Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

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.

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Lucara Diamond Corp > Results

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Comment by nyonion Mar 02, 2021 1:55pm

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Post# 32696416

RE:RE:RE:RE:RE:RE:RE:Results

By the way, although Lucara relinquished its only remaining exploration licence in Q3 2019, there was a 2020 expenditure of approx $2M for exploration.

Sunbird is still going, (although covid-hampered), according to Luc website, so whose ground are they looking at?

From the website:-

SUNBIRD EXPLORATION GENERATIVE PROJECT:

The Company’s exploration program in 2019/20 is focused on the Sunbird generative project. During Q2 2018, an agreement was signed with a Botswana company, Sunbird, to focus on the discovery of new kimberlites within the country using a proprietary UAV magnetometer platform to identify targets. Data acquisition commenced during Q2 2018 and has continued through to the end of 2019/. Data acquisition in 2020 has been curtailed due to travel restrictions related to COVID-19. Sunbird will continue to focus on identifying new targets for drilling from data acquired in 2019 and through 2020.

BOTSWANA PROSPECTING LICENSES:
At present Lucara Botswana does not hold any Prospecting Licenses, PL371/2014 was not renewed in Q3/19 due to poor results.