Lucara Diamond (TSX:LUC) announced the discovery of a remarkable 2,492-carat diamond from its Karowe Diamond Mine in Botswana. This diamond is one of the largest rough diamonds ever found and was retrieved using the company’s Mega Diamond Recovery technology. The stone is a significant ore type that Lucara plans to focus on during its initial years of underground mining operations.
The CEO of Lucara Diamond, William Lamb, emphasized the potential of the Karowe Mine and the company’s investment in advanced XRT technology. This find underscores the effectiveness of Lucara’s diamond recovery approach and commitment to delivering value to its shareholders and stakeholders.
Botswana is recognized for its substantial socio-economic contributions, including support for national development through funding essential sectors such as education and healthcare.
Lucara Diamond is a prominent producer of large, high-quality Type IIa diamonds from the Karowe Diamond Mine in Botswana, which has been operational since 2012. The company’s shares have seen a significant increase of 27.27% to C$0.42 as of 1:39 pm ET.
For further discussions on this stock, investors can visit the Lucara Diamond Bullboard forum on Stockhouse’s platform.
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