PEA supports development of underground mine at Lucara’s Karowe

A preliminary economic assessment (PEA) has revealed the potential for the development of an underground mine at Karowe, in Botswana, TSX-listed Lucara Diamond said on Friday. The Vancouver-based diamond producer is considering the development and commissioning of an underground mine after the depletion of the current openpit Karowe mine operations, expected in 2026.