https://www.miningweekly.com

Lucapa receives new five-year Lulo exploration licence

28th November 2016

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – ASX-listed Lucapa Diamond Company on Monday announced that a new kimberlite exploration licence for the Lulo diamond project (Projecto Lulo) has been granted by the Angolan government.

The new kimberlite exploration licence, which spans five years and covers the entire 3 000 km2 Projecto Lulo concession, enables the Lulo partners to finalise a mineral investment contract for the new licence, which will include a programme of exploration activities for the five-year period.

The kimberlite exploration programme at Projecto Lulo has been stepped up in anticipation of the new exploration licence, with two drill rigs now drilling the priority kimberlite targets and a third drill rig due to arrive in Angola in December.

In addition, Lucapa is facilitating a helicopter-borne time-domain electromagnetic survey over the Cacuilo river and valley area to help identify any additional nonmagnetic kimberlite targets and to improve the definition of the known targets.


 

Edited by Samantha Herbst
Creamer Media Deputy Editor

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION