ASX Announcement 6 September 2016
LULO DIAMONDS SELL FOR A$5.8 MILLION
Lucapa Diamond Company Limited (ASX: LOM) ("Lucapa" or "the Company") and its partners are pleased to announce the results from the latest sale of alluvial diamonds from the Lulo Diamond Project in Angola.
The parcel of 3,642 carats of Lulo diamonds sold for gross proceeds of US$4.4 million (A$5.8 million), representing an average sale price of US$1,212 (A$1,606) per carat.
The sale parcel included a 28.5 carat light pink which is now the largest and most valuable coloured diamond recovered and sold to date, underlining the potential for Lulo to produce both large and premium-value gems.
The diamond inventory held by Lulo mining company Sociedade Mineira do Lulo, Lda since the last sale cut off is 1,685 carats.
Diamond production remained ahead of plan in August 2016 following the record monthly recoveries achieved at Lulo in July 2016 (See ASX announcement 3 August 2016). Lucapa will update the ASX once the August 2016 physicals are finalised.
For and behalf of the Board.
CHIEF EXECUTIVE OFFICER
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This announcement has been prepared by Lucapa Diamond Company Limited. This document contains background information about Lucapa Diamond Company Limited and its related entities current at the date of this announcement. This is in summary form and does not purport to be all inclusive or complete. Recipients should conduct their own investigations and perform their own analysis in order to satisfy themselves as to the accuracy and completeness of the information, statements and opinions contained in this announcement. This announcement is for information purposes only. Neither this document nor the information contained in it constitutes an offer, invitation, solicitation or recommendation in relation to the purchase or sale of shares in any jurisdiction.
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No responsibility for any errors or omissions from this document arising out of negligence or otherwise is accepted. This document does include forward-looking statements. Forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions which are outside the control of Lucapa Diamond Company Limited. Actual values, results, outcomes or events may be materially different to those expressed or implied in this announcement. Given these uncertainties, recipients are cautioned not to place reliance on forward-looking statements.
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