Karowe Mine Summary

Location  Botswana 
Ownership  100% - Lucara Botswana (Pty) Ltd.
Royalty  10% 
Type  Hard rock. Open pit. Mine plan to depth of 324 m.
Status  Mine development and production
Resources and Reserves Mine plan based on Probable reserve from surface to a depth of 324 m of 36.2 mt containing 6.3 million carats

Indicated resource from surface to a depth of 400 m of 51 mt containing 8.2 million carats

Inferred resource from 400 m to 750 m of 21 mt containing 4 million carats
Mine Life Open pit operations to 2026 with further underground potential
Throughput  2.5 - 2.8 mtpa
2017/2018 Capital Program Sustaining capital expenditures of up to $11 million, includes final expenditure for the sub-middles XRT project which are part of the total project cost at $45 million
Operating Costs $38-$42 per tonne including waste mined
Contract mining and process plant operations
Production 2018 (Estimate) 325,000-350,000 carats per year (Revised Estimate)
2018 Revenue (Estimate) $180-$190 million.
Diamonds  Large high value diamonds including exceptional stones
Diamond Sales Regular tenders throughout the year with exceptional stone tenders as recovery dictates.
  Cautionary and Forward Looking Information