Following a board review of the company’s diamond assets, Lucapa Diamond Company will prioritise production and cash generation from its two high-value diamond mines, the Lulo alluvial mine, in Angola, and the Mothae kimberlite mine, in Lesotho, to ensure shareholder value is maximised. This entails advancing the year-round Lulo kimberlite exploration programme to identify a possible source of the world’s highest-value alluvial diamonds; and cutting and polishing select special diamonds to accrete additional value beyond the mine gate.
