Lucapa’s New Resource Yields Large Stones

RAPAPORT… Lucapa Diamond Company has recovered an 11.88-carat stone during
bulk sampling at the North zone of its Mothae mine, the third new section to
produce large stones.


The miner has been testing the unexplored areas of Mothae
since it purchased the Lesotho asset last year. The company found an 89-carat
diamond in the Southeast-zone sampling and a 25-carat yellow from the Neck
region.


The large-diamond recoveries during bulk sampling are
encouraging, CEO Stephen Wetherall said. The plan was for the program to provide the
miner with additional data not included in its original report of Mothae’s
total resources, which was based on geological testing, Wetherall noted.


“Certain areas of the kimberlite pipe which hadn’t
historically been sampled (Neck zone), or where there had been very limited
historical testing (Southeast and North zones), were thought to be
underestimated as a result,” he added. “At
the time of acquisition, we believed there was much upside here, and this
program is designed to deliver that upside.”


Lucapa expects to complete bulk testing by the end of
September, after which the miner will update its resource report.