Modern Mining

Lucara Diamond Corp has announced the recovery of a 240-carat gem diamond from its 100 %-owned Karowe diamond mine located in the Orapa Diamond Field of Botswana.

Karowe delivers another big gem diamond

The 240-carat diamond recovered at Karowe.

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 7 March 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 US$1 million each and ten diamonds have sold for in excess of US$10 million each.

“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,” commented Eira Thomas, Lucara’s CEO. “As Karowe enters its 7th full year of production, the regular recovery of Specials (diamonds >10,8 carats) continues unabated and in line with expectations.”

Lucara is a member of the Lundin Group of Companies and is listed on the TSX Exchange, Nasdaq Stockholm and the Botswana Stock Exchange.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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