Lucapa Diamond Company Limited (ASX:LOM) announced on June 25, 2024, that it has entered into a conditional binding Sales and Purchase Agreement with Lephema Executive Transport (Pty) Ltd to sell its 70% stake in Mothae Diamonds (Pty) Ltd, the owner of the Mothae Diamond Mine in Lesotho. The announcement detailed that the sale, valued nominally at A$10,000, would allow Lucapa to focus on its assets in Angola and Australia. This strategic shift follows a portfolio review by Lucapa’s restructured board of directors.
