Brief: Lucara Says Extending Anticipated Commencement Of Production From Karowe Underground Expansion Project From H2 2026 TO H1 2028

Lucara Diamond

17/07/2023 06:03

July 17 (Reuters) - Lucara Diamond Corp  LUC.TO :
    * LUCARA PROVIDES KAROWE UNDERGROUND EXPANSION PROJECT
UPDATE
    * EXTENDING ANTICIPATED COMMENCEMENT OF PRODUCTION FROM
KAROWE
UNDERGROUND EXPANSION PROJECT FROM H2 2026 TO H1 2028
    * LUCARA-REVISED FORECAST OF COSTS AT COMPLETION OF KAROWE
UNDERGROUND PROJECT IS $683 MILLION, 25% INCREASE TO MAY 2022
ESTIMATED CAPITAL COST OF $547 MILLION

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 ((Reuters.Briefs@thomsonreuters.com;))