We have DIAMONDS2 Sep 2025 07:16
RNS When it came it came big.
Congratulations holders.
First diamond recoveries achieved using newly installed pulsating jig and Flowsort technology.
· Approximately 45 carats, comprising 89 stones, recovered from 100 tonnes of in-field screened material processed during the initial optimisation phase.
· Recovery rate approximately 3x higher than the Company's original recovery forecast
· With stone sizes averaging 0.5 carats, compared with the 0.4 carats typically recovered in the area, the Group expects to benefit from a premium generally commanded by larger stones. Consequently, the realised value per carat on sale is anticipated to be approximately $100 higher than the Group had previously expected.
· A substantial stockpile of diamond-bearing gravels, generated as a by-product of the Company's Whale Head Minerals ("WHM") heavy mineral sands ("HMS") investment, is now being processed.
· This stockpile is continually replenished through ongoing WHM operations and is expected to underpin regular future diamond sales.