Lulo Kimberlite JV Minerals Investment Contract update 3 • Negotiation has occurred for Lucapa’s stake to increase to 51% • Lucapa has requested the formation of a negotiation committee to formalise the documents • Need Angolan Dept of Finance approval to carry over previously incurred exploration expenditure into new MIC so it is repaid to Lucapa • Application has been lodged to extend the current exploration licence which expired on 2 May 2024. The Angolan Mining Code allows for two extensions of one year each. Approval has been received.
LOM Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
