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Stock Market & Financial Investment News

News Breaks
February 24, 2014
05:32 EDTLUCLucara approves semi-annual dividend of 2c per share
Lucara announced that its board has approved a dividend policy providing for the payment of semi-annual dividends. The board has also approved the issuance, from time to time, of a special dividend based on revenues generated from Exceptional Stone Tenders, subject to the company's overall financial position and other factors existing at the time under consideration. The board intends to declare in May its first semi-annual dividend of 2c per share for payment in June. Lucara also announced its first Exceptional Stone Tender of 2014 to take place on April 10.
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September 15, 2014
17:33 EDTLUCLucara awarded two precious stone prospecting licenses in Prapa District
Lucara Diamond announced that the Republic of Botswana through the Ministry of Minerals, Energy and Water Resources has granted Lucara two precious stone prospecting licenses within the Orapa Kimberlite Field in close proximity to the Karowe Diamond Mine. Both prospecting license areas host known diamondiferous kimberlites. Block A or the BK2 license is 1.07 km2 in area and located approximately 30 km to the east of Lucara's Karowe Diamond Mine. The BK2 kimberlite has a surface area of approximately 2.4ha and is exposed at surface in a series of narrow trenches. BK2 was discovered in 1967 and has seen episodic exploration with programs ranging from surface trenching, drilling, and microdiamond sampling. Insufficient drilling has been completed to properly outline the size of the intrusion and establish the internal geology. Previous operators conducted microdiamond sampling on drill chips and surface trench material. A sample of fresh magmatic kimberlite from drilling returned a total of 800 microdiamonds from a 134.4 kilogram sample. A total of 6 diamonds were greater than 0.850mm in size. The previous operator concluded that many of the microdiamonds were fragments of a larger diamond that was likely broken during sampling. Lucara plans to conduct a full site assessment and locate areas amenable for the extraction of a large volume of kimberlite for diamond content and size distribution analysis.

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