Ann: Mothae Recovers Exceptional 101 Carat Diamond, page-37

Mothae Ann October 15th

280% INCREASE IN MOTHAE INDICATED DIAMOND RESOURCE HIGHLIGHTS

• JORC classified Indicated and Inferred Diamond Resource estimate:
Combined dry tonnes increased by 9.6Mt to 48.5Mt
Combined carats increased by ~200,000 to ~1.2 million carats
Combined dry grade of 2.57 cpht


• Indicated Diamond Resource estimate extended down to 75m below current pit bottom in the South Lobe:
Indicated dry tonnes increased by 6.8Mt to 9.2Mt (~280%) after accounting for 1.5Mt of depletion
Indicated carats increased by ~210,000 carats to ~280,000 carats
Indicated dry grade increased to 3.10 cpht
Indicated modelled diamond value updated to US$635 per carat

– Lucapa Managing Director Stephen Wetherall commented
“The updated Mothae Resource is the result of significant work undertaken
to increase the resource and classification at Mothae
following almost 16 months of mining and treatment through the new commercial plant.
” “The increase in tonnes and carats, the classification of 9.2Mt or ~280,000 carats into indicated
resource category at an estimated diamond value of US$635 per carat
strongly supports an expansion in production at Mothae that the partners are considering.”

Its a 1 Billion dollar plus JORC