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Lucara Diamond Corp T.LUC

Alternate Symbol(s):  LUCRF

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.


TSX:LUC - Post by User

Bullboard Posts
Comment by nyonion May 05, 2016 8:44pm
213 Views
Post# 24846515

RE:RE:RE:RE:RE:RE:Paradigm

RE:RE:RE:RE:RE:RE:Paradigm I'm going to pass on the cost of underground since I don't have any info at hand. However I'll see what I can 'dig' up.

As I understand it,  'Life of Mine' is an accounting metric which describes the period over which commercial activities can take place.

This means one of two things;
a) either the commercial activity ends because the resource runs out, or
b) the mining licence runs out whilst resource remains.

As I understand it, the 'life of mine' we are working on is of type b)

The licence was granted for 15 years in 2008 and expires in 2023.

At this time the resource will clearly not be exhausted so an application will be made for another 15 year licence and so on if need be.
Bullboard Posts