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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

Post by AndersSon Jul 23, 2023 12:30pm
314 Views
Post# 35553416

Large number of +100 ct diamonds in Q2

Large number of +100 ct diamonds in Q2
One section in the update about the UG project says this :
"As a result, the recovery of large high value +100 carats diamonds sourced from the M/PK(S) and EM/PK(S) units is in line with resource expectations and previous half-year recoveries."

I find that line very interesting, given that the recoveries during Q1 2023 was much lower than average. Only two +100 carats were recoveried during Q1 (source Q1 2023 report).

During the last three years, the number of +100 carats recovered have been 34 (2022), 39 (2021) and 34 (2020) (source full years reports). So on average almost 36 per year. On average the half-year recovireies have hence been about 18 +100 carat diamonds.

So given that in Q1 2023 two +100 carats were recovered combined with th statment that "... the recovery of large high value +100 carats diamonds sourced from the M/PK(S) and EM/PK(S) units is in line with resource expectations and previous half-year recoveries", I conclude that around 16 +100 carats have been recovered during Q2 2023.
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