news

Lucapa reports recovery of 180 carat diamond from Lulo mine in Angola

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - On Thursday, Lucapa Diamond (ASX: LOM) announced the recovery of a 180 carat white Type IIa diamond from the Lulo alluvial mine in Angola.

The company said that the diamond, which weighs 180.87 (pre-acid), is classified by the Yehuda meter as Type IIa and is the 37th +100 carat diamond to be recovered from the Lulo alluvial mine.

The diamond, which was recovered on 30 June 2023, is the second +100 carat diamond recovered from Lulo this year, following a 150 carat white Type IIa diamond which was recovered in February 2023, it added.

Lucapa is an ASX listed diamond miner and explorer with assets in Africa and Australia. It has interests in two producing diamond mines in Angola (Lulo, in which LOM holds 40%) and Lesotho (Mothae, in which LOM holds 70%).

The large, high-value diamonds produced from these two niche African diamond mines attract some of the highest prices/ carat globally.

Mining approval received for Araguaia nickel project in Brazil - Horizonte Minerals
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.