LOM 1.85% 5.5¢ lucapa diamond company limited

Ann: RIU Conference Investor Presentation, page-15

  1. 4,846 Posts.
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    highlights from this announcement, and there's plenty of them;

    • Many Lulo kimberlites have little or no overburden = more cost-effective to explore and develop
    • This has enabled Lucapa to excavate surface bulk samples from priority kimberlite targets
    • 14 diamonds up to 1.6 carats already recovered from three separate kimberlites –L251, L257 and L19. One micro diamond recovered from L170
    • Kimberlite diamonds include rare Type IIa gems
    • Positive micro-probing analysis on other targets has produced significant key indicators –G10D, G3D and G4D garnets
    • New 24-month kimberlite evaluation and exploration program commenced in Q2 15 includes:
    • Further evaluation of four known diamond-bearing pipes
    • Laboratory analysis of existing drill core from nine kimberlite targets
    • Bulk sampling of the priority L46 kimberlite -a likely source of the high-grade alluvial diamonds in the E46 area
    • Processing of sample previously excavated from L220
    • First systematic testing of 38 kimberlite targets in the eastern kimberlite province at Lulo
    • Core and RC drilling program to test 48 priority kimberlite targets in the main western kimberlite province at Lul
    Alluvial diamond mining commenced January 2015
    • Treatment through 150tph DMS diamond plant
    • Positive Q1 15 production with mining and processing targets exceeded. Diamond grades consistent with bulk sampling results including more large special stones
    • Mining operations on track to be cash flow positive by end of Q2 15
    • Initial Q2 15 recoveries include exceptional 63.05 carat and 20.20 carat D-colour Type IIa diamonds
    • Mining of first of the higher grade diamond areas, BLK_08, has commenced. The largest and most valuable diamond recovered at Lulo (131.4 carats) was recovered from bulk sampling at BLK_08
    • Targeted average Q2 15 diamond grade = 15 cphm3
    • Alluvial diamond mining being progressively scaled up to 10,000bcm/month in June 2015
    • Additional mining fleet being sourced to scale up to 40,000bcm/month in June 2016, which will include in-field screening of gravels • Financing options advanced to secure mining fleet to accelerate scaling up. Technical due diligence successfully completed for US$15 million bridging facility
    • More regular diamond sales = stronger and sustainable cash flow generation

    GLTA
    last chance to top up (imo)
 
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