Ann: Lulo Diamonds Sell For A$4.9 Million, page-20

http://www.*.com.au/companies/news/...ompletes-first-sale-of-lulo-diamonds-for-2017

Lucapa Diamond Company completes first sale of Lulo diamonds for 2017

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09:30 09 Feb 2017
Hartleys updated its price target of Lucapa to $0.77 per share.
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Lulo diamonds from the first 2017 sale parcel
Lucapa Diamond Company (ASX:LOM) and its partners have completed the first sale of Lulo diamonds for 2017, which delivered gross proceeds of US$3.8 million (A$4.9 million).
The sale comprised diamond recoveries up until the end of 2016.
In total the parcel comprised of 2946 carats, including a 75 carat diamond recovered in November, and a 55 carat diamond recovered in December.

Mothae acquisition
Lucapa recently diversified and de-risked its diamond production with the acquisition of 70% of the Mothae Kimberlite Project, located in the Kingdom of Lesotho, Southern Africa.
Mothae is a complementary fit with the company's Lulo mine in Angola which has a similarly high-value diamond production.

Broker support
Following the acquisition, Hartleys updated its price target of Lucapa to $0.77 per share.
Lucapa last traded at $0.38.