Australia's Lucapa Diamond jumps on diamond recovery in Angola mine

Lucapa Diamond Co

08/12/2022 24:42

** Shares of Lucapa Diamond Co Ltd  LOM.AX  jump as much as
6.8% to A$0.047, on track for best day since Dec. 1
    ** Diamond miner announces recovery of diamonds from the
initial processing of the Lulo kimberlite diamond bulk sample in
Angola  urn:newsml:reuters.com:*:nASX2YLjH5
    ** Says the sample has yielded 20 diamonds weighing 15.51
carats out of which five diamonds are greater than 1 carat; adds
the largest diamond weighs 1.95 carats
    ** Stock down 51.1% this year, as of last close
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))