Lucapa announces record month of diamond mining

Company News

by David Chau

Lucapa Diamond Company Ltd (ASX:LOM) has announced that it had record processing volumes last month.

At its Lulo Diamond Project in Angola, the company saw record monthly processing volumes of 22,870 bulk cubic metres – after a recent investment in earth moving fleet and equipment.

Diamond production in August at Lulo totalled 2,882 carats, which the company says is its second best month on record. The company’s August yield included 39 large ‘Special diamonds’ of up to 80.5 carats.

Last month, the average monthly diamond grade was 12.6 carats per 100 cubic metres.

Lucapa reported a net loss of $3.6 million at 31 December 2015.

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