Far East Capital Newsletter
Lucapa Diamond Company Limited: Company Review
9 Sep 2020

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Company Review

Lucapa Diamond Company

Lucapa (LOM) is an ASX-listed diamond producer with two operating mines. The 40%-owned Lulo Alluvial Diamond Mine in Angola (SML) has been operating for over five years, having undergone successive successful expansions. It is notable for the very high value and size diamonds that are recovered. The 70%-owned Mothae Kimberlite in Lesotho is in its second year of production and it may soon be expanded from 1.1 Mtpa to 1.8 Mtpa treatment capacity. Exploration programs are underway to find the source kimberlite for the Lulo diamonds in Angola, as well as in Botswana and in the Ellendale region of WA. 

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