Lu­cara Di­a­mond re­cov­ers 127carat di­a­mond from Karowe

Stockwatch Daily - - FRONT PAGE - Ms. Eira Thomas re­ports

LU­CARA DI­A­MOND Corp. has re­cov­ered a 127-carat, top-white gem di­a­mond from its 100-per-cent-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 five were re­cov­ered in 2018. In ad­di­tion, Lu­cara has sold 180 di­a­monds in ex c ess of $1-mil­lion each and 10 di­a­monds have sold for in ex­cess of $10-mil­lion each. Eira Thomas, chief ex­ec­u­tive of­fi­cer, com­mented: “The re­cov­ery of this lat­est, high-value, top-white 127carat di­a­mond attests to the re­mark­able na­ture of the Karowe ore­body, which has con­sis­tently de­liv­ered large, high-value di­a­monds through­out its his­tory. Two thou­sand eigh­teen was a ban­ner year, hav­ing re­cov­ered a record num­ber of spe­cials (di­a­monds over 10.8 carats in size) and, in 2019, min­ing will be largely fo­cused on the high-value south lobe, in­clud­ing con­tri­bu­tions from the newly re­fined EMPKS unit, which is now un­der­stood to be the source of both the his­toric 1,109-carat Lesedi la Rona and the 813-carat Con­stel­la­tion, which sold for a record $63.1-mil­lion (U.S.). The Karowe di­a­mond mine cur­rently boasts open-pit re­serves of 2.6 mil­lion carats ex-

tend­ing out to 2026 and is in the process of com­plet­ing a fea­si­bil­ity study that could ex­pand min­ing un­der­ground to 2036 and be­yond.”

About Lu­cara Di­a­mond Corp.

Lu­cara is a lead­ing in­de­pen­dent pro­ducer of large, ex­cep­tional-qual­ity Type IIa di­a­monds from its 100-per­cent-owned Karowe mine in Botswana.

We seek Safe Har­bor.

Richard Peter Clark, Paul Ken­neth Conibear, Brian Dou­glas Edgar, V Marie Inkster, Lukas Hen­rik Lundin, Cather­ine A McLeod-Seltzer, Eira Mar­garet Thomas

(LUC) Shares: 396,509,387

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