REG - Lucara Diamond Corp - LUCARA FOUNDER AND FORMER CHAIRMAN

Lucara DiamondAnnouncement

27/07/2022 16:30

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RNS Number : 9720T  Lucara Diamond Corp  27 July 2022

July 27, 2022

 

PRESS RELEASE

 

LUCARA FOUNDER AND FORMER CHAIRMAN AND DIRECTOR LUKAS H. LUNDIN PASSES AWAY

 

VANCOUVER, July 27, 2022/CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq Stockholm)

 

Lucara Diamond Corp. ("Lucara" or the "Company") regrets to announce the death
of Company founder and former Chairman and member of the Board of Directors,
Mr. Lukas H. Lundin, in Geneva, Switzerland on July 26, 2022 at the age of 64,
following a two-year battle with brain cancer.

 

Over the past 40 years, Lukas Lundin was the driving force behind the
tremendous success of The Lundin Group of Companies. Lukas started his career
in the international energy and mining sectors in the early 1980s working
side-by-side with his father, the late Adolf H. Lundin.

 

Under the leadership of Lukas and his brother Ian, and in close cooperation
with the rest of the Lundin family, the Lundin Group of Companies has grown
into an internationally recognized group of energy and mining companies with
operations around the globe, employing more than 15,000 people and creating
opportunities for tens of thousands more. The 11 companies that make up the
Lundin Group of Companies have a combined market capitalization in excess of
USD 11 billion.

 

Lukas Lundin founded Lucara along with partners Eira Thomas and Catherine
McLeod-Seltzer in 2007, and he served as a director and Chairman of the Board
until May 2022. In 2010, Lucara acquired the AK06 kimberlite in Botswana and
advanced the project through feasibility and construction, commencing open pit
production at the Karowe diamond mine in 2012. The Karowe mine is renowned for
its production of large, high quality, type IIA diamonds and is the only
diamond mine in recorded history to have ever recovered three diamonds in
excess of 1,000 carats each.

 

Lukas Lundin's sons Harry, Adam, Jack and William said in a joint statement:
"Our father is our biggest inspiration. His passion for the industries to
which he devoted his life was unparalleled. Lukas saw people as the key to
success and spent decades building some of the strongest management teams in
our industries. He always strived to empower those working with him and
continuously pushed us to aim higher. We could not have had a better father
and mentor.

 

Our family is deeply saddened about Lukas' passing but takes comfort in the
knowledge that his legacy will live on for generations to come. Having worked
side-by-side with Lukas for many years, all of us look forward to continuing
to build on the successes of the companies within the Lundin Group - with the
support of our shareholders and stakeholders, not least the members of the
local communities where we operate. The companies in the Lundin Group stand
stronger than ever and the Lundin family is united in our commitment to remain
long-term shareholders."

 

Lucara founding partners, Catherine McLeod-Seltzer, Director and Eira Thomas,
CEO said: "Lukas' passing is a profound loss for all of us at Lucara and we
would like to extend our deepest condolences to the Lundin Family at this
difficult time. Lukas will be remembered as a visionary, a man of true
conviction who was never afraid to swim against the tide once the value of an
opportunity became apparent. His critical, financial sponsorship of the
acquisition and development of the successful Karowe diamond mine in Botswana,
which has operated continuously since 2012 and generated over $2 Billion in
revenues to date, is a testament to this vision. Further, his commitment to
innovation and willingness to take risks, pledging further support for
Lucara's +$500 million underground expansion project, to access a rich portion
of the orebody and extend the mine life out to 2040, will ensure that the full
value of this remarkable asset is realized to the benefit of all stakeholders.

Business successes aside, Lukas was a true partner and friend whose energy and
passion for living life to its fullest touched and enriched the lives of so
many people in our Company and within our local communities of interest in
Botswana. Africa was indeed one of Lukas' favourite places and through his
work with Lucara and the Lundin Foundation, he leaves a lasting legacy of
positive economic development that will benefit generations to come. We will
deeply miss our intrepid and legendary leader, who will forever inspire us to
be bold and think big."

 

On behalf of the Board,

 

Eira Thomas

President and Chief Executive Officer

 

Follow Lucara Diamond on Facebook (https://www.facebook.com/LucaraDiamond/) ,
Twitter (https://twitter.com/LucaraDiamond) , Instagram
(https://www.instagram.com/lucaradiamond/) , and LinkedIn
(https://www.linkedin.com/company/lucara-diamond-corp-)

 

For further information, please contact:

   Robert Eriksson, The Lundin Group of Companies
   +46 701 112615 | reriksson@rive6.ch (mailto:reriksson@rive6.ch)

 

ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa
diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest
in Clara Diamond Solutions, a secure, digital sales platform positioned to
modernize the existing diamond supply chain and ensure diamond provenance from
mine to finger.  The Company has an experienced board and management team
with extensive diamond development and operations expertise.  The Company
operates transparently and in accordance with international best practices in
the areas of sustainability, health and safety, environment and community
relations.

 

The information in this release is accurate at the time of distribution but
may be superseded or qualified by subsequent news releases.

 

The information was submitted for publication, through the agency of the
contact person set out above, on July 27, 2022 at 8:30am Pacific Time.

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