Lucapa Diamond Company Limited is an exploration company. The Company is the operator of the Lulo Diamond Concession (Lulo) in Angola. Lulo covers an area of 3,000 square kilometers and is located in the Cuango River Basin within Angola�s Lunda Norte Province. Lulo hosts a kimberlite field identified within the concession and diamond-bearing alluvials occurring along the Cacuilo and Lulo Rivers. Lulo is located about 150 kilometers west of the Catoca diamond mine operated by Russia�s Alrosa. The Lulo Project is operated as a joint venture (JV) between Lucapa and the Government-owned diamond company, Endiama. Under the JV arrangement, Lucapa holds a 40% interest in the concession relating to alluvials (39%for kimberlites), with Endiama and private Angolan interests holding the balance. Lucapa conducts both alluvial and kimberlite diamond evaluation programs at the Lulo concession.