News Bureau

Mothae Resource of 01mn cts of diamonds!

Independent JORC classified, indicated and Inferred Diamond Resource of more than one million carats estimated for the Mothae kimberlite pipe, Lesotho. Known recoveries of high-value Type IIa diamonds at Mothae contribute to an average modelled JORC diamond value of US$1,063 per carat. Potential for higher average US$ diamond prices highlighted, based on large diamond recoveries.

Lucapa Diamond said, a maiden JORC classified diamond resource estimate for the advanced Mothae Kimberlite Diamond Project in Lesotho, southern Africa. Lucapa was awarded a 70% interest in Mothae Diamonds following a competitive tender process run by the Government of the Kingdom of Lesotho, who retains a 30% interest.

MDL holds the recently awarded 10 year mining licence and other assets related to Mothae.

As part of the acquisition, Lucapa engaged independent consultants The MSA Group of Johannesburg, South Africa, to update and convert the existing Canadian-standard NI43-101 Mothae Resource.

In summary, the total Indicated and Inferred Mothae Diamond Resource has been estimated by MSA to be 38.96 million tonnes at a diamond grade of 2.7 carats per 100 tonnes, containing 1.04 million carats of diamonds at average modelled revenue of US$1,063 per carat.

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