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LUCARA DIAMOND CORP ANNOUNCES EXTENDED DIAMOND SALES AGREEMENT WITH HB

LUCARA DIAMOND CORP ANNOUNCES EXTENDED DIAMOND SALES AGREEMENT WITH HB

Lucara Announces 10-Year Extension on HB Antwerp Sales Agreement

Lucara Diamond has concluded and extension on their diamond sales agreement with Lucara Botswana, and HB Antwerp Antwerp Trading, with the intent of selling +10.8 carat rough diamonds produced from Lucara’s Karowe mine through December 31, 2032. The general terms of the deal are as follows: Lucara’s +10.8 carat production is sold at prices based on the estimated polished outcome of each diamond, determined through state-of-the-art scanning and planning technology, with a true up paid on actual achieved polished sales thereafter, less a fee and the cost of manufacturing.

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