Mr. William Lamb (Pic By www.nasdaqomxnordic.com)

Lucara Diamond said approval has been received from the Botswana Department of Environmental Affairs (DEA) for the extraction of samples from the BK02 kimberlite.

The company was awarded two high-potential exploration licences in 2014. These licences host at least three known diamondiferous kimberlites, BK02, AK11 and AK12.

Up to now, a bulk sample plant has been constructed and commissioned and it is expected that exploration sample processing will commence during November 2015 with initial results being achieved before the end of the year.

“Contracts for the extraction and transport of the 5,000 tonne sample are in place and it is expected that the earth moving equipment will be mobilized to the BK02 kimberlite within the next two weeks. Initial work will involve overburden removal and trenching to determine the optimal sample areas prior to sample extraction,” Lucara said.

Applications are in progress for the material extraction from the AK11 and AK12 kimberlites along with the required permits to allow drilling on the respective sites.

“The receipt of the permits is a positive step forward in our resource extension campaign. We are excited about the prospects of these licenses based on the historical work which had previously been conducted on the property,” added William Lamb, President and CEO.

Lucara is a well positioned diamond producer. The Company has an experienced board and management team with extensive diamond development and operations expertise. The Company’s two assets are the Karowe Mine in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is in production. The 75% owned Mothae Project has completed its trial mining program.