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Lucapa Diamond Company Limited (ASX:LOM)

ALERT: Price-sensitive ASX Announcement for LOM
Current share price for LOM : $0.014 -0.002 (-12.50%)+
Announcement
Release
10 Apr 2025 9:12AM
Price at Release
$0.016
Full Release
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Summary
Lucapa Diamond Company Limited has announced an updated JORC Classified Inferred Alluvial Diamond Resource for its Lulo diamond concession in Angola, revealing an increase of 9% in total carats to 249,000. This marks the seventh consecutive year of resource growth. The diluted volume of gravel resource available for mining has also risen by 15% to 5.8 million cubic meters, ensuring robust production capabilities for at least eight years. The average modelled diamond value is reported at US$1,581 per carat, indicating a slight decline from the previous year's value.
Key Points
  • JORC Classified Inferred Alluvial Diamond Resource increased 9% to 249,000 carats
  • Diluted volume of gravel resource available for mining increased 15% to 5.8Mm3
  • 7th consecutive year that resource carats have increased
  • Average modelled diamond value of US$1,581/carat
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.