I must admit I hadn't entirely dismissed the possibility of Lucapa needing to raise capital again in the short/medium term, until reading this report.
It looks more and more likely that the only cap raise required, will be to establish a kimberlite mining operation.
That in itself is very reassuring.
The progress at Lulo over the last 12 months is nothing short of remarkable. Well done to the team at Lucapa and those on the ground at Lulo.
Ann: Quarterly Activities Report-LOM.AX, page-27
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