Karowe Mine Summary

Location  Botswana 
Ownership  100% - Boteti Mining (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 of 36.2 mt containing 6.3 million carats

Indicated resource from surface to a depth of 400 m of 51 mt containing 8.2 million carats

Inferred resource from 400 m to 750 m of 21 mt containing 4 million carats
Mine Life Open pit operations to 2026 with further underground potential
Throughput  2.2 - 2.4 mtpa
2016/2017 Capital Program $50 million approx. + $7 million exploration budget
Operating Costs $29-$31 per tonne including waste mined
Contract mining and process plant operations
Production  350,000-380,000 carats per year
2016 Revenue (Estimate) $200-$220 million, excluding the sale of the two very large diamonds (Constellation and Lesedi La Rona)
Diamonds  Large high value diamonds including exceptional stones
Diamond Sales Regular tenders throughout a year Exceptional stone tenders as recovery dictates Nine large and exceptional stone tenders to date, 131 diamonds sold with sales in excess of $350 million
  Cautionary and Forward Looking Information