Mineralogical, geochemical and isotopic data including K-Ar age determinations are presented for one of the largely unknown, Mesozoic ultramafic (lamproitic) occurrences of the Aldan Shield. Ultramafic, ultrapotassic rocks occur as isolated pipes or as dykes in alkaline complexes as the Yakokut complex. K-Ar dating of phlogopites from different ultramafic dyke rocks of Yakokut give cooling ages of 133.3 ± 1.3 Ma. These rocks generally contain olivine, clinopyroxene, phlogopite and spinel phenocrysts. Olivines are forsterite-rich (Fo86–94) and undeformed, suggesting that they are phenocrysts. The low Ti and Al contents of clinopyroxenes are close to those of lamproites. Phlogopite cores are rich in Al2O3 and TiO2 relative to the rims with two different zonation trends caused by distinct crystallization conditions after emplacement. Spinels are Ti-bearing magnetites and Ti-Al-magnesiochromites with high Cr/(Cr+Al) ratios (> 0.9), indicating their crystallization from a lamproitic melt.Geochemically, the rocks are ultrabasic — basic with high mg# values, low Ca, Al, Na and strong enrichments of Rb, Ba and K. Their CaO/Al2O3, Zr/Nb or Ba/Sr ratios indicate their lamproitic nature and origin in the subcontinental lithosphere of a depleted mantle source which had undergone metasomatic enrichment. As the rocks all show strong negative Nb anomalies and low Ti, Y and Yb contents, the enrichment is attributed to subduction zone fluids. The Sr-Nd-data (87Sr/86Sr0 0.70573−0.70605 ± 0.00003; ɛNd − 10.2 ± 0.7) indicate the origin by partial melting of a heterogeneous mantle source with relatively low Rb/Sr ratios and an early enrichment. The evolution model comprises a depletion of ‘basaltic elements’, leading to a harzburgitic source which was enriched by an early LREE contribution during the stabilization of the Archaean to Proterozoic Aldan Shield. It is further suggested that the Mesozoic northwesterly directed subduction of the Ochotsk-Chukotsk belt influenced the subcontinental lithosphere underneath the Aldan Shield, leading to the observed subduction-related signature of the Yakokut lamproites.