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Lucapa announces maiden Mothae resource estimate

By: Henry Lazenby     25th March 2017 ASX-listed Lucapa Diamonds has published a maiden Joint Ore Reserves Committee-compliant resource estimate for the Mothae kimberlite pipe, in Lesotho. The Mothae project is located about 5 km from Gem Diamonds’ Letšeng mine. 

Lucapa adopts low-risk strategy for new Lesotho diamond mine

By: Esmarie Swanepoel     31st January 2017 Diamond miner Lucapa Diamonds has been awarded the Mothae kimberlite project, in Lesotho, following a competitive international tender process. Lucapa acquired a 70% interest in the project for $9-million, payable over ten months. 

Lucara terminates share purchase deal with Paragon

By: Natalie Greve     15th December 2015 Aim-listed Paragon Diamonds has received a notice of termination for its share purchase agreement with the Lucara Diamond Corporation with regards to the acquisition of the Mothae kimberlite resource, in Lesotho. Paragon said on Tuesday that it maintained the view that the development of Mothae... 

Paragon gets Lesotho govt go-ahead for Mothae acquisition

By: Megan van Wyngaardt     7th August 2015 Aim-listed Paragon Diamonds has obtained the necessary formal approval from the Lesotho government to complete the $8.5-million acquisition of a 75% interest in, and operatorship of, the Mothae kimberlite resource from TSX-listed Lucara Diamond Corporation. Once the deal was concluded, Paragon... 

Paragon enters purchase agreement for Lucara’s Lesotho asset

By: Natasha Odendaal     14th July 2015 Aim-listed diamond development company Paragon Diamonds has entered into a legally binding share purchase agreement with Lucara Diamond Corp for the $8.5-million buy-out of its interest in the Lesotho-based Mothae kimberlite resource. Paragon would acquire Lucara's 75% stake in the Mothae... 

Paragon raises £500 000, may initiate share buyback

By: Creamer Media Reporter      18th June 2015 Aim-listed Paragon Diamonds has raised £500 000 of unsecured debt financing from an investment company that may be used for a share buyback programme. The funding would also be used for short-term working capital requirements, while Paragon progresses the acquisition of the Mothae diamond... 

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