Lucara Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Jun 13, 2016) - Lucara Diamond Corp.("Lucara" or the "Company") (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC), is pleased to announce successful results from the mini bulk sample program on the BK02 kimberlite located 30 kilometres east of the Karowe Mine as well as an update on additional exploration programs underway.
 
A total of 274.33 carats were recovered from the processing of 5,916 tonnes of BK02 for a sample grade of 4.6 cpht (carats per hundred tonne). The largest diamond recovered was a 5.48 carat brownish octahedron (see attached photo). In addition, a total of 24 stones were recovered greater than 1 carat in weight including 3 diamonds in excess of 2 carats.
 
Sample results confirm that the BK02 kimberlite has a coarse size distribution similar to that observed at Lucara's Karowe Mine (see attached chart). A limited drill programme is planned for BK02 to better delineate the kimberlite, define internal geology and collect material for microdiamond analyses.
Published: 13 June 2016
Written by Editor
TSX   Drill Results  
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Lucara Sells Its 813 Carat Diamond for US$63 Million, the Highest Price Ever Achieved for the Sale of a Rough Diamond

VANCOUVER, BRITISH COLUMBIA--(May 9, 2016) - (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC), Lucara Diamond Corp.("Lucara" or the "Company"), is pleased to announce that the exceptional 812.77 carat, Type IIa diamond recovered from the Karowe mine in Botswana in November 2015 (see news release dated November 19, 2015), has been sold for US$63,111,111 (US$77,649 per carat). As part of the sale, Lucara has partnered with Nemesis International DMCC, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds.

Published: 09 May 2016
Written by Editor
Mining   Up on News   TSXV  
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Lucara Reports Strong Demand and Pricing for Its First Quarter Diamond Sale and Commences the Sales Process for the Lesedi La Rona Diamond

VANCOUVER, BRITISH COLUMBIA--(May 3, 2016) - Lucara Diamond Corp. (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") reports strong first quarter 2016 revenues of $50.6 million or $649 per carat and cash of $144.3 million (all dollar amounts are in US Dollars unless otherwise indicated).
 
HIGHLIGHTS
Financial:
Revenue for the period was $50.6 million or $649 per carat (Q1 2015: $29.6 million or $278 per carat).
EBITDA for the period was $30.7 million (Q1 2015: $11.9 million), with an EBITDA margin of 61%.
Net cash position of $144.3 million (Q1 2015: $87.5 million, FY 2015: $134.8 million).
Year to date costs at $25 per tonne ore processed continue to be well controlled and below forecast.
First quarter 2016 earnings per share were $0.05 per share (Q1 2015: $0.02 per share).
Published: 04 May 2016
Written by Editor
Financial Results   Up on News  
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Kennady Diamonds Discovers Third Kimberlite at Faraday

Kelvin North Lobe Bulk Sampling at +300 tonnes
TORONTO, March 17, 2016  - Kennady Diamonds Inc. ("Kennady Diamonds", the "Company") (TSX-V:KDI.V - News) is pleased to announce that exploration drilling at the Kennady North project has resulted in the discovery of a third kimberlite body at the high-grade Faraday kimberlite cluster. Following the completion of ice-based infill drilling at the Faraday 1 kimberlite, the core rig was moved to a geophysical target approximately 80 meters to the southwest where indications of the presence of volcaniclastic kimberlite were discovered during the winter of 2015. Three exploration drill holes have been completed at the Faraday 3 discovery within the past week with the latest hole intersecting more than 55 meters of kimberlite.
Table 1 below summarizes the latest Faraday 3 drill results.
Published: 18 March 2016
Written by Editor
Mining   Up on News   TSXV   Drillults  
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Dominion Diamond Corporation Issues Statement

YELLOWKNIFE, Northwest Territories -- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) today issued the following statement in response to the Schedule 13D filed by a group of investors including The K2 Principal Fund, L.P. (the “Group”).

Dominion actively engages with its shareholders and other stakeholders and values constructive input towards the goal of enhancing shareholder value. The Group has requested a meeting with Dominion, and Dominion looks forward to an open dialogue.

The Company’s board and management team are committed to creating value for our stakeholders and we will continue to take actions to accomplish this goal and position the Company for future growth and success.

Published: 22 December 2015
Written by Editor
TSX   NYSE   Up on News  
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  2. Kennady Diamonds Inc ( KDI )
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  5. Kennady Diamonds Inc ( KDI )