Lucapa Diamond: The Motahe mine also delivers extraordinary diamonds – columns

Diamond producer Lucapa Diamond Company (WKN A0M6U8 / ASX LOM) now operates two diamond mines – firstly the alluvial Lulo mine in Angola and, not quite that long, the Mothae kimberlite mine in Lesotho. Lucapa now reports the discovery of an extraordinary gemstone from the latter!

As the company and its partner, the government of the Kingdom of Lesotho, announced today, Mothae delivered a 101-carat white diamond of the color D and type IIa (“Mothae”) – ie of the highest quality. Famous diamonds like the Cullinan, Koh-i-Noor and Lesedi La Rona are for example Type IIa stones.

Lucapa has now been able to mine four diamonds with more than 100 carats from the southern tongue of the Motha kimberlite vent! As the company explains, the extraction of this exceptional gem confirms the quality and capacity of the Mothae resource, making it one of the world’s highest quality kimberlite diamond mines.

Lucapa and the government of Lesotho look forward to pro-rated more diamonds of this quality and size once the ongoing capacity expansion at Mothae is completed in the first quarter of 2021.

Lucapa’s Managing Director Stephen Wetherall sees the discovery of this extraordinary 100-carat diamond as a positive conclusion for Lucapa and his employees on Mothae. They are working with the government to expand capacity and look forward to producing more exceptional diamonds from this resource.

We are curious to see how the Mothae finds turn out once the capacity expansion is through and will continue to report to our readers.

Subscribe to our free newsletter:
Visit us on Twitter:

Risk warning: GOLDINVEST Consulting GmbH offers editors, agencies and companies the opportunity to post comments, analyzes and messages to publish. This content is intended solely for the information of the reader and does not represent any kind of call for action, neither explicitly nor implicitly are they to be understood as a guarantee of possible price developments. Furthermore, they are in no way a substitute for individual, expert investment advice, rather they are advertising / journalistic texts. Readers who make investment decisions or carry out transactions on the basis of the information offered here act entirely at their own risk. The acquisition of securities involves high risks, which can lead to the total loss of the capital invested. GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content-related guarantee for topicality, correctness, appropriateness and completeness of the articles offered here. Please take note of our Terms of Use.

In accordance with Section 34b WpHG and Section 48f Paragraph 5 BörseG (Austria), we would like to point out that partners, authors and / or employees of GOLDINVEST Consulting GmbH can hold shares in Lucapa Diamond Company and thus a conflict of interest could exist. Furthermore, we cannot rule out that other stock market letters, media or research firms will discuss the values ​​we have discussed during the same period. Therefore, symmetrical information and opinion generation can occur during this period. Furthermore, there is a consulting or other service contract between GOLDINVEST Consulting GmbH and a third party in the issuer’s warehouse (Lucapa Diamond Company), which creates a conflict of interests, especially since this third party grants GOLDINVEST Consulting GmbH for a fee for reporting Lucapa Diamond Company rewarded. This third party may also hold, sell or buy shares in the issuer and would benefit from an increase in the price of Lucapa Diamond Company shares. This is another conflict of interest.

PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.

Related Articles

Back to top button