Updated study puts Karowe expansion project capital cost at $683m

Canada-headquartered Lucara Diamond Corp has published the results of an updated feasibility study on the Karowe Underground Expansion Project (UGP), detailing an estimated preproduction capital cost for the UGP of $683-million. The Karowe UGP is also projected to generate $1.1-billion in cash flow, extend the overall Karowe mine life by 15 years and result in 6.8-million carats being recovered over the mine life.