The Karowe diamond mine, located in Botswana, is a state-of-the-art mine which was fully commissioned in Q2 2012. Karowe, which means precious stone in the local language, is a large-scale asset with tonnage and throughput upside and is one of world’s foremost producers of large, high quality, Type IIA diamonds in excess of 10.8 carats, including the historic 1,109 carat Lesedi La Rona and the 813 carat Constellation
The mine plan is based on:
- Probable reserves from surface to a depth of 324 m below surface of 19.84 mt containing 2.6 million carats, total Mineral Reserve (including stockpiles) of 25.40 mt containing 2.96 million carats (effective date of May 25, 2018, based on 1.25mm bottom cut off size and 70% of the insitu carats at 1.00 BCOS).
- A total Indicated resource from surface to a depth of 600 m below surface of 57 mt containing 7.9 million carats including stockpiles (effective date of May 25, 2018, based on 1.25mm bottom cut off size and 70% of the insitu carats at 1.00 BCOS).
- Inferred resource from 600 m to 750 m below surface of 1.93 mt containing 1.17 million carats.
2020 CAPITAL PROGRAM
Sustaining capital and project expenditures are expected to be up to $25.0 million in 2020, including expenditures associated with the construction of an additional slimes dam (this is a multi-year project), upgrades to the XRT recovery circuit and a provision for the implementation of body scanning technology to enhance security which had originally been planned for 2019, subject to receipt of the regulatory approval. In addition, Lucara has committed to several community investments and optimization initiatives in 2020.
OPERATING COST
Karowe 2020Â operating cash costs are forecast to be between $32.00 – $36.00 per tonne including waste mined, contract mining and process plant operations.
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