Lucara revised 2025 revenue guidance

Excludes the sale of the 2,488 carat Motswedi Recently the Lucara presented their result for the 1Q. 2025 and shared their Outlook & said, diamond revenue, diamond sales and diamonds recovered guidance has been revised from the 2025 guidance. During Q1 2025, the Company mined and will continue to mine for the remainder of the year a higher proportion of M/PK(S) ore and less higher-grade EM/PK(S) ore than initially planned due to a shift in the contact between the two kimberlites at current mining levels. This results in lower EM/PK(S) milled tonnes which have historically produced higher volumes of larger, higher quality diamonds and decreases expected revenue for the remaining eight months of the open pit. The revised 2025 revenue guidance excludes the sale of the 2,488 carat Motswedi. In 2025, the Company expects to mine between 1.8 and 2.2 million ore tonnes including waste. Mined ore will be processed in combination with stockpiled material in 2025. The ass...