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Lucapa Boosts Lulo Stake to 51% Amid 36% Revenue Surge and Promising Merlin Targets
9:43am on Wednesday 30th of April, 2025 AEST
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Mining
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Lucapa Boosts Lulo Stake to 51% Amid 36% Revenue Surge and Promising Merlin Targets
9:43am on Wednesday 30th of April, 2025 AEST
Key Points
74% increase in diamond grade recovered at Lulo despite local blockade
36% year-on-year revenue growth to US$12.8 million from 8,409 carats sold
Lulo JV Mineral Investment Contract finalized, raising Lucapa’s stake to 51%
Merlin project EM survey identifies two large base metal targets and 16 kimberlite targets
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