Lucara Announce Dates for Exceptional Stone Tender
In addition, the Company is also pleased to announce the completion of the first stage of plant modifications to upgrade the Large Diamond Recovery ("LDR") circuit to enable the processing of material of up to 90mm in size. This size fraction would allow for the recovery of a diamond of similar size to the 3,106 carat Cullinan diamond recovered in 1905.
William Lamb, President and Chief Executive Officer commented "The Karowe mine has continued to produce large exceptional high value stones. The ongoing sale of these diamonds has solidified the Company's market leadership position and brand recognition for the sale of exceptional high quality, large diamonds. Our focus on advancing our recovery techniques, marketing strategy and the routes to market for the sale of such exceptional diamonds has resulted in the expansion of our premium customer base and is achieving maximum diamond recoveries, prices and shareholder value."Lucara is a well positioned diamond producer. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company's main producing asset is the 100% owned Karowe Mine in Botswana. The Company also conducts exploration activities and holds two precious stone prospecting licenses close to its Karowe mine.