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 > New Press Release - LUCARA ANNOUNCES A NEW MULTI-YEAR DIAMOND SALES AGREEMENT WITH HB ANTWERP

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Comment by divime1on Feb 19, 2024 6:43am

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Post# 35887316

RE:New Press Release - LUCARA ANNOUNCES A NEW MULTI-YEAR DIAMOND SALES AGREEMENT WITH HB ANTWERP

It's good to have a business man back in charge of Lucara . Now maybe the stock price will start moving up . Eira Thomas was more concerned with Clara and replacing every man working for Lucara with a woman .

The anticipated benefits of the NDSA to Lucara include:

Regular cashflow to Lucara in support of the ongoing development of the Karowe Underground Project.
Significant potential revenue upside, especially for large complex rough diamonds, based on historical performance, providing a premium on diamond sales benefiting all Karowe Mine stakeholders.
Ongoing alignment with the Government of Botswana's strategy to diversify downstream, and participate in the upside of polished diamond revenue.
Streamlined diamond evaluation, sales reporting and payment mechanisms.
The creation of an efficient and restructured, large and high quality diamond supply chain which has the potential of meeting the demands of high-value brands