LML’s Tchitengo Project in Angola has a promising future in diamond mining

Lipari Mining Ltd ( LML ) has recently started trading on the CBOE under the ticker symbol LML, marking a significant milestone for the company. With a strong foundation in diamond mining, Lipari operates a producing diamond mine in Brazil and is now focusing on developing the Tchitengo project in Angola.

The Tchitengo Project is a large concession in the heart of Angola’s main diamond-producing area, situated in the northeast part of the country. This region is home to the Catoca mine, which produces around 5 million carats of diamonds annually, and the newly operational Luele mine, which is expected to reach similar production levels in the coming years.

Angola’s primary diamond district is one of the most promising regions for diamonds globally: 35 km north of the world-class Luele mine development, which is expected to produce 3-5 million carats annually starting in the mid-2020s;  19 km north of the Catoca mine, Angola’s largest diamond producer, with an annual output of 5.6 million carats; 19 km north of the Chiri kimberlite, currently being developed by Rio Tinto.