Lucapa Limited executed the Mothae Mine conditional Sale and Purchase agreement.

Lucapa Diamond Company Limited (ASX: LOM) announced that it has entered into a conditional binding Sales and Purchase Agreement with local Lesotho company, Lephema Executive Transport Ltd, to divest its 70% stake in Mothae Diamonds Ltd, which owns the Mothae Diamond Mine in the Kingdom of Lesotho. This Agreement comes after a strategic review of the Company's assets undertaken by the newly restructured board of directors.

The divestment of the stake in the non-core asset will enable the Company to focus on developing its assets in Angola and Australia. The Agreement results from a period of offer and negotiation involving Lucapa and several interested parties. The signing of this Agreement is a crucial step towards Lucapa streamlining its portfolio and executing the new strategy, which will focus on assets in Australia and Angola.

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