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Lucara Diamond recovers another huge stone, following last month's 2,492 carat find

Kitco Media
By Michael McCrae
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Lucara Diamond recovers another huge stone, following last month's 2,492 carat find teaser image

Kitco News - Lucara Diamond (TSX: LUC) announced on Sunday that it recovered a 1,094 carat rough diamond from its 100% owned Karowe Mine in Botswana.

In August Lucara recovered a 2,492 carat diamond from the same mine.

The company said that the newly recovered 1,094 carat diamond is the sixth stone in excess of 1,000 carats recovered by Lucara.

"The recovery of this exceptional 1,094 carat diamond is a testament to Karowe's remarkable potential and further validates our investment in the underground expansion project," said William Lamb, President and CEO of Lucara. "These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns. As we progress with our underground development, we're increasingly confident in Karowe's capacity to produce these legendary diamonds well into the future, cementing our position in the high-end diamond market."

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Kitco Media

Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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