400% oversupply the renewal of Mine - Diamonds

Lucara owned a 40% share of the AK6 kimberlite project (now the Karowe mine) in Botswana. In October 2010,
Lucara bought African Diamonds, giving it a 100% share in the mine. The mine has an estimated $US2.2 billion of diamonds. AK6 is in the Orapa/Letlhakane district.
Mothae diamond project in Lesotho: Kimberlite processing began in June 2010; a 53.5 carat diamond has already been discovered.
Kavango project in Namibia

Planned mines, and applications for mining licenses, in Zimbabwe, Cameroon, and Botswana.

Lucara Diamond Corp and Lucara Botswana (Proprietary) Limited (both "Lucara" respectively) are pleased to announce that the application for the renewal of Mining Licence No 2008/6L in respect of its AK06 (Karowe) Mine has been approved by Botswana's Minister of Mineral Resources, Green Technology and Energy Security. The renewal is effective January 4, 2021 for a period of 25 years, securing Lucara's mining rights to 2046 and marks a critical step in the formal sanction of the Karowe underground expansion project



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