PETRA DIAMONDS LIMITED (PDL) — Q1 FY 2025 Operating Update

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the PETRA DIAMONDS LIMITED investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time by the Q and A tab situated in the right hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question received during the meeting itself. Have the company come review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to CEO, Richard Duffy. Good afternoon to you, sir. Hello, everybody, and thank you for joining us today for a discussion on our first quarter operating update for financial year 2025 as well as the final sales results for our tender one and two cycles. I have with me Johan Sneeman, CFO, who will take you through the financials. After taking you through this announcement, we'll open up for Q and A. This will be at the end of the presentation. If we could move to the next slide, please. I will start with safety. And as you can see, we had a regrettable increase in lost time injuries during the period, resulting in our lost time injury frequency rate increasing to 0.28 from 0.13 in the last quarter of financial year twenty twenty four, which is unacceptable. Safety is our number one priority, we continue to focus on delivering a zero harm workplace. We have reviewed our practices and implemented a number of behavior based interventions aimed at improving our health and safety performance. Turning to our operations, in terms of production we saw a 7% increase from six and thirty seven thousand carats in the previous quarter to 680,000 carats th...