VANCOUVER, BC, Sept. 11, 2024 /PRNewswire/ -- (TSX: LUC)
(BSE: LUC) (Nasdaq Stockholm: LUC) Please view PDF version
Lucara Diamond Corp. ("Lucara" or the "Company") announces the
publication of its 2023 Sustainability Report (the "Report"), which
details the Company's environmental, social, and governance efforts
for the year ended December 31,
2023.
Highlights include:
- Lost Time Injury Frequency Rate of 0.12.
- The opening of the Karowe Diamond Mine Clinic in 2023, which
offers comprehensive health services to employees and contractors,
including emergency response services, mental health services, and
preventative health care. In addition, first aid training was
offered to local communities.
- Zero reportable environmental incidents.
- The completion of the 132kV bulk power supply line, which
allows for the Karowe Underground Expansion Project ("UGP") to be
fully supplied with grid power from the national provider, Botswana
Power Corporation.
- Botswana national procurement
accounted for 67% of total procurement in 2023.
- The Company remains committed to addressing gender-based
violence in the Boteti area and continues to raise awareness about
the issue.
Lucara's 2023 Sustainability Report was prepared in alignment
with the Sustainability Accounting Standards Board Standards for
Metals and Mining (2023) and the recommendations of the Task Force
on Climate-related Financial Disclosures. This Report was also
prepared with reference to the United Nations Sustainable
Development Goals ("UN SDGs") and to the Global Reporting
Initiative. Lucara is a participant of the United Nations Global
Compact and is focused on 10 of the 17 UN SDGs.
Lucara has also published its annual report on taxes, royalties
and other government contributions made by the Company and its
subsidiaries for the 2023 financial year. This report is released
in line with Lucara's NASDAQ Stockholm reporting obligations and
Canada's Extractive Sector
Transparency Measures Act ("ESTMA") which was instituted to deter
corruption in the extractive sector.
Lucara's 2023 Sustainability Report and ESTMA Report are
available for download on the Company's website.
On behalf of the Board,
William Lamb
President and Chief Executive Officer
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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Diamond Mine
in Botswana. The Karowe Mine has
been in production since 2012 and is the focus of the Company's
operations and development activities. Clara Diamond Solutions
Limited Partnership ("Clara"), a wholly-owned subsidiary of Lucara,
has developed a secure, digital sales platform that ensures diamond
provenance from mine to finger. Lucara has an experienced board and
management team with extensive diamond development and operations
expertise. Lucara and its subsidiaries operate transparently and in
accordance with international best practices in the areas of
sustainability, health and safety, environment, and community
relations. Lucara is certified by the Responsible Jewellery
Council, complies with the Kimberley Process, and has adopted the
IFC Performance Standards and the World Bank Group's Environmental,
Health and Safety Guidelines for Mining (2007). Accordingly,
the development of the Karowe UGP adheres to the Equator
Principles. Lucara is committed to upholding high standards while
striving to deliver long-term economic benefits to Botswana and the communities in which the
Company operates.
The information is information that Lucara is obliged to make
public pursuant to the EU Market Abuse Regulation. This information
was submitted for publication, through the agency of the contact
person set out above, on September 11,
2024, at 2:00 p.m. Pacific
Time.
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
Certain of the statements made in this news release contain
certain "forward-looking information" and "forward-looking
statements" as defined in applicable securities laws. Generally,
any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance and often (but not
always) using forward-looking terminology such as "expects", "is
expected", "anticipates", "estimates", "intends", "potential", or
variations thereof or stating that certain actions, events,
conditions or results "may", "could", "would", "should", "might" or
"will" be taken, occur or be achieved, (or the negative of any of
these terms and similar expressions) are not statements of
historical fact and may be forward-looking statements.
Forward-looking information and statements are based on the
opinions and estimates of management as of the date such statements
are made, and by their nature involve assumptions, and are subject
to several known and unknown or inherent risks and uncertainties,
many of which are difficult to predict and are usually beyond the
control of management. These risks and uncertainties and other
factors may cause the actual results, performance or achievements
of the Company to be materially different from any future results,
performance or achievement expressed or implied by such
forward-looking statements and information. These statements speak
only as of the date of this news release.
The forward-looking information in this release and the report
are based on a number of assumptions that are inherently uncertain
and difficult to predict, including but not limited to expectations
and assumptions concerning: the Company's ability to achieve its
sustainability goals, strategy, plans, initiatives, and priorities;
the availability of clean energy sources; the availability of land
or other opportunities for conservation and rehabilitation;
capacity building, training and engagement with local communities
and the ability to obtain any required external approvals or
consensus for such opportunities; the Company's ability to achieve
its biodiversity goals and the longer term impacts of those goals
and strategies on Lucara's business; environmental compliance costs
generally; and assumptions regarding the development of the
business and general economic conditions.
Factors that may cause actual results to vary include, but are
not limited to actual climate change and biodiversity consequences;
adverse weather conditions; unanticipated events relating to health
safety and environmental matters; the potential impacts of economic
and geopolitical risks; unavailability of land or other
opportunities for conservation; rehabilitation or capacity building
on commercially reasonable terms, or the Company's inability to
obtain any required external approvals or consensus for such
opportunities; changes in laws and governmental regulations or
enforcement thereof that impact Lucara's operations or strategy; or
changes in commodity prices or general economic conditions. Readers
are cautioned that the foregoing list of important factors and
assumptions is not exhaustive. Other events or circumstances could
cause actual results to differ materially from those estimated or
projected and expressed in, or implied by, the forward-looking
statements.
Inherent in forward-looking statements are risks and
uncertainties beyond Lucara's ability to predict or
control. Further information concerning risks, assumptions and
uncertainties can be found under the heading "Risks and
Uncertainties" in the Company's most recent MD&A and Annual
Information Form available at SEDAR+ at www.sedarplus.ca.
The Company believes that the expectations reflected in this
forward-looking information are reasonable, but no assurance can be
given that these expectations will prove to be correct. Readers and
investors are thus cautioned not to place undue reliance on such
statements. Forward-looking information and statements contained in
this news release are made as of the date of this news release and
accordingly are subject to change after such date. Except as
required by law, the Company disclaims any obligation to revise any
forward-looking information and statements to reflect events or
circumstances after the date of such information and statements.
All forward-looking information and statements contained or
incorporated by reference in this news release are qualified by the
foregoing cautionary statements.
For further information, please contact: Vancouver: Hannah
Reynish, Investor Relations & Communications, +1 604 674
0272, info@lucaradiamond.com; Sweden: Robert
Eriksson, Investor Relations & Public Relations, +46 701
112 615, reriksson@rive6.ch; UK Public Relations: Charles Vivian / Jos Simson, Tavistock, +44 79 772 97903,
lucara@tavistock.co.uk
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