Annuncio • Aug 15
Gaston International DMCC entered into a binding term sheet to acquire Lucapa Diamond Company Limited (ASX:LOM). Gaston International DMCC entered into a binding term sheet to acquire Lucapa Diamond Company Limited (ASX:LOM) on August 12, 2025. The transaction is subject to approval by regulatory board / committee, approval of bankruptcy court and approval/consents of lenders/creditors.
DLA Piper LLP acted as legal advisor for Gaston International DMCC. DLA Piper Australia Pty Ltd acted as legal advisor for Gaston International DMCC. Minmetals Securities Co.,Ltd acted as financial advisor for Gaston International DMCC. DLA Piper Africa acted as legal advisor for Gaston International DMCC. Annuncio • Apr 15
Lucapa Diamond Company Limited Provides Lulo Alluvial Resource Update Lucapa Diamond Company Limited refers to the announcement released on 10 April 2025 titled "Lulo Alluvial Resource Update increases carats by 9% at modelled value of USD 1,581/ct". The total diluted volume of gravel available for mining in the Lulo Alluvial Resource increased by 15% to 5.8Mm3, maintaining the equivalent of at least eight years of production at Lulo's planned mining and processing capacities. Extensive resource definition work involving 7,197 auger drill holes and 150 pits, including drilling in Mining Blocks 129 and 137 in the south (Maps 1-3);. These data are predominantly based on mining results. No metallurgical recovery factors are applied as the data has been generated using actual production results. Information included in this announcement that relates to exploration results and resource estimates is based on and fairly represents information and supporting documentation prepared and compiled by Richard Price MAusIMM who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Price has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Reporting of diamond exploration results and diamond resource estimates for the Lulo concession. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material., Material is recovered from the auger flights and used to measure depth and thickness of the gravels., The drilling is used to measure gravel thickness only. Core (or costean, channel, etc.) photography., The total length and percentage of the relevant intersections logged., Drilled material is recovered from the auger flight and used to measure depth and thick of the gravels., Sample pits are lithologically logged and measured to determine gravel thickness., Logging is semi-quantitative with edge thicknesses measured of the entire pit. The process is identical to that which would be used for commercial mining and results are considered representative. Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. 6,199 pits have been completed in total during the project. Other data required in the Code is not material and its exclusion does not detract from the understanding of the Resource Report. Bulk sampling and production results were included in the Lulo Diamond Resource estimate. The estimated areal grade in stones per hundred metres squared (sphm2) and average stone size as carats per stone (cts/stn) are determined using all available diamond data within each block These data are predominantly based on Mining results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. Diagrams, Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views., Appropriate maps for the reported mineralisation with scale and north points are included in Maps 1-3., Balanced reporting, Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results., Several blocks have gravel volume estimates based on thickness measurements but have not been included in the Lulo Diamond Resources due to insufficient information related to diamond content., Other substantive exploration data, Other substantive exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances., The data from the auger drilling and pitting programs has allowed the definition of alluvial channels, which has been followed by the Lead Author of the Resource Report and Independent Competent Person were undertaken in January 2015 and August 2018. If a computer assisted estimation method was chosen include a description of computer software and parameters used. If a description of computer software and guidelines include a description of computer software & parameters used. The availability of check estimates, previous estimates, previous estimates and parameters used. The availability of computer software and whether the availability of computer assisted estimation method of computer software and/or mine production records and parameters used. Annuncio • Apr 10
Lucapa Diamond Company Limited Announces an Updated JORC Classified Inferred Alluvial Diamond Resource for the Lulo Diamond Concession in Angola Lucapa Diamond Company Limited announced an updated JORC Classified Inferred Alluvial Diamond Resource (Lulo Alluvial Resource) for the Lulo diamond concession in Angola. The Lulo Alluvial Resource has grown to 249,000 carats, representing a 9% increase compared to the prior period (228,400 carats) and the seventh consecutive year in which resource carats have increased. The total diluted volume of gravel available for mining in the Lulo Alluvial Resource increased by 15% to 5.8Mm3, maintaining the equivalent of at least eight years of production at Lulo's planned mining and processing capacities. The updated Lulo Alluvial Resource was estimated after taking into account: Mining depletion to 31 December 2024 by SML mining operations, during which time 25,341 carats of diamonds were recovered; Extensive resource definition work involving 7,197 auger drill holes and 150 pits, including drilling in Mining Blocks 129 and 137 in the south (Map 1); Sales of