Diamond

TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce that Eira Thomas, President and CEO, will be presenting at a Virtual Town Hall meeting for investors, on Wednesday, March 9, 2022 , at 12:00 EST / 5:00pm BST / 6:00 pm CET . Please view PDF version

The Company published its 2021 Year End results on February 24, 2022 ( link to press release ), marking a strong year for operational and financial performance. Some of the highlights include:

  • Revenue of $230.1 million increased 84% over the previous year.
  • Average price per carat sold increased to $603 /carat, an 80% increase over the previous year.
  • A total of 841 Specials (single diamonds in excess of 10.8 carats) recovered, representing 7.8% weight percent Specials, the highest annual volume of Specials recovered since Karowe commenced production in 2012.
  • The third +1,000 carat diamond recovered since 2015.
  • A record 2.8 million tonnes of ore processed, representing a new annual record since the start of production at the Karowe Mine.
  • The Karowe underground expansion project was formally approved by the Board of Directors and a total project investment of $86.3 million during 2021 focused on detailed design and engineering, establishing surface infrastructure and shaft pre-sinking.
  • Total sales volume of $28.7 million transacted on the Clara platform, a 168% increase from the $10.7 million transacted in 2020.

The Karowe mine remains one of the world's highest margin diamond mines yielding 4 of the 10 largest diamonds in recorded history, including the 1,174 carat diamond recovered in 2021, the 1,758 carat Sewelô, the largest diamond recovered from Botswana , and the 1,109 Lesedi La Rona which sold for US$53 million .

Register for the live Lucara Town Hall event here: Link . A Question & Answer period will follow the presentation. A copy of the presentation will also be available on the Company's website: https://lucaradiamond.com .

Eira Thomas
President and Chief Executive Officer

Follow Lucara Diamond on Facebook , Twitter , Instagram , and LinkedIn

ABOUT LUCARA
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana . The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company operates transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment and community relations.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

The information was submitted for publication, through the agency of the contact person set out above, at 5:30 p.m. Pacific Time on March 3, 2022 .

LUCARA TO HOLD A VIRTUAL TOWN HALL MEETING ON MARCH 9, 2022 (CNW Group/Lucara Diamond Corp.)

SOURCE Lucara Diamond Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/03/c0776.html

News Provided by Canada Newswire via QuoteMedia

LUC:CA,LUCRF

STAR DIAMOND CORPORATION ANNOUNCES RIO TINTO DECISIONS REGARDING STAR - ORION SOUTH DIAMOND PROJECT

TSX: DIAM

 Star Diamond Corporation ("Star Diamond") announces that, at a meeting of the Fort à la Corne joint venture management committee held earlier today, Rio Tinto Exploration Canada Inc. ("Rio Tinto") exercised its voting power to place the Star Orion South Diamond Project (the "Project") on care and maintenance through December 31 2022.  As part of this, Rio Tinto has advised that, subject to fulfilling its existing obligations, it does not intend to commit additional capital to the Project during 2022 beyond what is necessary for care and maintenance.

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Tres-Or Pursues Civil Suit Filed Against Secova Metals Corp.

Tres-Or Pursues Civil Suit Filed Against Secova Metals Corp.

Tres-Or Resources Ltd. (TSXV: TRS) (OTC Pink: TRSFF) ("Tres-Or" or the "Company") reports that it intends to aggressively pursue its civil claim against Secova Metals Corp. ("Secova") in the amount of $199,875 plus interest (the "Claim") filed with the Supreme Court of British Columbia on January 5, 2022 as Secova has failed to respond to any initiatives by the Company to resolve the matter. The Claim arose as a result of Secova's failure to repay certain expenditures incurred by the Company on behalf of Secova pursuant to an Amended and Restated Option Agreement between the parties.

On behalf of the Board of Directors

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VIDEO — Chris Dessi: US$1.2 Trillion Diamond Market Ripe for Unlocking, Here's How to Do It

Chris Dessi: US$1.2 Trillion Diamond Market Ripe for Unlockingyoutu.be

The diamond market is worth an impressive US$1.2 trillion, but remains relatively untouched by investors.

Speaking to the Investing News Network (INN) at the recent Vancouver Resource Investment Conference (VRIC), Chris Dessi, chief revenue officer at Diamond Standard, explained how the company is looking to change that.

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FORT A LA CORNE JOINT VENTURE - SIGNIFICANT PROPORTIONS OF TYPE IIa DIAMONDS FROM STAR KIMBERLITE TRENCH CUTTER SAMPLING, LARGE STONES EXHIBIT HIGH DIAMOND PRICES

TSX: DIAM

Star Diamond Corporation ("Star Diamond or the Corporation") is pleased to announce that the Corporation has completed a study into the abundance of Type IIa diamonds in the Trench Cutter diamond parcels recovered from the Early Joli Fou ("EJF") geological units at the Star Kimberlite, as defined by the Star Diamond geological model. The Star Kimberlite is located within the Fort à la Corne diamond district of central Saskatchewan, Canada (which contains the Star - Orion South Diamond Project), on mineral dispositions held in a joint venture with Rio Tinto Exploration Canada Inc. ("Rio Tinto Canada"). During 2019, Rio Tinto Canada completed the drilling of ten bulk sample holes (trenches) on the Star Kimberlite using a Trench Cutter Sampling Rig. This study confirms that unusually high proportions of Type IIa diamonds are present in the Star Kimberlite. Of particular note is the exceptionally high proportion of Type IIa diamonds in the larger size fractions of the EJF of which 53 percent (8 of the 15) of the largest stones, 4 carats and above are Type IIa. This study also confirms and augments earlier studies conducted by Star Diamond of Type IIa diamonds at Star (26.5 percent, +11 DTC (0.32 carats) and above) (see News Releases dated June 09, 2010 March 4, 2019 and May 02, 2022 ). Type IIa diamonds are very rare and account for less than 2 percent of all natural rough diamonds mined from kimberlites. Many high-value, top colour, large specials (greater than 10.8 carats) are Type IIa diamonds, which include all ten of the largest known rough diamonds recovered worldwide.

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TSX and OTC: MPVD

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TSX: DIAM

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