GJ Town India

  The recovered rough, the sixth of over 1K carats by Lucara   Lucara Diamond announces the recovery of an extraordinary 1,094 carat rough diamond from its 100% owned Karowe Mine in Botswana. This remarkable stone bears striking similarities to the 692 carat diamond announced in August 2023, which was polished by HB Antwerp and yielded polished diamonds that sold for in excess of USD13 million. Lucara confirms that this newly recovered 1,094 carat stone will also be polished by HB Antwerp, as part of the ongoing partnership between the two companies.   The newly recovered 1,094 carat diamond, the sixth stone in excess of 1,000 carats recovered by Lucara, continues the Company's track record of unearthing large, high-value stones from the EMPKS ore type in the South Lobe of the Karowe Mine. Its exceptional size and quality underscore the unique characteristics of the Karowe ore body and reinforce the Company's position as the leading producer of large, high-quality...

Result of Mega Diamond Recovery XRT technology of Lucara    Lucara Diamond Corp is thrilled to announce the recovery of an exceptional 2,492 carat diamond from its Karowe Diamond Mine in Botswana. This remarkable find, one of the largest rough diamonds ever unearthed, was detected and recovered by the Company's Mega Diamond Recovery X-ray Transmission (XRT) technology, installed in 2017 to identify and preserve large, high-value diamonds.    The stone was recovered from the processing of EM/PK(S) kimberlite, the dominant ore type that Lucara will continue to target during the first years of the Company's underground mining operations. This discovery underscores Karowe's reputation as a world-class asset and reaffirms Lucara's position as a leading producer of large, exceptional diamonds. This latest recovery joins an impressive roster of other significant finds from the mine, including the 1,758 carat Sewelô and the 1,109 carat Lesedi La Rona. William Lamb, P...

Approves US$220 million for the expansion   Lucara Diamond Corporation has received credit approved commitments from a syndicate of five Mandated Lead Arrangers for a senior secured project financing debt package of up to US$220 million (the Facilities) to fund the underground expansion at Lucara's 100% owned Karowe Mine in Botswana.   The Facilities will include two tranches: A project finance facility of US$170 million to fund the development of the underground project and a working capital facility of US$50 million to support the on-going operation of the Karowe open pit mine. Financial closing of the Facilities is subject to satisfactory completion of definitive documentation, and satisfaction of certain terms and conditions, including appropriate KYC checks. The MLAs are ING Bank NV, Natixis, Societe Generale, London Branch, Africa Finance Corporation and Afreximbank.   Eira Thomas, President and CEO commented: "Securing credit commitments for the arrangement of ...

Lucara Diamond recovers a 240 carat, top white gem diamond, from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Since mining began at Karowe in July 2012, a total of 54 diamonds in excess of 200 carats have been recovered, including 12 diamonds larger than 300 carats in size. In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. Eira Thomas CEO commented: "This top white 240 carat gem diamond was mined from the M/PK(S) unit within the South Lobe, providing continuing confirmation that large, high quality gem diamonds are recovered throughout the kimberlite, in all lobes and phases on a regular basis. As Karowe enters its 7th full year of production...

Top white gem diamond from Karowe A total of 129 diamonds in excess of 100 carats have been recovered so far! Lucara Diamond announces the recovery of a 127 carat, top white gem diamond, from its 100% owned Karowe Diamond mine located in Botswana.  Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone.  That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018.  In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. Eira Thomas, CEO commented: "The recovery of this latest, high value, top white 127 carat diamond attests to the remarkable nature of the Karowe ore body, which has consistently delivered large, high value diamonds throughout its history. 2018 was a banner year, having recovered a record number of Specials (diamonds >10.8 carats in size). In 201...