Lucara Diamond Corp, operators of Karowe Mine, has announced the positive results of a feasibility study to expand their operation underground.
This comes after the company embarked on a technical program to support a Feasibility Level Study for potential underground mining.
The program involved the completion of an updated mineral resource in which a total of US$21 million was spent.
The underground expansion is expected to double Karowe Mine’s lifespan to 2040, generating revenue of US$5.25 billion and US$1.22 billion cash flow.
Since 2012, the mine, which has produced 15 diamon...
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