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Resource up, grades down at Lulo

Lucapa Diamond Company (AU:LOM) has increased the resource and therefore shored up the mine-life expectation at its Lulo alluvial operation in Angola, but has disappointed the market with a fall in anticipated average grade.

Resource up, grades down at Lulo Resource up, grades down at Lulo Resource up, grades down at Lulo Resource up, grades down at Lulo Resource up, grades down at Lulo

A diamond recovered from the Lulo alluvial operations, which look good for at least another four years

The updated JORC inferred resource came in at 660,000 bulk cubic metres (bcm) – a 10% volume increase – grading 7.95 carats per hundred cubic metres.

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