LOM 0.00% 6.7¢ lucapa diamond company limited

Ann: Lab Results Confirm Kimberlite Target Areas, page-111

  1. 3,603 Posts.
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    You are not mistaken Dazza.
    They need to finish the EM survey and then based on those results process selected drill samples through their DMS.
    Its covered in the 25th November announcement:
    "
    The EM and gravity surveys are expected to be completed by the end of the December 2015 Quarter, with results anticipated in January 2016.

    The EM and gravity surveys are considered efficient and cost-effective techniques to identify the body and outer rim of the kimberlite structures. Once this is achieved, the next stage will involve either the surface excavation of, and/or drilling for, pyroclastic kimberlite (PK) bulk sample to be processed through the 150 tonne per hour diamond plant at Lulo to test for diamonds."

    Optimistically, as its "anticipated" in January for EM survey data, the drilling or excavating can happen end of January. I think that puts early to mid February 2016 as the approximate date for any diamonds to be processed out of the prospective motherload kimberlites.
    I can wait till then.
    Fox
 
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