Lipari Mining Ltd. announced that its recently acquired kimberlite processing plant is en-route to Angola, with arrival scheduled for first quarter-2026. The plant was transported from Sudbury, Ontario to the Port of Montreal, Quebec where it is being prepared for marine shipment to Luanda, Angola in early January 2026. This shipment represents a significant milestone in advancing Tchitengo Project in Angola, positioning Lipari Mining at a key inflection point in Company's development.
The plant will process a minimum of 10,000 tonnes of kimberlite from Tchiuzo, which is anticipated to yield approximately 5,000 carats that will undergo valuation procedures to determine the current market value of Tchiuzo diamonds. Together with results from last year's Phase I confirmatory drilling program, this valuation is expected to position to update the historical feasibility study originally completed on the Tchiuzo kimberlite by Sociedade Mineira de Catoca ("SM Catoca") in 2013. SM Catoca reportedly invested USD 35.6 million towards the exploration and development of the Tchiuzo kIMberlite pipe during the period from 2006 to 2016.
As reported by the Company in its press release dated October 31, 2025, the Tchiuzo k Imberlite contains constrained mineral resources comprised of an indicated resource of 28.8Mt containing 13.6Mcts at an estimated diamond grade of 47.2 cpht, and an inferred resource of 6.5Mt containing 2.0Mcts at an estimated grade of 30.7 cpht.
