Firestone Diamonds plc announced operation results for the second quarter of 2012. For the quarter, the company reported total of 45,773 carats were sold at the tender, which realized gross revenues of $4.14 million or $91 per carat. This price is significantly higher than the $71 per carat achieved during the previous quarter. The tender included three large stones with an aggregate size of 138 carats as well as numerous fancy yellow diamonds with an aggregate size of circa 500 carats. 152,422 tonnes were treated through the Pilot Plant during second quarter of, 2012. This is approximately 9% above forecast and is expected to increase further following the completion of the latest plant modifications. The secondary scrubber has been removed and replaced by a 4.2 meters double deck screen. Commissioning of this new screen feed arrangement, surge bins and pan feeders are now completed and the Plant is nearing steady state of circa 2,000 tonnes per day. 49,240 carats were recovered during the quarter, 9% below budget. A grade of 32.3 carats per hundred tonnes was achieved, 16% below target due to continued mining of the lower grade K2 ore to allow for the higher grade K5 ore to be mined and processed through the newly modified plant. The company announced the appointment of Julian Treger and Mike Wittet as non-executive members to the Board of Directors effective 24 July 2012. Julian Treger has almost 30 years of experience in capital markets and corporate transformation, which will assist the future development of Firestone. Julian is a partner in Audley Capital Advisors LLP, which is an advisor to the Audley European Opportunities Master Fund, a significant shareholder in Firestone. Mike Wittet has over 40 years experience in mining, the majority of which were spent in the diamond industry. His career includes various senior positions in the industry including General Manager of Jwaneng, Orapa and Namdeb diamond mines, Consulting Engineer in charge of De Beers SA and Deputy Managing Director of Debswana Diamond Company (Pty) Ltd.