Lucapa recovers first Mothae diamonds

PERTH’S Lucapa Diamond Company has recovered the first diamonds from its Mothae kimberlite mine in Lesotho, which is intended to be its second cash generating asset.

Lucapa recovers first Mothae diamonds Lucapa recovers first Mothae diamonds Lucapa recovers first Mothae diamonds Lucapa recovers first Mothae diamonds Lucapa recovers first Mothae diamonds

The gems were recovered ahead of schedule through the refurbished bulk sampling plant and infrastructure at Mothae.

The initial diamond recoveries were sourced from residual material and kimberlite stockpiles that are not included in the project’s JORC resource.

The largest of the diamonds recovered in the first test run was 6.6 carats.

The next step, a bulk sampling program, is designed to provide additional resource and diamond data to expand the life of mine, while also generating early cash flows.

Last year the company secured US$15 million by Singaporean company Equigold to finance the first stage development at Mothae.

Stage 1 is expected cost $12 million and process 720,000 tonnes per annum, with the project estimated to have one million carats of...