Lucapa Diamond Company Limited (ASX: LOM) announces its Quarterly Activities Report for 30 June 2024 (Q2). In Q2, the Lulo mine in Angola sold 5,016 carats through two runs of mine sales and one exceptional diamond tender, generating revenue of US$17.8 million. One of the ROM sales was made to a cutting and polishing partner, which is expected to generate additional revenue for SML.
The Lulo diamond tender held in April resulted in US$10.5 million from the sale of three high-quality Type IIa diamonds. Additionally, a tender of unique stones held after the end of the quarter in July fetched US$12.4 million for six diamonds, five of which were recovered in Q2. Currently being divested, the Mothae Mine in Lesotho conducted three runs of mine sales, selling 7,950 carats for US$4.7 million in Q2. Lastly, a 195-carat Type IIa diamond was recovered from Lulo in May, and mining of high-value terrace gravels resulted in an average rough price of US$3,551/ct.
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