Lucara recovers extraordinary diamonds in Vancouver, September 2024
- Lucara Diamond Corp. announced the recovery of a 1,094 carat diamond on September 15, 2024.
- This diamond is the sixth stone over 1,000 carats recovered by the company, highlighting the exceptional quality of the Karowe Mine's ore.
- The ongoing discoveries of large diamonds reinforce Lucara's position as a leading producer and support its underground expansion project aimed at extending the mine's life.
Lucara Diamond Corp. made headlines on September 15, 2024, with the announcement of a 1,094 carat diamond recovery at the Karowe Mine in Botswana. This diamond is notable as the sixth stone exceeding 1,000 carats that the company has unearthed, emphasizing the mine's unique characteristics and the high-value potential of its ore. The Karowe Mine has been operational since 2012 and has consistently produced large, high-quality diamonds, establishing Lucara as a leader in the industry. The recovery of this diamond aligns with Lucara's ongoing underground expansion project, which aims to extend the mine's operational life beyond 2040. This project is designed to access deeper parts of the South Lobe, where the EMPKS ore type is prevalent, further enhancing the company's resource quality. William Lamb, the President and CEO of Lucara, highlighted the significance of this recovery, indicating it validates the company's investment in the expansion project. The consistent discovery of large diamonds not only showcases the mine's potential but also reflects Lucara's commitment to sustainable practices and community relations. The company operates transparently and adheres to international best practices, ensuring long-term economic benefits for Botswana and its communities. As Lucara continues to recover extraordinary diamonds, it reinforces its position in the market and demonstrates the ongoing viability of its operations, promising substantial returns for stakeholders and investors alike.