Lucara Diamond Corp.
LUCARA ANNOUNCES UPDATED FEASIBILITY STUDY FOR KAROWE UNDERGROUND PROJECT
Lucara Diamond Corp. announced an updated Feasibility Study for its Karowe Underground Project in Botswana, extending the mine life by approximately 10 years. The study, prepared in accordance with NI 43-101, confirms the project's economic viability with an after-tax unlevered NPV 8% of $432.1 million and total life of mine diamond recoveries of 4.5 million carats. It incorporates updated resource and reserve estimates, capital and operating costs, and a revised mining plan.