Lucapa Diamond Co Ltd LCPDF

Metals & Mining Industrial Metals & Minerals

Lucapa Diamond Company Limited is a diamond miner and explorer with assets in Angola and Australia. The Company holds an interest in the Lulo diamond mine in Angola. It also has a 39% interest in the Lulo Kimberlite Exploration Joint-Venture (Endiama 51%, Rosas & Petalas 10%), which is exploring for the primary source kimberlites at the prolific Lulo concession in Angola. Lulo lies in Angola’s diamond heartland of Lunda Norte, 630 kilometers east of the capital, Luanda. Its Lulo Alluvial Mine is an approximately 3000 square kilometers (km2) concession that is prolific alluvial diamond fields. Its Merlin Diamond Project encompasses two tenements consisting of a 24 km2 mineral lease and a 210 km2 exploration license which encompasses the mineral lease. The Mineral Lease contains 11 previously discovered kimberlite pipes in three clusters, namely North, Center and South. Its Brooking is an early stage Lamproite exploration project in Western Australia’s West Kimberley region.

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Lucapa Diamond Co Ltd

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Post by TABerlioz1111on Aug 26, 2017 4:32am

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Bullish on medium-term prospects

I interviewed the CEO of this company back when I was a diamond industry trade journalist. Not only are they consistently finding large diamonds via alluvial mining, but they have good management. Sooner or later they will find the core kimberlite(s) yielding these larger diamonds and then the stock's value will really jump.

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