VANCOUVER, BC, Dec. 17,
2024 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm:
LUC)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to
announce the winning name for the epic 2,488 carat diamond,
recovered in August 2024, and for the
1,094 carat diamond, recovered in September
2024. The 2,488 carat diamond has been named Motswedi, which
in Setswana, the local language in Botswana, means a water spring or the flow of
underground water that emerges to the surface offering life and
vitality. View PDF
The 1,094 carat diamond has been named Seriti, which means aura
or presence in Setswana and has deep cultural significance related
to identity and legacy.
William Lamb, Lucara's President
and CEO, commented, "We are incredibly proud to announce the naming
of two extraordinary diamonds recovered from our Karowe Mine in
Botswana. The Motswedi, an epic
2,488 carat stone, and the Seriti, a remarkable 1,094-carat
diamond, represent pivotal moments in Lucara's commitment to
discovering and preserving extraordinary geological treasures.
These diamonds are not just geological phenomena; they are a
testament to the incredible potential of the Karowe Mine and
Lucara's innovative approach to diamond recovery. Each stone tells
a story millions of years in the making, and we are humbled to be
the custodians of these remarkable gems as they prepare to enter
the global market.
We look forward to the next stages of their journey, confident
that the Motswedi and Seriti will continue to inspire wonder and
admiration around the world."
On November 22, 2024, Lucara
Botswana opened the Legacy National Diamond Naming Competition to
all citizens and residents of Botswana, and over the following two weeks
more than 39,000 entries were received. The submitted names were
judged on creativity and originality, Botswana cultural significance, and relevance
to the diamonds themselves, and were evaluated through a series of
reviews by a panel of judges. Professor Thapelo Joseph Otlogetswe,
who is a distinguished Professor of Linguistics and Lexicography at
the University of Botswana, where
he also serves as the Deputy Dean of the Faculty, was involved in
the linguistics review of the submissions. The winning names were
announced at a gala event in Gaborone hosted by Lucara Botswana and in the
presence of the Honourable Minister Bogolo Kenewendo of the
Ministry of Minerals & Energy.
The winner of the 2,488 carat name, Motswedi, will receive a
100,000 Pula prize, and the winner of
the 1,094 carat name, Seriti, will receive a 50,000 Pula prize. Both winners will receive an
exclusive tour of the Karowe Mine.
The Company is considering sale options for both the Motswedi
and Seriti diamonds. Lucara is committed to ensuring that both
stones have a positive and enduring impact
for Botswana and is proud to have once again invited the
people of Botswana to choose the names of two historic
diamonds recovered at the Karowe Mine.
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. 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 is certified by the Responsible
Jewellery Council, complies with the Kimberley Process, and 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. This information
was submitted for publication, through the agency of the contact
person set out above, on December 17,
2024, at 1 p.m. Pacific
Time.
SOURCE Lucara Diamond Corp.
