Lucara unearths 692 carat diamond at Karowe mine in Botswana

Lucara Diamond (TSX: LUC) has recovered a 692.3 carat diamond from its 100% owned Karowe diamond mine in Botswana. The diamond, measuring 46.5 […]
Image from CNW Group/Lucara Diamond Corp.

Topics

Commodities

Regions

Tags

Companies

Lucara Diamond (TSX: LUC) has recovered a 692.3 carat diamond from its 100% owned Karowe diamond mine in Botswana.

The diamond, measuring 46.5 x 40.7 x 28.4 mm is described as a Type IIa high white gem, recovered from the South Lobe.

The diamond represents the fourth +300 carat diamond recovered year to date and shortly follows on the recovery of the 1,080 carat Type IIa white top gem earlier in August.

The other three notable recoveries since 2015 include the 1,758 carat Sewelô (2019), a 1,174-carat diamond (2021), and the 1,109 carat Lesedi La Rona (2015).

“This stone is the 20th diamond larger than 100 carats recovered, during 2023, at Karowe,” CEO William Lamb said in a news release.

“The recovery of large diamonds from the EM/PK(S) lithology of the South Lobe strongly supports our expectations for the underground project where the majority of material mined will constitute this phase of kimberlite during the first years of underground production,” Lamb said.

In July, Lucara provided an update on the Karowe underground  expansion, pegging the total preproduction cost at US$683 million, up 25% from the earlier estimate of US$547 million.

Underground production will be delayed to the first half of 2028, rather than the second half of 2026 when it was originally scheduled.

THIS STORY FIRST APPEARED ON MINING.COM.

Comments

Your email address will not be published. Required fields are marked *

Jul 15 2024 - Jul 16 2024
Jul 17 2024 - Jul 18 2024
Jul 22 2024 - Jul 23 2024
Jul 29 2024 - Jul 30 2024