TIDM0QUI
RNS Number : 2913J
Lucara Diamond Corp
15 August 2023
August 14, 2023
NEWS RELEASE
LUCARA DIAMOND CORP. ANNOUNCES LEADERSHIP CHANGE
VANCOUVER, August 14, 2023 /CNW/ (LUC - TSX, LUC - BSE, LUC -
Nasdaq Stockholm)
Lucara Diamond Corp. announces the intention to appoint William
Lamb as the Company's President and Chief Executive Officer and a
director, replacing Ms. Eira Thomas.
Eira Thomas co-founded Lucara in 2007, with partners Lukas
Lundin and Catherine McLeod-Seltzer. Ms. Thomas took on the role of
President and Chief Executive Officer of the Company in 2018. Ms.
Thomas has been integral to the development and success of the
Company's 100% owned Karowe Diamond Mine, which is the world's
leading source of large exceptional quality Type IIa diamonds.
The Board would like to acknowledge the special contributions
that Eira has made over her many years of involvement with Lucara
in her capacity as a director, and specifically over the last five
years as CEO. As CEO, Ms. Thomas introduced an innovative diamond
sales strategy for Lucara's production of rough stones greater than
10.8+ carats though Lucara's agreement with HB Antwerp, generating
regular revenues on superior pricing terms. Ms. Thomas also led the
commercialization of Clara, a secure, digital diamond sales
platform. More recently under Ms. Thomas's leadership, the Karowe
Mine achieved peak operational performance and she and her team
arranged for a senior secured project financing debt package of
$220 million enabling the underground expansion to advance.
William Lamb has over 25 years' experience in mining project
development and operations. William served as Chief Executive
Officer of Lucara Diamond Corp. from May 2011 to February 2018. He
also has prior diamond and other mining company expertise gained
through projects, process engineering and operations with De Beers,
as well as serving on several public mining company boards. During
his original tenure at Lucara, William was responsible for the
highly successful construction of the original Karowe mine and its
facilities. William's prior experience is ideally suited to
advancing the Company's key underground project to a successful
completion.
Paul Conibear, Chair of Lucara's board of directors stated, "On
behalf of Lucara's Board of Directors, I would like to thank Eira
for her leadership and the integral role she has played in the
success of the Karowe Diamond Mine. Eira's commitment, excellent
team leadership skills, focus on operational excellence and her
ability to see how innovation and technology can be harnessed to
strengthen our Company have been invaluable. Lucara has also
benefited from the deep ties Eira has made with the communities in
which we operate and our stakeholders through her hard work and
foresight."
Adam Lundin stated, "We are very grateful for Eira's tremendous
contribution to Lucara since its founding. She has laid the
groundwork for further value add at the Karowe Diamond Mine, for
the benefit of all Lucara's stakeholders. We look forward to
working with Eira on exploring options to maximize the value of
Clara for all stakeholders. We are very pleased to have William
rejoin us and successfully lead the company once again."
Follow Lucara Diamond on Facebook , Twitter , Instagram , and
LinkedIn
For further information, please contact:
Hannah Reynish Investor Relations & Communications
+1 604 674 0272| info@lucaradiamond.com
Sweden Robert Eriksson, Investor Relations & Public
Relations
+46 701 112615 | reriksson@rive6.ch
UK Public Relations Charles Vivian / Jos Simson, Tavistock
+44 778 855 4035 | lucara@tavistock.co.uk
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 that uses proprietary analytics together
with cloud and blockchain technologies to modernize the existing
diamond supply chain, driving efficiencies, unlocking value and
ensuring 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 August 14, 2023 at 2:30pm Pacific Time.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made and contained herein and
elsewhere constitute forward-looking statements as defined in
applicable securities laws. Generally, these forward-looking
statements can be identified by the use of forward-looking
terminology such as "expects", "anticipates", "believes",
"intends", "estimates", "potential", "possible" and similar
expressions, or statements that events, conditions or results
"will", "may", "could" or "should" occur or be achieved.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made,
and they are subject to a number of known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially
different from any future results, performance or achievement
expressed or implied by such forward-looking statements. The
Company believes that expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be accurate and such
forward-looking information included herein should not be unduly
relied upon.
In particular, forward-looking information and forward-looking
statements may include, but are not limited to, statements
regarding the development of the Karowe Underground Project, its
life of mine and projected revenues.
There can be no assurance that such forward looking statements
will prove to be accurate, as the Company's results and future
events could differ materially from those anticipated in this
forward-looking information as a result of those factors discussed
in or referred to under the heading "Risks and Uncertainties" in
the Company's most recent Annual Information Form, both available
at http://www.sedar.com, as well as changes in general business and
economic conditions, the ability to continue as a going concern,
changes in interest and foreign currency rates, changes in
inflation, the supply and demand for, deliveries of and the level
and volatility of prices of rough diamonds, costs of power and
diesel, impacts of potential disruptions to supply chains, acts of
foreign governments and the outcome of legal proceedings,
inaccurate geological and recoverability assumptions (including
with respect to the size, grade and recoverability of mineral
reserves and resources), and unanticipated operational difficulties
(including failure of plant, equipment or processes to operate in
accordance with specifications or expectations, cost escalations,
unavailability of materials and equipment, government action or
delays in the receipt of government approvals, industrial
disturbances or other job actions, adverse weather conditions, and
unanticipated events relating to health safety and environmental
matters).
Accordingly, readers are cautioned not to place undue reliance
on these forward-looking statements which speak only as of the date
the statements were made, and the Company does not assume any
obligations to update or revise them to reflect new events or
circumstances, except as required by law.
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END
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