Highlites according to doodledog;
Record recovery of 59 large Special diamonds (diamonds >10.8 carats in weight)
Record diamond production of 3,164 carats
Record diamond grade of 15 carats per 100 cubic metres
Record processing volumes of 21,114 bulk cubic metres (bcm)
The record total recovery of 3,164 carats for the month. This included a record daily
recovery of 448 carats
The average stone size for July was an exceptional 2.0 carats per stone, up from 1.3
carats in the June half year.
More Special diamonds in one month than in the entire previous half year
Lucapa Chief Executive Stephen Wetherall said the record recoveries and grades
for July were the result of the Company’s continued investment in new earth
moving fleet and plant upgrades.
“The new Caterpillar earth moving fleet that arrived on site in June 2016”.
dd Also finish of the wet and more targeted, zeroed in mining.
The parcel of 1,985 carats of diamonds achieved gross sale proceeds of A$2.4
million (US$1.8 million) representing an average price per carat of A$1,211 (US$905).
The diamonds sold were from production up to 8 July 2016. As at 31 July 2016,
SML held an unsold diamond inventory of 2,440 carats from the record July
production, including 50 Special diamonds weighing 1,057 carats.
dd So from the last sale of 1,985 carats to the 8th July, we now
have more than that sale already in the safe (2,440 carats) nearly
half of which are specials.
New zone of terrace gravels identified from ongoing alluvial exploration
The first core hole drilled at L259 intersected re-sedimented volcaniclastic
kimberlite (“SRVK”) material, or crater lake sediments, near surface.
dd Seems the first hole drilled was the centre of the volcanic
crater (ex Lake ?) by looking at the gravity and EM survey
overlaid with drill sequence, P11 AGM Preso 26/5/2016
Mr Wetherall said the new XRT diamond recovery technology unit was expected
to be installed and operational at Lulo closer to the end of the current September
2016 Quarter.
3 days into August and a report on July Production.......looks like there
might be intent for a monthly report on Diamond production. Hope so.
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