Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Lucara's Karowe Underground Project in Botswana to begin operations in 2028, with $779M in costs and projected $1.3B in net income.

flag Lucara Diamond Corp. has released an updated feasibility study for its Karowe Underground Project in Botswana, confirming a 10-year operation starting in early 2028 with $779 million in pre-production capital costs. flag The project, expected to recover 4.5 million carats of diamonds from the South Lobe kimberlite pipe, aims for over $1.3 billion in net income and a $432.1 million after-tax NPV at an 8% discount rate. flag The study highlights the area’s potential for high-value Type IIa diamonds, including past record-setting stones. flag The full technical report will be available on SEDAR+ and Lucara’s website within 45 days.

5 Articles

Further Reading