VANCOUVER, BC, Dec. 1, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the execution of the lateral development contract (the "Contract") for the Karowe underground project (the "UGP" or the "Project") with Group R Mining and Exploration Botswana (Pty) Ltd. ("Group R"). The Company has entered into the Contract for the execution of all underground lateral development from the production and ventilation shafts to the orebody, including construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with associated vertical dams, drilling horizons, workshop facilities, and all connecting infrastructure required to advance development toward the kimberlite in accordance with the Project schedule. The decision aligns with Lucara's commitment to the successful development of the UGP, which will extend the life of mine at Karowe and maintain its position as a leading producer of large, world-class, high-quality diamonds. PDF Version
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