Lucapa receives new five-year Lulo exploration licence

28th November 2016 By: Anine Kilian - Contributing Editor Online

JOHANNESBURG ( – 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.