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Overview

Lucara Diamond (TSX: LUC) is an independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Mine in Botswana and owns a 100% interest in Clara Diamond Solutions, digital sales platform positioned to modernize the existing diamond supply chain and ensure diamond provenance from mine to finger.

Clara

Clara Diamond Solutions Limited Partnership (Clara), wholly owned by Lucara Diamond Corp, is 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.

The information in this release is accurate at the time of distribution but may be superseded or qualified by subsequent news releases.

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 November 10, 2020 at 2:15pm Pacific Time.

www.lucaradiamond.com

Directors

Lukas Lundin (Chair & Co- Founder)
President of International Musto Exploration Ltd. On board of several listed Mining Co’s

Eira Thomas (President, CEO & Co-Founder)
25yrs+ mining experience. Ex VP Aber Resources ( Dominion Diamond Corp.), CEO Stornoway Diamond Corp. CEO Kaminak Gold Corporation. Co found Lucara in 2007.

Catherine McLeod-Seltzer (Dir & Co-Founder)
Involved in >$4bn corporate transactions  in past 25yrs inc. Arequipa Resources, Francisco Gold, Miramar Mining, Bear Creek Mining, Stornoway Diamonds & Peru Copper Inc.

Other Directors: Peter O’Callaghan, Paul Conibear, David Dicaire, Marie Inkster 

Financials

P&L31 Dec 2019
US$ ~000
31 Dec 2018
US$
Revenue192,541176,191
Operating expenses(77,697)(75,731)
Income from mining operations44,38351,436
Net income for the year12,71411,652
Balance Sheet31 Dec 2019
US$~000
31 Dec 2018
US$~000
Cash11,19724,355
Current Assets82,49784,084
Total Liabilities(109,096)(128,980)
Total Liabilities & Equity346,031370,895

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