Lucapa Diamond — Africa Down Under 2022
21 slides from Lucapa Diamond's conference presentation, September 2022
Slide 1: Lucapa Diamond Company Limited – Africa Down Under Presentation
Lucapa Diamond Company Limited ASX:LOM Africa Down Under Presentation September 2022 Stephen Wetherall CEO & MD
Slide 2: Cautionary Statements
Cautionary Statements Forward-Looking Statements This Presentation has been prepared by Lucapa Diamond Company Limited (‘the Company"). This document contains background information about the Company current at the date of this Presentation. The Presentation is in summary form and does not purport t
Slide 3: Acknowledgement of Traditional Owners
Acknowledgement of Traditional Owners | Lucapa respectfully acknowledges the Traditional Owners of the land on which our assets, Merlin and Brooking, are located and the land on which we meet today. We pay our respects to all members of these indigenous communities and to Elders past, present and em
Slide 4: Lucapa Diamond Company Executive Summary
Lucapa Diamond Company Executive summary » Growing global producer & > Assets in Africa... ..and Down Under explorer of high-value diamonds Merlin Diamond Project (100%) > Diversified portfolio - strong SBR pipeline of assets to drive Brooking Exploration (80%) Western Australia short- and long-term
Slide 5: Production Assets
Production Assets High-value > > mond production Lucapa has brought two mines into production with our Government and local partners > Lulo Mine (or “SML”), Angola > Earned a 40% equity interest from exploration & development > 8th year of commercial mining > Highest US$/ carat alluvial production g
Slide 6: Transformational Assets
Transformational Assets Merlin Diamond Project (100%) Northern Territory Bos « Lulo Exploration (39%) Angola Te v Advanced kimberlite exploration program > Recently acquired 100% of historic Rio Tinto mine In a significant diamondiferous kimberlite province > Significant 4.4m carat JORC compliant re
Slide 7: Lulo Kimberlite Exploration
Lulo Kimberlite Exploration (f Po > Angola =e) A > World’s 4* largest diamond producer b sa value 8 P Y . Significantly underexplored g New Government focus on attracting Lutb w foreign direct investment ~~~ concession Stable mining code & improved diamond marketing framework Highly prospective for
Slide 8: Lulo Kimberlite Exploration
Lulo Kimberlite Exploration f- PSY 4 a Ud ee > Location and geology > Characteristics of alluvial diamond wy recoveries > 8 years of commercial diamond production in Cacuilo Valley > Recovering large, irregular shaped diamonds frequently > Size and shape matters > — Indicator of proximity to source(
Slide 9: Lulo Kimberlite Exploration
Lulo Kimberlite Exploration ere - ee oo, rp > So, if proximal - what is below or around mining blocks? > Significant number of geophysical anomalies > >500 identified on concession > >360 in Cacuilo Valley alone (south-west) > Significant and methodical approach > Indications are of potential source
Slide 10: Lulo Kimberlite Exploration
Lulo Kimberlite Exploration > A | Ld Samat yaad > Selected >120 anomalies in initial drill ove program ’ > Discovered >100 kimberlites - very high conversion rate > Sent >80 samples for mineral chemistry analysis > 20 high-priority kimberlites selected for bulk sampling > Continue drilling additiona
Slide 11: Lulo Kimberlite Exploration
Lulo Kimberlite Exploration > Bulk sampling to assess diamondiferous > Most prospective kimberlite | nature commercially program globally Y y Initial sampling was through alluvial > Well positioned to deliver plant - opportunity cost “HED ET seri Oat | > Stand-alone kimberlite bulk sample plant > Co
Slide 12: Lulo Kimberlite Exploration: What are we targeting?
Lulo Kimberlite Exploration What are we targeting? . . versus those of the Highest USS/ carat Highest USS/ carat highest $/ carat kimberlite mine alluvial mine kimberlite mine globally ~USS1,835 ~US$2,800 > Comparison indicates potential 1.9 ~3.0 for a significant . discovery ~US$35 ~USS84 * Gem Dia
Slide 13: Merlin Diamond Project
Merlin Diamond Project > Highlights > Acquired 100% North Cluster | > Historic Australian mine (previously operated by Rio/ Ashton) Indicated > 13 diamondiferous kimberlites Inferred > 4.4m carat JORC compliant resource Total » Resource known to host large and fancy coloured diamonds (source of Aust
Slide 14: Merlin Diamond Project Scoping Study Result
Merlin Diamond Project Scoping Study Result > Strong economics for a long-life mine using hybrid mining methodology A$69m 2.1m 14m peti STATUS Base Case Top5 us$/ carat (average life of mine) kimberlite mine PRICE/ CARAT ~US$634 ~US$603 Unatscounted Free Cash (pre-tax) Carats Recovered Tonnes Treate
Slide 15: Why Lucapa?
Why Lucapa? A growing global producer & explorer of high-value diamonds Quality Diversified Upside Team | Assets | i Production | Development | Source discoveries | Vertical ESG : Exploration = Future pipeline integration | Consolidation 5
Slide 16: Contact Details
DIAMOND COMPANY Contact Details: 34 Bagot Road Subiaco 6008 Tel: +61 8 93815995 Email: general@lucapa.com.au Website: www.Lucapa.com.au
Slide 17: Lucapa Diamonds Corporate Snapshot
Lucapa Diamonds Corporate snapsh Capital Structure Board of Directors =. Market Details Units Value esi Miles Kennedy ReeseEnIE) _ Non-executive Chair Non-executive Director Shares outstanding m 1,439.5 . Stephen Wetherall Nick Selby Share price (1 September 2022) ASc/ share 5.2 hese! Managing Direc
Slide 18: Board of Directors
Miles Kennedy Ross Stanley Non-executive Chairman Non-executive Director Miles has held directorships of Australian listed resource companies for the Ross has an extensive background in the Australian and African resources past 30 years. He was formerly the Chairman of Kimberley Diamond Co, and mini
Slide 19: Lucapa Diamonds ICMM Principles
Lucapa Diamonds Lucapa has adopted the International Council of Mining & Metal’s (ICMM) principles eC © ETHICAL DECISION- HUMAN RISK HEALTH ENVIRONMENTAL CONSERVATION RESPONSIBLE SOCIAL STAKEHOLDER BUSINESS MAKING RIGHTS MANAGEMENT & SAFETY PERFORMANCE —OF BIODIVERSITY PRODUCTION PERFORMANCE ENGAGEM
Slide 20: Diamond Market
Diamond Market Fundamentals remain strong due to const hing supply GTD Overall Rough Price Index > Supply 450 > Reducing 7 401 > 2005-177 million > — 2015-152 million carats > 2021-116 million carats > Large mines recently closed (Argyle) and to close this decade (Diavik/ Ekati) » 15% to be taken ou
Slide 21: Contact Details
DIAMOND COMPANY Contact Details: 34 Bagot Road Subiaco 6008 Tel: +61 8 93815995 Email: general@lucapa.com.au Website: www.Lucapa.com.au