diamonds during 2024 totaling USD 54.5m at an average diamond price of USD 1,980/carat. Information included in this announcement that relates to exploration results and resource estimates is based on and fairly represents information and supporting documentation prepared and compiled by Richard Price MAusIMM who is a Member of the Australasian Institute of Mining and Metallurgy. Mr. Price is an employee of Lucapa Diamond Company Limited. Mr. Price has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined. in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves. Subject to any continuing obligations under applicable law and ASX Listing Rules, the Company does not undertake any obligation to update or revise any information. Reporting of diamond exploration results and diamond resource estimates for the Lulo concession. JORC Code (2012) requirements - Sampling Techniques and Data. Material is recovered from the auger flights and used to measure depth and thickness of the gravels. Drilled material is recovered from the auger flight and used to measure depth and thick of the gravels. The process is identical to that which would be used for commercial mining and results are considered representative. Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. 6,199 pits have been completed in total during the project. Other data required in the Code is not material and its exclusion does not detract from the understanding of the Resource Report. Bulk sampling and production results were included in the Lulo Diamond Resource estimate. The estimated areal grade in stones per hundred metres squared (sphm2) and average stone size as carats per stone (cts/stn) are determined using all available diamond data within each block These data are predominantly based on mining results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. Site visits by the Lead Author of the Resource Report and Independent Competent Person were undertaken in January 2015 and August 2018. If a computer assisted estimation method was chosen include a description of computer software and parameters used. The availability of check estimates, previous estimates and/or mine production records and whether the Mineral Resource estimate takes appropriate account of such data. The process of validation, the checking process used, the comparison of model data to drill hole data, and use of reconciliation data if available. Re reasonable prospects for eventual growth. Annuncio • Mar 28
Lucapa Diamond Company Limited, Annual General Meeting, May 29, 2025 Lucapa Diamond Company Limited, Annual General Meeting, May 29, 2025. Annuncio • Jan 29
Lucapa Diamond Company Limited has completed a Follow-on Equity Offering in the amount of AUD 2.670504 million. Lucapa Diamond Company Limited has completed a Follow-on Equity Offering in the amount of AUD 2.670504 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,518,299
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,006,901
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annuncio • Dec 11
Lucapa Diamond Company Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Lucapa Diamond Company Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.02
Security Features: Attached Options Annuncio • Dec 05
Lucapa Diamond Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6685 million. Lucapa Diamond Company Limited has filed a Follow-on Equity Offering in the amount of AUD 2.6685 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 43,500,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 89,925,000
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Aug 23
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (54% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (€8.25m market cap, or US$9.18m). Annuncio • Aug 15
Lephema Executive Transport Pty Ltd completed the acquisition of 70% stake in Mothae Diamonds (Pty) Limited from Lucapa Diamond Company Limited (ASX:LOM). Lephema Executive Transport Pty Ltd entered into a conditional binding sales and purchase agreement to acquire 70% stake in Mothae Diamonds (Pty) Limited from Lucapa Diamond Company Limited (ASX:LOM) for AUD 0.01 million on June 25, 2024. Under the Agreement, Lucapa will receive a nominal purchase price of AUD 0.01 million from Lephema Executive Transport Pty Ltd as well as approximately AUD 1 million from Mothae in outstanding technical services payments. Lephema Executive Transport Pty Ltd will assume all liabilities and guarantee obligations relating to Mothae currently held by Lucapa. Following completion, Lucapa will continue to provide technical services to Mothae under the technical services agreement on normal commercial terms for a minimum of three months. Lucapa has received confirmation from the ASX that shareholder approval is not required under ASX Listing Rule 11.1 and 11.2 and as a result, the company will not seek shareholder approval for the transaction. Completion of the divestment is subject to the satisfaction of certain key conditions precedent receipt of consent from the Lesotho Minister of Natural Resources for the Transaction, execution of a Delegation Agreement between Lucapa, the Government and Executive whereby Lucapa assigns and delegates its rights and obligations in the mining agreement to executive confirmation from SAFDICO that the Offtake Agreement between the Mothae and SAFDICO remains valid following completion of the transaction, amendment of the technical services agreement between Lucapa and Mothae to incorporate a three month no fault cancellation provision and subject to satisfaction of the relevant conditions, completion is expected to occur on or before September 30, 2024. Adam Levine and Natasha Augustin of K & L Gates acted as legal advisor to Lucapa Diamond Company Limited.
