Lulo at positive kimberlite bulk sample

Sep 26, 2023

Lucapa Diamond Company Limited by providing the market a primary source exploration update of seven samples taken from 3 kimberlite targets,

1: Kimberlite Bulk Sample L440/01 yielded 8 diamonds totalling 4.16 carats,

2: This is the 14th kimberlite to be found to be diamondiferous &

3: Two more geophysical targets confirmed as kimberlites.

Seven samples have been processed since the last update, from three kimberlite targets across the Lulo concession, remain the best result was from approximately 1,460m3 of material from Kimberlite L440. The sample recovered 8 diamonds with the largest weighing 2.04 carats.

In addition, two geophysical targets have been confirmed as kimberlite through core drilling and designated L120 and L123. Core is currently being prepared for dispatch to the laboratories for mineral chemistry analysis.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcements and, in the case of estimates of a production target and financial information derived from a production target.

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