Karowe Overview
| 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 | See Link |
| Mine Life | Open pit operations to 2026 with further underground potential to 2040. Mining License in respect of the Karowe Mine has been approved by the Botswana Government to 2046. |
| Throughput | 2.5 - 2.8 mtpa |
|
2021 Capital Program |
Sustaining capital and existing project expenditures are expected to be up to $21.0 million in 2021, including expenditures associated with the XRT recovery circuit to create redundancy in the Large Diamond Recovery circuit and implementation of body scanning technology (to enhance security). The proposed underground expansion at the Karowe Mine has an estimated capital cost of $514 million and a five year development period. An investment decision, subject to receipt of all required authorizations and the arrangement of financing, is expected in H2 2021. The year one capital spend on the expansion program is expected to be $105 million. |
|
Operating Costs |
$28-$32 per tonne processed |
| Diamonds Recovered 2021 (Estimate) | 340,000-370,000 carats per year |
| 2021 Diamond Revenue (Estimate) | $180-$210 million |
| Diamonds | Large high value diamonds including exceptional stones |
| Diamond Sales |
1. Regular tenders of diamonds less than 10.8 carats held quarterly |
| Annual Information Form (AIF) | Project Description and Geological Information AIF |
| Underground Expansion Program |
1. Link to the 2019 Karowe Mine Underground Feasibility Study Technical Report Botswana |
| Cautionary and Forward Looking Information | |
