Lipari Mining reports Q2-2025 production and sales results

Lipari Mining Ltd reports production and sales results for the second quarter ended June 30, 2025 from the Company’s wholly-owned Braúna Diamond Mine in Brazil. 

Q2-2025 highlights are as below:

• Ore mined: 178,937 tonnes (Q2-2024: 16,477 tonnes)
• Ore processed: 178,340 tonnes (Q2-2024: Nil – due to plant refurbishment)
• Diamonds recovered: 23,021 carats (Q2-2024: Nil)
• 50 diamonds recovered weighing over 10 carats, with the two largest weighing 37 and 35 carats
• Diamonds sold: 20,903 carats (Q2-2024: Nil)
• Average diamond price achieved: $218/ct for total proceeds of $4,556,462 (Q2-2024: Nil sold)
• Average recovered diamond grade: 13 cpht (Q2-2024: No processing)
• Underground development: 294 m (Q2-2024: 735 m)

Ken Johnson, President and CEO of Lipari commented: “Q2 marked another step forward in the ramp-up of our Braúna underground operations, with total mine production up 5% when compared to Q1 of this year. Ore and waste mining both increased by 5%, reflecting improved operating efficiencies in the mine. On the processing side, throughput rose 3%, though diamond recoveries declined by 10% due to higher-than-expected external waste rock dilution. In response, we’ve implemented a number of operational changes aimed at improving ore selectivity. These include optimizing the burden and spacing of our long-hole uppers drilling pattern, reducing blasthole powder factors, and enhancing geological controls to ensure blast holes are confined to ore. We expect these adjustments will lead to improved ore quality and enhanced diamond recoveries in the coming quarters.”