EBITDA for the period was $66.8 million and year to date was $95.3 million.

Net cash position of $122.7 million increased from $74 million at June 2015 following the Company’s first exceptional stone tender and regular tender during the quarter.

Year to date costs at $29.44 per tonne ore processed remain well controlled and marginally below forecast. Plant optimization costs and sustaining capital costs are within forecast.

Third quarter earnings per share of $0.12 (2014: $0.11 per share). Year to date earnings per share of $0.15 (2014: $0.17 per share).
Dividend: cumulative dividend of CND 4 cents per share to be paid to shareholders on Decembers 17, 2015

Tonnes processed post plant optimization commissioning improved during the quarter. Tonnes milled in the third quarter were 11% higher than the previous quarter with 100,651 carats recovered during the period.

Fourth quarter processing is expected to be focused on south lobe ore.

Exploration sampling advancing with first ore to be processed from BK02 during the fourth quarter.

William Lamb, president and chief executive officer commented "Karowe continued to deliver strong cash flows in Q3, underpinned by the sale of our large, high value diamonds and our disciplined approach to cost control and allocation of capital.

"Further, demand for our diamonds remains high and we anticipate continued, robust free cash flow to help deliver strong shareholder returns going forward. We have been pleased with the optimized plant performance through the quarter with production returning to design capacity levels.

"This is particularly important as production in the fourth quarter will focus on south lobe material. The commissioning of the bulk sample plant has resulted in us advancing on our exploration activities. We look forward to updating the market on these exciting developments"

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 assets include the Karowe Mine in Botswana, two Precious Stone Exploration Licenses in Botswana and the Mothae Project in Lesotho. The 100% owned Karowe Mine is in production. The 75% owned Mothae Project is currently being divested.