Lucara Diamond Corp. - Operations (NEW)

Overview

Lesotho - Mothae Diamond Project Botswana - Karowe Mine Technical Reports Operations Update Future Plans & Outlook Qualified Person

Company Brochure

Project Photo Gallery

Diamond Information Booklet

AK6 Development Photos

Lucara is a well positioned emerging new diamond producer. The Company has an experienced board and management team with years of diamond development expertise. The Company's two key assets are the Karowe (AK6) diamond mine in Botswana and the Mothae diamond mine in Lesotho. The 100% owned Karowe mine is in the construction stage with mine commissioning scheduled to commence in the fourth quarter of 2011. The 75% owned Mothae mine is currently in the trial mining stage. Both Mothae and Karowe are world class assets with tonnage and throughput upside; diamond values from both could significantly increase with the continued recovery of Type IIA and large stones.

Karowe Diamond
Botswana

The AK6 project is an advanced diamond development project located in the Orapa district of Botswana, the largest diamond producing region in the world. The acquisition of the De Beers interest in AK6 was completed on December 17, 2009.

Mothae Diamond
Lesotho

The Mothae Diamond Project is a 20.0 square kilometre concession located in one of the most prolific diamond producing regions in the world. The project hosts a large diamondiferous kimberlite pipe with an estimated surface extent of 8.8 hectares and is located adjacent to and directly on trend with the world-famous Letseng diamond mine.

Holder	Country	Commodity	Property/Project	Type and Number	Date of Grant or Renewal	Renewal or Expiry Date	Area (km²)
Lucara	Lesotho (75% interest)	Diamonds	Mothae	Mining license (1)	September, 2009	September 2019 Renewable for a further 10 years	20.0
Lucara	Botswana (100% interest)	Diamonds	Karowe (AK6)	Mining License (1)	October 2008	October 2023	9.0

Karowe Diamond Botswana

Mothae Diamond Lesotho

Karowe Diamond
Botswana

Mothae Diamond
Lesotho