of Lesotho currently own the remaining 30%.

The diamonds were recovered through the existing bulk sampling plant and infrastructure at Mothae, which has been refurbished ahead of schedule, as part ofthe previously announced bulk sampling program (BSP).

The initial diamond recoveries, sourced from residual material and kimberlite stockpiles that are not included in the Mothae JORC resource, were observed during a site visit to Mothae by Lucapa representatives, advisors, brokers and investors following the Mining Indaba Conference in Cape Town.

The largest of the diamonds recovered in the first test run was 6.6 carats. Selection of white stones (pre-acid) from the diamonds recovered in the first BSP run at Mothae As previously advised, the BSP is designed to provide additional resource and diamond data to expand the life of mine, while also generating early cash flows. Construction of the new 150 tph processing plant, including an XRT large-diamond recovery circuit, continues and remains on schedule for full commissioning and commercial production in H2 2018.

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Zweli Sikhakhane is a Web Developer, Digital Marketing Manager and Contributor at BizNis Africa. Sikhakhane began his Digital career at AVATAR Agency, them moved to Maverick Minds, a digital agency based in Johannesburg CBD. Sikhakhane moved to Red Quarter, a digital marketing and events agency Sikhakhane is a highly motivated and enthusiastic professional and a team player who would like to grow grow in the digital industry.

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