Lulo alluvial resource increases by 9%
ASX-listed Lucapa Diamond Company reports that the Joint Ore Reserve Committee-compliant inferred alluvial diamond resource at its Lulo diamond concession, in Angola, has increased by 249 000 ct, or 9%.
This marks the seventh consecutive year in which Lulo’s resource carats have increased.
The total diluted volume of gravel available for mining in the Lulo Alluvial Resource increased by 15% to 5.8-million cubic metres maintaining the equivalent of at least eight years of production at Lulo’s planned mining and processing capacities.
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