Lucara Diamond Corp. is pleased to announce the recovery of a remarkable 2,492 carat diamond from its Karowe Diamond Mine in Botswana. This exceptional find, one of the largest rough diamonds ever discovered, was identified and retrieved using the Company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology. The stone was recovered from the processing of EM/PK(S) kimberlite, the primary ore type targeted by Lucara during the initial stages of its underground mining operations.
This discovery further solidifies Karowe’s reputation as a world-class asset and reinforces Lucara’s position as a leading producer of large, exceptional diamonds. The 2,492 carat diamond joins a prestigious list of significant finds from the mine, including the Sewelô and Lesedi La Rona diamonds.
William Lamb, President and CEO of Lucara, expressed enthusiasm for the recovery of this extraordinary diamond. He highlighted the strategic investment in advanced XRT technology and emphasized the Company’s commitment to enhancing value for shareholders and stakeholders. The recovery of this massive, high-quality stone intact demonstrates the effectiveness of Lucara’s diamond recovery approach and its dedication to maximizing value.
Botswana’s diamond industry plays a crucial role in the country’s socio-economic development, supporting sectors such as education and healthcare. This discovery not only showcases Botswana’s global leadership in diamond production but also reflects the nation’s progress in utilizing its diamond resources for the benefit of its citizens.
The news release has been reviewed and approved by Dr. Lauren Freeman, Vice-President, Mineral Resources of the Company. Mr. Lamb reaffirmed Lucara’s commitment to maintaining high standards while delivering long-term economic benefits to Botswana and the local communities where the Company operates.
Lucara Diamond is a respected producer of large, high-quality diamonds from the Karowe Diamond Mine in Botswana. The Company operates transparently and adheres to international best practices in sustainability, health, safety, environment, and community relations. Lucara is committed to supporting Botswana’s development and ensuring the well-being of its communities.
This information is provided in compliance with the EU Market Abuse Regulation and reflects the Company’s commitment to transparency and responsible diamond mining practices. Please refer to the full cautionary note regarding forward-looking statements in the news release for more information.
For further information, please contact:
Vancouver: Hannah Reynish, Investor Relations & Communications, +1 604 674 0272, [email protected]
Sweden: Robert Eriksson, Investor Relations & Public Relations, +46 701 112 615, [email protected]
UK Public Relations: Charles Vivian / Jos Simson, Tavistock, +44 79 772 97903, [email protected]
