Lucapa Diamond has received approval for a new five-year kimberlite exploration licence at the Lulo diamond project in Angola.
The Angolan minister of mines and geology, Francisco Manuel de Queiroz, approved the licence, which covers the entire 3000km2 project.
Earlier this month the company ramped up their exploration program at the site in anticipation of the new licence; with two drill rigs currently drilling the priority kimberlite targets and a third drill rig expected to arrive next month.
The Lulo diamond project has made several significant diamond discoveries this year, unearthing a 404.2 carat diamond – the largest diamond ever found by an Australian company – followed by another large 404 carat gem.
They also discovered their largest pink diamond this year, at 38.6 carats.
