Karowe
Lucara’s Karowe – Diamond darling keeps delivering
“This is an exciting time for us as we are finally in a position to move forward with underground expansion at Karowe."
Lucara’s Q3,2021 revenue reaches $72.7 million
“The underground expansion project which supports operations at Karowe at current production rates until at least 2040."
Final board project sanction for the Karowe announced
A notice from the US$170 million project loan facility has been accepted and first funding is expected to be received in mid-September.
Lucara’s Karowe UGP will add at least US$4 billion in additional revenues
“It delivers strong economics projected to pay back capital in under three years and add approximately $4 billion in revenues." - Eira Thomas
Karowe’s big diamonds just keep coming
Lucara Diamond Corp. has recovered a 393.5 carat top white Type IIa gem quality diamond from its 100% owned Karowe diamond mine in Botswana.
Lucara signs US$220 million debt facility for operations at Karowe
"Lucara is moving forward with a fully financed underground expansion project, extending Karowe's mine life to at least 2040."
Lucara enters agreements to raise funds for Karowe expansion
The proceeds will be used for working capital to support the development and ongoing operation of the Karowe diamond mine.
Lucara recovers another colossus from Karowe
It measures 77x55x33 mm and is described as a clivage gem of variable quality with significant domains of high-quality white gem material.
470 carat diamond recovered from Karowe
Year to date, Karowe has produced 10 diamonds greater than 100 carats.
Lucara secures US$220 million for Karowe underground expansion
"The mine remains one of the world's highest margin diamond mines and has yielded 4 of the 10 largest diamonds in recorded history."
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