Lephema Executive Transport Pty Ltd completed the acquisition of 70% stake in Mothae Diamonds (Pty) Limited from Lucapa Diamond Company Limited (ASX:LOM) on August 14, 2024. The transaction has satisfied all the conditions precedent to the Sale and Purchase Agreement. New Risk • Aug 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.11m (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$8.0m free cash flow). Share price has been highly volatile over the past 3 months (39% average weekly change). Market cap is less than US$10m (€9.11m market cap, or US$9.95m). Annuncio • Jun 27
Lephema Executive Transport Pty Ltd entered into a conditional binding sales and purchase Agreement 70% stake in Mothae Diamonds (Pty) Limited from Lucapa Diamond Company Limited (ASX:LOM) for AUD 0.01 million. Lephema Executive Transport Pty Ltd entered into a conditional binding sales and purchase agreement to acquire 70% stake in Mothae Diamonds (Pty) Limited from Lucapa Diamond Company Limited (ASX:LOM) for AUD 0.01 million on June 25, 2024. Under the Agreement, Lucapa will receive a nominal purchase price of AUD 0.01 million from Lephema Executive Transport Pty Ltd as well as approximately AUD 1 million from Mothae in outstanding technical services payments. Lephema Executive Transport Pty Ltd will assume all liabilities and guarantee obligations relating to Mothae currently held by Lucapa. Following completion, Lucapa will continue to provide technical services to Mothae under the technical services agreement on normal commercial terms for a minimum of three months. Lucapa has received confirmation from the ASX that shareholder approval is not required under ASX Listing Rule 11.1 and 11.2 and as a result, the company will not seek shareholder approval for the transaction. Completion of the divestment is subject to the satisfaction of certain key conditions precedent receipt of consent from the Lesotho Minister of Natural Resources for the Transaction, execution of a Delegation Agreement between Lucapa, the Government and Executive whereby Lucapa assigns and delegates its rights and obligations in the mining agreement to executive confirmation from SAFDICO that the Offtake Agreement between the Mothae and SAFDICO remains valid following completion of the transaction, amendment of the technical services agreement between Lucapa and Mothae to incorporate a three month no fault cancellation provision and subject to satisfaction of the relevant conditions, completion is expected to occur on or before September 30, 2024. Annuncio • Mar 29
Lucapa Diamond Company Limited, Annual General Meeting, May 28, 2024 Lucapa Diamond Company Limited, Annual General Meeting, May 28, 2024, at 11:00 W. Australia Standard Time. Reported Earnings • Mar 01
Full year 2023 earnings released: US$0.006 loss per share (vs US$0.007 loss in FY 2022) Full year 2023 results: US$0.006 loss per share (improved from US$0.007 loss in FY 2022). Revenue: US$28.0m (up 20% from FY 2022). Net loss: US$9.05m (loss narrowed 12% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 38% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 31
First half 2023 earnings released: EPS: US$0.002 (vs US$0.011 loss in 1H 2022) First half 2023 results: EPS: US$0.002 (up from US$0.011 loss in 1H 2022). Revenue: US$14.4m (up 12% from 1H 2022). Net income: US$3.24m (up US$16.6m from 1H 2022). Profit margin: 22% (up from net loss in 1H 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Aug 11
Non-Executive Director recently bought €148k worth of stock On the 7th of August, Ross Stanley bought around 6m shares on-market at roughly €0.024 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 28
Full year 2022 earnings released: US$0.007 loss per share (vs US$0.004 profit in FY 2021) Full year 2022 results: US$0.007 loss per share (down from US$0.004 profit in FY 2021). Revenue: US$23.4m (down 13% from FY 2021). Net loss: US$10.3m (down 329% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings. Annuncio • Jan 17
Lucapa Diamond Company Limited Announces 41 Diamonds Recovered from Lulo Kimberlite L164 Bulk Sample Lucapa Diamond Company Limited together with Project Lulo partners, Endiama and Rosas & Petalas, advised that the results from the completed processing of bulk sample KBS/164/01 from Lulo kimberlite L164 have confirmed that it is a primary source hosting Special sized diamonds. Lulo kimberlite bulk sample KBS/164/01, totalling 2,200 in-situ m3 or 5,641 wet tonnes of kimberlite material, has returned a total of 41 diamonds weighing 66.05 carats, including two Special sized diamonds weighing 15.27 and 12.37 carats with 12 diamonds greater than one carat recovered. This yielded an average grade of 3.00 carats per one hundred cubic metres or 1.17 carats per one hundred tonnes and an average stone size of 1.61 carats. The varying size frequency distributions and the differing diamond characteristics from the many alluvial diamond mining blocks continue to provide evidence that there are multiple primary sources contributing to the secondary alluvial resource on the Lulo concession. The methodical approach to the exploration program will continue with the processing of all the kimberlites on the priority list in order to ensure that all large stone bearing kimberlites are identified and taken to the next stage of evaluation. Kimberlite L164 is located south (upstream) of the Canguige Catchment area and was placed on the priority kimberlite bulk sample list due to its indicator mineral content. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman Miles Kennedy was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 01
First half 2022 earnings released: US$0.012 loss per share (vs US$0.006 profit in 1H 2021) First half 2022 results: US$0.012 loss per share (down from US$0.006 profit in 1H 2021). Revenue: US$12.9m (down 23% from 1H 2021). Net loss: US$15.0m (down 377% from profit in 1H 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (3 non-independent directors). Independent Non-Executive Chairman Miles Kennedy was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 01
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$0.004 (up from US$0.016 loss in FY 2020). Revenue: US$26.8m (up 481% from FY 2020). Net income: US$4.50m (up US$14.2m from FY 2020). Profit margin: 17% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 15
First half 2021 earnings released: EPS US$0.006 (vs US$0.018 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$16.8m (up 304% from 1H 2020). Net income: US$5.42m (up US$14.9m from 1H 2020). Profit margin: 32% (up from net loss in 1H 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings.