Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.
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Lucapa Diamond Company Limited is poised to increase its stake to a majority in the Lulo Kimberlite Exploration Joint Venture, with the finalization of the new Minerals Investment Contract (MIC) expected soon after a slight delay. The company has identified five priority kimberlite targets for bulk sampling in the Lulo project, supporting the view that a limited number of kimberlite sources are responsible for the alluvial diamond finds. Despite no diamonds being recovered from six samples processed in the third quarter, Lucapa remains optimistic about the diamond content in these kimberlite sources.
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