Karowe Mine Summary

                          
Location  Botswana 
Ownership  100% - Lucara Botswana (Pty) Ltd.
Royalty  10% 
Type  Hard rock. Open pit. Mine plan to depth of 324 m.
Status  Mine development and production
Resources and Reserves Mine plan based on Probable reserve 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
Mine Life Open pit operations to 2026 with further underground potential
Throughput  2.5 - 2.8 mtpa
2019 Capital Program Sustaining capital and project expenditures are expected to be up to $14.0 million in 2019, including expenditures associated with the construction of an additional slimes dam, maintenance related to the XRT recovery circuit, and a provision for the implementation of body scanning technology to enhance security.
Operating Costs $32-$37 per tonne including waste mined
Contract mining and process plant operations
Production 2019 (Estimate) 300,000-330,000 carats per year
2019 Revenue (Estimate) $170-$200 million.
Diamonds  Large high value diamonds including exceptional stones
Diamond Sales Regular tenders throughout the year with exceptional stone tenders as recovery dictates.
  Cautionary and Forward Looking Information