OTHER

Lucapa makes US$2m from Lulo sales

Lucapa Diamond Company (ASX:LOM) has received US$2 million in proceeds after selling 1,782 carats of diamonds from its Lulo diamond project in Angola.

Staff reporter
The 1,782 carats from Lulo sold

The 1,782 carats from Lulo sold

Lucapa and its partners, Empresa Nacional de Diamantes and Rosas & Petalas, said the sale of the alluvial diamonds recovered from mining blocks four and six generated an average price of $1,150 per carat.

The sale took the gross sales proceeds from Lulo so far this year to $15.9 million at an average price of $1,642/ct.

The sale excluded a number of large white specials stones and a coloured special recovered which were being held for a future sale.

Lucapa's shares were 1.85% lower Monday at A27c (US20c).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.