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Lucara Recovers 54-Carat Diamond From Mothae

Jun 16, 2010 4:59 PM   By Jeff Miller
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RAPAPORT... Lucara Diamond reported finding a 53.5-carat, type IIa diamond during its first week of production at the Mothae mine in Lesotho. Kimberlite processing there commenced this week. William Lamb, the president of Lucara, said that producing such a large stone during the mine's initial start-up phase represented a huge win for the company.

"Results of initial sampling work at Mothae indicated that large diamonds are present ,but were being broken by the limited material size, which the original bulk sample plant could process," Lamb explained. "As a single stone, this diamond is more than twice the size of any previous diamond recovered from Mothae. Management views this as early confirmation of our technical assessment of Mothae's potential and the operational approach we have taken to advance this exciting project."

Tags: Jeff Miller, Lesotho, Lucara Diamond, Production
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