Lucapa Diamond Company, Empresa Nacional de Diamantes and Rosas & Petalas have received approval for a new kimberlite exploration licence for the Lulo Diamond Project.
Angolan Minister of Mines and Geology Francisco Manuel Monteiro de Queiroz formally approved the licence that covers the entire 3,000km² Project Lulo concession.
Go deeper with GlobalData
The new approved kimberlite exploration licence will be valid for five years.
Following approval from the ministry, the Lulo partners can finalise a mineral investment contract together for the new licence, which will include a programme of exploration activities for a five-year period.
The kimberlite exploration programme at Projecto Lulo has been stepped-up in expectation of the new exploration licence, with two rigs drilling the key kimberlite targets and a third drill rig due to arrive in Angola this month.
In addition, a helicopter-borne Time-Domain Electromagnetic survey is about to be flown over the Cacuilo River and valley area to help identify any additional non-magnetic kimberlite targets (such as target 259) and boost the definition of known targets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn November 2014, the Lulo partners procured the alluvial mining licence from the ministry.
