Lucara Diamond Announces Ramp-Up and Sale

Lucara Diamond Corp. (TSX:LUC,BOTS:LUC,NASDAQOMXFirstNorth:LUC) announced an update on the ramp-up at the Karowe mine and the sale of 36,353 carats.

As quoted in the press release:

Production ramp-up is making excellent progress. To date more than 310,000 tonnes have been processed yielding in excess of 87,000 carats. The optimisation of the mine dewatering system is nearing completion, which will further improve plant throughput for the remainder of 2012.

The final capital expenditure for the development of the Karowe mine is complete and has come in below the original approved budget of $120 million. The mine site has fully transitioned to operations personnel and the excellent safety standards developed during construction have been maintained.

Click here to read the Lucara Diamond Corp. (TSX:LUC) press release.