Lucapa's new exploration campaign

Lucapa Diamond Company (ASX:LOM) has started an exploration campaign at the Merlin Diamond Project in Northern Territory, Australia. This is the first comprehensive airborne electromagnetic survey in 25 years at the site. Using advanced Time-Domain technology, the campaign seeks to boost shareholder value by increasing kimberlite resources and uncovering other minerals. Results are anticipated in early 2025.

Lucapa's strategic exploration initiatives

Lucapa Diamond Company (ASX:LOM) has launched a new exploration campaign at its Merlin Diamond Project, marking a strategic move to enhance its resource base. Utilizing cutting-edge technology, this initiative aims to discover new diamondiferous kimberlites and other mineral deposits, potentially increasing shareholder value. The survey covers a substantial area and is expected to yield results by the first quarter of 2025. Positioned near major mineral deposits, the project could capitalize on future market upturns. Lucapa plans to update the market upon survey completion, emphasizing a cost-effective and low-risk approach in its exploration strategy.

Executive insights on exploration

The survey, carried out by New Resolution Geophysics using their advanced Xcite™ system, aims to redefine existing kimberlite targets and identify new ones, providing significant exploration upside.