Far East Capital Newsletter
It looks like Lucapa has found the source pipe of its fabulous alluvial diamond deposits
13 Nov 2021

In This Issue


It looks like Lucapa has found the source pipe of its fabulous alluvial diamond deposits

After more than five years of searching for the source kimberlite pipe for the fabulous alluvial deposits that it has been mining at Lulo in Angola, it seems that Lucapa (LOM) may have achieved its primary exploration objective. The announcement last Monday, of the initial kimberlite bulk sample results, qualifies as a "discovery" in the true meaning of the word. Thirteen diamonds with a combined weight of 4.15 carats were recovered with eight of them being of the rare Type IIa category, from a 2,192 m3 sample. It was an understated release without any euphoria, but it was nonetheless very significant.
 

Suite 24, Level 6
259 Clarence St
Sydney NSW 2000

Phone: +61 2 9230 1930
Email:
Far East Capital

Unsubscribe