Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Lipari Mining Ltd. (Cboe Canada: LML) ("Lipari" or the "Company") is pleased to announce that its recently acquired kimberlite processing plant is en-route to Angola, with arrival scheduled for Q1-2026. 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. Photos of the plant being loaded for transport in Sudbury are available on the Company's website at www.liparimining.com. The delivery of this 5 tonne-per-hour processing plant will enable the Company to accelerate its Phase II development program for the Tchiuzo kimberlite, one of 30 kimberlites within the Company's Tchitengo Project in Angola.
Ken Johnson, Lipari's President and CEO, stated: "Site preparation for the processing plant installation is scheduled to commence in January 2026, and will include construction of a reinforced concrete slab and footings to support the plant structures as well as tailings management systems. The modular design will enable rapid installation of the processing circuit, with the plant commissioning planned before the end of Q1-2026.
This shipment represents a significant milestone in advancing our 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 us 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 US$35.6 million towards the exploration and development of the Tchiuzo kimberlite pipe during the period from 2006 to 2016."1
As reported by the Company in its press release dated October 31, 2025, the Tchiuzo kimberlite 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. The mineral resources were estimated based on a bottom-screen cut-off of +1.0mm.
| Class of Resource | Lithology | Tonnes | Grade cpht (+1.0mm) | Carats (+1.0mm) |
| Indicated | TKB | 13,215,774 | 48.7 | 6,434,374 |
| TK | 15,574,869 | 46.0 | 7,163,857 | |
| Total | 28,790,642 | 47.2 | 13,598,231 | |
| Inferred | TKB | 169,513 | 39.9 | 67,613 |
| TK | 1,583,630 | 36.0 | 570,107 | |
| SAPR | 1,486,620 | 54.0 | 802,775 | |
| OVB | 940,795 | 24.0 | 225,791 | |
| BVRS | 2,285,546 | 14.0 | 319,976 | |
| Total | 6,466,103 | 30.7 | 1,986,261 |
- The independent and qualified persons for the mineral resource estimate, as defined by NI 43-101, are Sean Duggan for the block modeling and classification and Carlos Guzmán for RPEEE.
- Mineral Resources are reported as constrained by a pit shell optimized with overall slopes angles varying from 38° to 41°, mining cost of 3.7/t, $6.79/t for process and 98% recovery, $2.94/t for G&A, 5% for Government royalty and a diamond price of $100/ct. At this scenario the cut-off is 10.45cpht.
- Rounding as required by reporting guidelines may result in apparent summation differences between tonnes, grade and contained carats.
- Tonnage is in metric units and grade in carats per hundred tonnes.
- The estimated is based on a 1 mm diamond bottom cutoff size, appropriate for commercial diamond mining operations.
Qualified Person
The technical content of this news release has been reviewed and approved by Martin Doyle, P.Geo., of Falmar Ltd., who is a Qualified Person as defined under NI 43-101.
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 1.24M 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, producing a dry tailings product which has potential as a soil remineralizer for the agricultural industry. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML", and the Frankfurt Stock Exchange under the symbol "0Y90.'
Additional information on the Company can be found on its website at www.liparimining.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Contact:
Kenneth Johnson
President and Chief Executive Officer
ken.johnson@liparimining.com
Phone: +55 (71) 3369 4808
Cautionary Note
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of LML have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Statements
This press release 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. 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. These forward-looking statements include, among others, statements with respect to: the completion of the acquisition of the kimberlite processing plant, the ability to advance the planned bulk sampling of the Tchiuzo pipe; the Company's plans to update the historical feasibility study that was completed on the Tchiuzo kimberlite by SM Catoca; the timing and ability to complete a future equity financing; the ability to advance the Tchitengo Project to feasibility, the potential for a broader Tchitengo kimberlite field, 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. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Lipari's periodic filings with Canadian securities regulators. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Lipari's expectations include risks associated with the business of Lipari; risks related to reliance on technical information provided by Lipari; risks related to exploration and potential development of the Lipari's mineral properties; business and economic conditions in the mining and diamond industries generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and other risk factors as detailed from time to time and additional risks identified in Lipari's filings with Canadian securities regulators on SEDAR+ in Canada (available at www.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Lipari does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
CBOE CANADA DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
1 NI43-101 Technical Report on the Tchiuzo Kimberlite, Lunda Sul, Angola, prepared for Lipari Mining Ltd. by Martin Doyle, P.Geo., Falmar Ltd., Sean Duggan, PrSciNat., Z Star Mineral Consultants (Pty) Ltd., and Carlos Guzmán, FAusIMM, NCL Ingenieria Y, Consrucción SpA., October 31, 2025., pg.10.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278409
Source: Lipari Mining Ltd.
