Latest news with #TchitengoDiamondProject
The Market Online
08-05-2025
- Business
- The Market Online
Lipari Mining hits milestone at Tchiuzo kimberlite pipe
A major diamond discovery is taking shape in northeastern Angola, as a newly unveiled resource estimate reveals millions of carats hidden beneath the surface of the Tchiuzo kimberlite pipe. Lipari Mining Ltd. (Cboe CA:LML) has achieved a significant milestone with the completion of an NI-43-101 compliant Mineral Resource Estimate for the Tchiuzo kimberlite pipe. This development marks a pivotal step in advancing the company's 75 per cent-owned Tchitengo Diamond Project, located in northeastern Angola. Establishing a flagship resource The Tchiuzo kimberlite pipe is the first among a cluster of 30 identified kimberlite pipes on the Tchitengo property to reach this advanced stage. The newly released resource estimate, independently prepared by Z Star Mineral Resource Consultants Ltd. of South Africa, confirms the commercial potential of the deposit: Indicated resource : 32.1 million tonnes (Mt) of kimberlite Containing 14.6 million carats Grade: 46 carats per hundred tonnes (cpht) Depth: ~220 metres : Inferred resource : 22.7 Mt of kimberlite Containing 8.5 million carats Grade: 38 cpht Depth: ~360 metres : The estimate is based on a 1 mm bottom cutoff size, aligning with commercial diamond recovery standards. Robust geological foundation The resource model integrates extensive historical and recent exploration data, including: SM Catoca drilling (2006–2009) : 8,925 metres of core drilling across 66 holes 447,534 kg of kimberlite processed Yielded 176 carats (grade: 39.3 cpht) : Lipari Phase I drilling (2024) : 19 confirmatory holes totaling 3,722.7 metres : Bulk sampling by SM Catoca (2007–2014) : 34,630 tonnes processed 17,245 carats recovered (grade: 48.6 cpht) : These efforts have confirmed the geological continuity and diamond grade distribution of the Tchiuzo pipe, which remains open at depth, offering further exploration upside. Stable location and historical investment The Tchitengo Project is strategically located just 19 km north of the prolific Catoca mine and 35 km from the Luele mine, two of Angola's largest diamond producers. The Tchiuzo pipe was originally discovered by SM Catoca and Alrosa in 2006, with more than US$35.6 million invested in exploration and development between 2006 and 2016. Geological insights Lipari's 2024 drilling campaign confirmed the presence of two primary kimberlite lithologies: Tuffaceous kimberlite : Central portion of the pipe : Central portion of the pipe Tuffaceous kimberlite breccia: Along the granite contact zone A block of volcanic breccia of sedimentary rock and a weathered saprolitic kimberlite layer were also identified, enhancing the geological model used for the NI 43-101 estimate. Leadership insights 'This NI 43-101 compliant mineral resource estimate marks a major milestone for Lipari as we execute our growth strategy in Angola. With this robust initial resource at Tchiuzo and a strong foundation of historical work, we now have a clear path forward to advance the project to feasibility,' Lipari Mining's President and CEO, Ken Johnson said in a release on these results. 'This resource helps unlock significant long-term potential and reinforces our belief in the broader Tchitengo kimberlite field, where 30 pipes have already been identified. With our deep explorational and operational experience in Brazil, we are well positioned to replicate success in Angola as we move toward evaluating the economics of the Tchiuzo mineral resources and further delineation drilling across the roughly 1000 km2 property.' In an exclusive interview with The Market Online's 'The Watchlist', CEO Johnson went into more detail, calling it a confirmation of work that was done in the past. 'From the time they discovered the pipe back in 2005, to 2013, they spent $35.6 million, drilling the deposit, trial mining it, recovered about 17,000 carats of diamonds,' he said. 'We have all that information and what we had to do was confirm that, so we carried out a drilling program last year.' Click the video below to watch the interview in full. Lipari plans to launch a bulk sampling program in Q3 2025, supported by the installation of a 15-tonne-per-hour kimberlite processing plant. The objective is to recover over 5,000 carats for valuation purposes, a key step in assessing the commercial viability of the Tchiuzo diamonds. In parallel, the company will continue to evaluate other kimberlite targets within the Tchitengo Project, many of which exhibit promising geophysical and geochemical signatures. Investor's corner The NI 43-101 compliant resource estimate for the Tchiuzo kimberlite pipe represents a major advancement for Lipari Mining Ltd., positioning the company to unlock significant value from one of Angola's most prospective diamond regions. This is sponsored content issued on behalf Lipari Mining Ltd., please see full disclaimer here.
Yahoo
22-04-2025
- Business
- Yahoo
Lipari Mining Announces Frankfurt Stock Exchange Listing
Toronto, Ontario--(Newsfile Corp. - April 22, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (formerly Golden Share Resources Corporation) ("Lipari" or "the Company") is pleased to announce that its shares are now listed for trading on the Frankfurt Stock Exchange ("FSE") under the symbol "0Y90", effective April 23, 2025. With this listing, Lipari's shares are now cross-listed on Cboe Canada and the FSE, one of the largest and most liquid stock exchanges in the world. The Company anticipates that the Frankfurt listing will increase trading liquidity, provide broader access to investors, and enhance international exposure. Ken Johnson, President and CEO of Lipari commented: "We are excited to broaden Lipari's presence in global financial markets through our Frankfurt listing. This strategic milestone enhances our visibility with European investors and aligns with our broader strategy to grow our presence in the international diamond industry. With our producing asset in Brazil and highly prospective Tchitengo project in Angola, we look forward to engaging a wider investor base as we continue unlocking value across our portfolio." About The Frankfurt Stock Exchange The Frankfurt Stock Exchange, operated by Deutsche Börse AG, is one of the world's largest securities trading venues and the third-oldest stock exchange globally. The FSE is home to over 1,000 international companies, offering unparalleled access to both retail and institutional investors. The FSE provides high liquidity and a well-regulated trading environment, making it a preferred listing destination for global resource companies seeking European capital. About Lipari Mining Ltd. Lipari Mining is South America's leading diamond producer, with a track record of successful operations at the Braúna diamond mine in Brazil, which has produced over 1.2 million carats to date. Lipari is now applying its expertise to advance the highly prospective Tchitengo Diamond Project in Angola, marking the next phase of growth for the Company. The Company is committed to environmentally responsible mining practices. Lipari's Braúna mine is the only diamond mine in the world that recycles nearly 100% of the water used in ore processing. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML", and on the Frankfurt exchange under the symbol "0Y90". For further information, please contact: Lipari Mining JohnsonChief Executive Officer and PresidentPhone: +55 (71) 3369 Forward-Looking Statements This press release and the documents incorporated by reference may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward- looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the development plans for the Company's mineral projects and expected mine life. The forward- looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the 4923-2501-0991.4 forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release. CBOE CANADA OR THE FRANKFURT STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. To view the source version of this press release, please visit
