Lucara Diamond Corp. · TSX:LUC
Lucara Diamond — Q1 2014 Earnings Presentation
7 slides from Lucara Diamond's earnings presentation, May 8, 2014
Slide 1: First Quarter 2014 Results
First Quarter 2014 Results May 8, 2014 TSX – LUC OMX – LUC BOTSWANA - LUC
Slide 2: Index
2 Index First Quarter Highlights 3 Karowe Operational Review 4 Karowe Financial Highlights 5 2014 Outlook 6 Plant Upgrade 7
Slide 3: 2014 First Quarter Highlights
3 2014 First Quarter Highlights Two diamond tenders completed during the quarter – Proceeds of $33.6 million were achieved during the quarter. Exceptional stone tender: Exceptional stone tender closed after quarter end for proceeds of $50m. Second large stone tender planned for early Q3. Operational
Slide 4: 2014 Operational Review - Karowe
4 2014 Operational Review - Karowe Production Information Q1 2014 Q1 2013 Ore processed (tonnes) 680,730 533,260 Ore mined (tonnes) 888,888 969,330 Waste mined (tonnes) 2,002,232 1,109,727 Plant feed grade (carats per hundred tonnes) 16.3 23.1 Carats recovered (carats) 111,037 123,228
Slide 5: 2014 Karowe Financial Highlights
5 2014 Karowe Financial Highlights USD millions Q1 2014 Actual Q1 2013 Actual Revenues 32.8 32.5 Royalty expenses 3.3 3.3 Operating expenses 12.7 12.5 Administration/sales and marketing 0.9 0.8 EBITDA 15.9 15.9 EBITDA margin (%) 48% 48% Operating Margin and Cost of Production (US$) Q1 2014 Actual Q1
Slide 6: 2014 Outlook
6 2014 Outlook Outlook 2014 Revenue (US$ million) 150 - 160 Sales (thousand carats) 400 - 420 Tonnes of ore processed (million tonnes) 2.2 - 2.4 Ore mined (million tonnes) 3 - 3.5 Waste mined (million tonnes) 10 - 11 Operating cash costs per tonne ore processed (dollars) $31 - $33 Plant upgrade capi
Slide 7: 2014 Plant Upgrade
7 2014 Plant Upgrade Project on track to achieve operational requirements Budget $45 - $50 million Long lead items ordered Mobilization occurred during the first quarter. Site preparation and civils are according to schedule