LOM 2.99% 6.9¢ lucapa diamond company limited

Ann: Another A$9.6 Million from Lulo Diamond Sales, page-29

  1. 169 Posts.
    This is the really exciting news.

    "In line with previous guidance, the ground-based electromagnetic (EM) survey conducted at the high-priority L259 kimberlite at Lulo has been completed. Lucapa expects to have the final results, interpretation and interim modelling of this EM survey within days and will update the market as soon as the Company is able to do so. The EM survey was undertaken to assist Lucapa’s geological team in understanding the subsurface geology of the 110 hectare kimberlitic signature defined at L259 by the recently-completed gravity survey.

    We are "within days" from getting a very firm picture of what is going on with the Kimbo, where the likely targets are for drilling and...

    Gravity Survey/EM survey/Analysis of both surveys then... let the drilling and sampling begin. We are on the home leg for working out what this Kimbo is all about.

    This was the big news today.
 
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