Karowe Mine Summary

Location  Botswana 
Ownership  100% - Boteti Mining (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  2.4 - 2.7 mtpa
2016/2017 Capital Program $50 million approx. + $7 million exploration budget
Operating Costs $36-$40 per tonne including waste mined
Contract mining and process plant operations
Production 2017 265,000-285,000 carats per year (Revised Estimate)
2017 Revenue (Estimate) $200-$220 million, excluding the sale of Lesedi La Rona
Diamonds  Large high value diamonds including exceptional stones
Diamond Sales Regular tenders throughout the year with exceptional stone tenders as recovery dictates. Ten large and exceptional stone tenders to date.
  Cautionary and Forward Looking Information