Underground mine plans for Karowe moving forward

The results of a preliminary economic assessment (PEA) announced by diamond miner Lucara Diamonds in November demonstrate the potential economic viability for the development of an underground mine at Karowe, in Botswana. The development of the underground mine is planned after the completion of the current openpit mine, with CEO William Lamb stating their operations are focused on the high-value south lobe, which remains open at depth below the current design, and “is a further indication of the potential longevity of the resource and cash flow generation at Karowe.”