LOM's history, page-29

June 2011   Getting some attention

In May 2011, approaches were made by major Chinese groups which could result in a significant injection of equity capital into the Company to accelerate kimberlite and alluvial programs. ·

A report prepared by diamond expert Mr Manfred Marx, at the request of the Chinese groups, concludes that Lonrho’s Lulo project is one of the most prospective diamond exploration targets in Angola, at this stage of its development. · The report outlines a proposed $US47 million work program at Lulo, over 19 months, to accelerate exploration of kimberlite targets and undertake alluvial trial mining.  

The report selects 61 kimberlite targets within the Lulo Concession for priority drilling and bulk sampling. The 170 million-carat Catoca diamond mine in Angola, located within 150km of the Lulo Concession, identified as the target model for the proposed kimberlite exploration program.

The report is well worth a read.  

http://www.lucapa.com.au/sites/luca...Diamond-Potential-of-Lulo-by-MM-June-2011.pdf