Alluvial Mining Update The Lulo diamonds sold in the March 2016...

Alluvial Mining Update

The Lulo diamonds sold in the March 2016 Quarter were all recovered from alluvial mining operations during the Angolan wet season. While diamond mining operations continue at Lulo, access to alluvial gravels from Mining Blocks 8 and 6 has been restricted by recent heavy rains.

However, the Lulo partners note that the Angolan wet season generally finishes in April, after which
diamond production from Mining Blocks 8 and 6 is expected to be scaled up to the rate of 20,000 bulk cubic metres per month as underfoot conditions permit.

Kimberlite Exploration Update

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.
As noted in the ASX announcement of 1 February 2016, the large, well-defined kimberlitic signature at L259 identified by the gravity survey is directly beneath Mining Block 8 at Lulo, which has already produced more than 60 large special diamonds since mining commenced in this area in August 2015.
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