Monday, June 12, 2017

license for mining operations and other assets

Lucapa Diamond, which in January this year acquired a 70 percent stake in the diamond project Motae (Mothae) in Lesotho, said that, according to an independent assessment, diamond mine resources are 1.04 million carats and 2.7 carats per 100 tons of ore .
Assessment carried out by MSA Group, also showed that the average price contained in the Motae stones is about $ 1063 per carat.
The company's lead consultant opinion that there is "potential for growth in the average value of a diamond is based on the rating cost of large stones."
Earlier it was reported that the kimberlite project has indicated and inferred resources amount to 1 million carats, and an initial assessment of their cost amounts to about $ 1 billion.
, It was found that Motae contain large diamonds are type IIa As part of the trial production, including individual stones weighing up 254 carats, and gem-quality diamonds, which sold for $ 41,500 per carat.
At Lucapa last week was registered as a 70 percent shareholder Mothae Diamonds Limited (MDL), which owns the license for mining operations and other assets related to the high-priority kimberlite diamond project Motae.
Earlier Lesotho authorities issued MDL 10-year license to mine diamonds from the project Motae.
Lucapa also made a first payment of $ 400,000 to the Government of Lesotho for its share to MDL.
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