Lucara Reports Recovery of 13 Diamonds Larger Than 100 Carats

(IDEX Online News) – Lucara Diamond Corp. has recovered 13 diamonds larger than 100 carats, two of which exceed 200 carats, since the start of the second quarter.

Of the thirteen stones recovered, eight are gem quality diamonds. The five largest gem quality stones weigh 259 carats, 239 carats, two stones weighing 153 carats each and a 133 carats stone.

Since the beginning of the second quarter, Karowe has produced 239 diamonds larger than 10.8 carats, including 27 diamonds with weights between 50 and 100 carats.

Lucara also announced that its second Exceptional Stone Tender will take place on July 18. Client viewings will take place in both Antwerp and Gaborone. The company is in the process of selecting stones for the tender and will post information about it along with a brochure on its website.

William Lamb, President and CEO, commented, "The ongoing recovery of these large and exceptional white diamonds continues to drive increased value for Lucara and its shareholders and has established the Karowe mine as a rare source of truly exceptional diamonds. The ongoing recovery of such stones is encouraging for a potential third exceptional stone tender during the fourth quarter of 2014."

Lucara has two key assets: the Karowe mine in Botswana and the Mothae project in Lesotho. The 100-percent owned Karowe mine is a newly constructed state-of-the-art mine which was fully commissioned in 2012.

At the 75-percent owned Mothae project, the company has completed the trial mining stage and is working towards completing a Preliminary Economic Assessment (PEA).