July 2,
2024
NEWS
RELEASE
LUCARA ANNOUNCES
APPOINTMENT OF VICE PRESIDENT, MINERAL RESOURCES
VANCOUVER, July 2,
2024 /CNW/ (LUC - TSX, LUC - BSE, LUC - Nasdaq
Stockholm)
Lucara Diamond Corp.
("Lucara" or the "Company") is pleased to announce the appointment
of Dr. Lauren Freeman as Vice President, Mineral Resources,
effective July 1, 2024.
Dr. Freeman is a
specialist in large Type II diamonds and has over 25 years of
experience in the mining industry, with a strong background in
mineral resource estimation, diamond value management, diamond
pricing, geological modelling, and strategic mine planning. She has
held senior roles at several diamond mining and resource consulting
companies, where she led teams responsible for resource definition
and underground expansion projects. Dr. Freeman has a PhD in
Economic Geology and a GDE in Mining Engineering, both from the
University of the Witwatersrand, South Africa, and is a registered
Professional Natural Scientist with the South African
Council for Natural Scientific Professions.
William Lamb,
President and CEO of Lucara, commented on the appointment: "We are
delighted to welcome Lauren to the Lucara team. Her extensive
experience and technical expertise in mineral resource management
will be invaluable as we continue to optimize diamond recovery from
our Karowe mine and develop our mine and ore extraction plan for
our underground project. Lauren's leadership will be crucial in
maximising value from our resource base, while supporting our
long-term strategic objectives."
In her new role, Dr.
Freeman will oversee all aspects of mineral resource management for
Lucara's flagship Karowe mine in Botswana and will contribute to
the Company's overall development strategy.
On behalf of the
Board,
William
Lamb
President and Chief
Executive Officer
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ABOUT
LUCARA
Lucara is a leading
independent producer of large exceptional quality Type IIa diamonds
from its 100% owned Karowe Diamond Mine in Botswana. The Karowe
Mine has been in production since 2012 and is the focus of the
Company's operations and development activities. Clara Diamond
Solutions Limited Partnership ("Clara"), a wholly-owned subsidiary
of Lucara, has developed a secure, digital sales platform which
ensures diamond provenance from mine to finger. Lucara has an
experienced board and management team with extensive diamond
development and operations expertise. Lucara and its
subsidiaries operate transparently and in accordance with
international best practices in the areas of sustainability, health
and safety, environment, and community relations. Lucara has
adopted the IFC Performance Standards and the World Bank Group's
Environmental, Health and Safety Guidelines for Mining
(2007). Accordingly, the development of the Karowe
underground expansion project ("UGP") adheres to the Equator
Principles. Lucara is committed to upholding high standards while
striving to deliver long-term economic benefits to Botswana and the
communities in which the Company operates.
The information is
information that Lucara is obliged to make public pursuant to the
EU Market Abuse Regulation and the Swedish Securities Markets Act.
This information was submitted for publication, through the agency
of the contact person set out above, on July 2, 2024 at 4am Pacific
Time.
