Finance > Project-finance

Lucapa raises US$12.7m for Australian exploration programme

Lucapa Diamond Company (AU:LOM) has raised up to A$16.5 million (US$12.7 million) through a placement to advance its projects and continue delivering on its growth strategy.

Staff reporter

Finance > Project-finance

Lucapa raises US$12.7m for Australian exploration programme

Lucapa Diamond Company (AU:LOM) has raised up to A$16.5 million (US$12.7 million) through a placement to advance its projects and continue delivering on its growth strategy.

Staff reporter

Lucapa raises US$12.7m for Australian exploration programme

The micro- and macro-diamonds recovered at Little Spring Creek

It said the funds from a new cornerstone investor and existing shareholders would enable it to immediately launch an extensive follow-up exploration and drilling programme at the 80%-owned Brooking diamond project in Australia's West Kimberley region.