RAPAPORT… Lucapa Diamond Company has recovered an 89-carat yellow rough
diamond from its Mothae mine in Lesotho, it said Friday.
The miner found the stone during bulk sampling in the
asset’s southeast zone. The diamond is not part of the miner’s original forecast
for the Mothae resource, it said.
“Having recently recovered a 25-carat yellow diamond from
the previously untested neck zone in our bulk-sampling program, we are
tremendously encouraged that this 89-carat diamond was recovered from the southeast
zone, an area of the Mothae kimberlite pipe where there has been very limited
historical testing,” said Stephen Wetherall, Lucapa’s managing director.
Lucapa bought 70% of Mothae in 2017, with the Lesotho
government holding the remaining shares.
Lucapa’s Mothae Mine Yields 89ct. Yellow
The Bottom Line
- Lucapa recovered an 89-carat yellow rough diamond during bulk sampling in the southeast zone of the Mothae mine.
- The stone was not included in the original resource forecast for Mothae, indicating potential for new discoveries.
- Lucapa holds a 70% stake in Mothae, with the Lesotho government owning the remaining 30%.
Summary by Rapaport AI
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