Lucara Diamond Corp. (Lucara) is a diamond development company focused in Africa. The Company’s business consists of the acquisition and exploration of diamond exploration and development properties. The principal assets of Lucara and the focus of Lucara’s development and exploration activities are its interest in diamond mining, exploration and licenses in Lesotho, Botswana, Namibia and Democratic Republic of Congo. The Company’s projects include Mothae Diamond Project, Kavango Project and Lufupa Project. On July 3, 2009, the Company completed the acquisition of Motapa Diamonds Inc. (Motapa). On November 10, 2009, the Company, through a newly created indirect wholly owned subsidiary Boteti Diamond Holdings Inc (Boteti Diamond), entered into an agreement to purchase a 70.268% interest in the AK6 project from De Beers Prospecting Botswana (Pty) Limited (De Beers).