REG - Lucara Diamond Corp - LUCARA TO HOLD A VIRTUAL TOWN HALL MEETING

Lucara DiamondAnnouncement

04/03/2022 07:00

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RNS Number : 6628D  Lucara Diamond Corp  04 March 2022

March 3, 2022

 

PRESS RELEASE

 

LUCARA TO HOLD A VIRTUAL TOWN HALL MEETING ON MARCH 9, 2022

 

VANCOUVER, March 3, 2022 /CNW/ - (LUC - TSX, LUC - BSE, LUC - Nasdaq
Stockholm)

 

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that
Eira Thomas, President and CEO, will be presenting at a Virtual Town Hall
meeting for investors, on Wednesday, March 9, 2022, at 12:00 EST / 5:00pm BST
/ 6:00 pm CET.

 

The Company published its 2021 Year End results on February 24, 2022 (link to
press release
(https://lucaradiamond.com/newsroom/news-releases/lucaras-2021-annual-revenue-of-230-1-million-inc-122838/)
), marking a strong year for operational and financial performance. Some of
the highlights include:

·      Revenue of $230.1 million increased 84% over the previous year.

·      Average price per carat sold increased to $603/carat, an 80%
increase over the previous year.

·    A total of 841 Specials (single diamonds in excess of 10.8 carats)
recovered, representing 7.8% weight percent Specials, the highest annual
volume of Specials recovered since Karowe commenced production in 2012.

·      The third +1,000 carat diamond recovered since 2015.

·     A record 2.8 million tonnes of ore processed, representing a new
annual record since the start of production at the Karowe Mine.

·     The Karowe underground expansion project was formally approved by
the Board of Directors and a total project investment of $86.3 million during
2021 focused on detailed design and engineering, establishing surface
infrastructure and shaft pre-sinking.

·    Total sales volume of $28.7 million transacted on the Clara
platform, a 168% increase from the $10.7 million transacted in 2020.

 

The Karowe mine remains one of the world's highest margin diamond mines
yielding 4 of the 10 largest diamonds in recorded history, including the 1,174
carat diamond recovered in 2021, the 1,758 carat Sewelô, the largest diamond
recovered from Botswana, and the 1,109 Lesedi La Rona which sold for US$53
million.

 

Register for the live Lucara Town Hall event here: Link
(https://us06web.zoom.us/webinar/register/WN_3eh83J_wQNGfJ87OWlEN_Q) . A
Question & Answer period will follow the presentation. A copy of the
presentation will also be available on the Company's website:
https://lucaradiamond.com (https://lucaradiamond.com/newsroom/presentations/)
.

 

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:

 

 Tetiana Konstanynivska  Investor Relations & Communications
                         +1 604 674 0272| info@lucaradiamond.com (mailto:info@lucaradiamond.com)

 Sweden                  Robert Eriksson, Investor Relations & Public Relations
                         +46 701 112615 | reriksson@rive6.ch (mailto:reriksson@rive6.ch)

 UK Public Relations     Charles Vivian / Jos Simson, Tavistock
                         +44 79 772 97903 | lucara@tavistock.co.uk (mailto:lucara@tavistock.co.uk)

 

ABOUT LUCARA

Lucara is a leading independent producer of large exceptional quality Type IIa
diamonds from its 100% owned Karowe Mine in Botswana. 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, at 5:30 p.m. Pacific Time on March 3, 2022.

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