Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration licenses in Botswana. The Karowe Mine has an annual production of approximately 380,000 carats of gem quality (including Type IIa) diamonds, and generates revenues greater than US $220 million per year. The Company recently made diamond history through the recovery of Lesedi La Rona an exceptionally beautiful, gem quality 1,109 carat white Type IIa diamond. This diamond is the second largest diamond ever recovered in the world and the largest ever found in Botswana.
Financial year ends 31 December
See also quarterly financial data in the production reports section.
Lucara’s 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012. The Karowe Mine is a large scale asset with tonnage and throughput upside and production has consistently included large, Type IIA. The 1,109 carat gem quality, Type IIa diamond originated from the south lobe of Lucara's Karowe Mine. This diamond is the world's second largest gem quality diamond ever recovered and the largest ever to be recovered through a modern processing facility. The stone was recovered by the newly installed Large Diamond Recovery ("LDR") XRT machines.
Production 2016 (‘000cts)
Exploration and Development
Lucara’s two precious stone prospecting licenses In Botswana are known to host the five kimberlites BK02, AK11 and AK12, AK13 and AK14. These licenses are located within a distance of 15 km and 30 km from the Karowe The exploration budget for 2016 is up to $7M with deep drilling to further explore Karowe of $3.7 million.
Diamond Sales and Marketing
Lucara will be holding 4 tenders in 2016 with viewings in Gaborone, Botswana (see the exceptional stone catalogues and previous sale results). In May 2016 Lucara sold its 813carat diamond (“The Constellation”) for $63M, the highest price ever achieved for a rough diamond.
Resources and Reserves
As of 26 December 2013