Company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.
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The Russian gold producer has received a 15-year mining permit for its Lefa mine.
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The founder of Ivanhoe Mines said the Kamoa-Kakula project is “on track to become one of the absolute greatest copper mining complexes in the world.”
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Construction is to begin in May and be complete by Q4 2019.
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Company envisions construction beginning in the second quarter of the year, followed by an 18-month building period.
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It is the second largest diamond mined from Kareevlei and the third valued at over $50,000.
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Effective June 1, 2019.
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The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter.
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The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.
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Repair work in the fourth quarter slightly impacted production, but that was more than offset by surging vanadium prices as demand for the metal grows.
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