Lucara Diamond Corp.
Resource Estimate
LUCARA ANNOUNCES UPDATED FEASIBILITY STUDY FOR KAROWE UNDERGROUND PROJECT
Lucara Diamond Corp. has released an updated Feasibility Study for its Karowe Underground Project in Botswana, which extends the mine life by approximately 10 years and is expected to generate over $3.3 billion in diamond revenue. The study includes updated mineral resource and reserve estimates, prepared in accordance with NI 43-101, and outlines pre-production capital costs of $779 million. The project is designed to support a 2.85 million tonnes per annum underground mine, focusing on high-value diamond recovery.