• Largest independent Energetics storage & manufacturing facility in Western Australia
• Cutting-edge Collar Keeper® System revolutionising Drill & Blast efficiency
• Scalable, high-capacity Wubin Hub with clear pathway to material revenue growth

Aquirian Ltd, a leading provider of mining solutions, is pleased to announce a capital raise to fund the growth of its Western Energetics business, accelerate the commercialisation of its innovative Collar Keeper® System, and support general working capital. The company's Wubin Hub, the largest independent Energetics storage and manufacturing facility in Western Australia, is strategically positioned to capture the significant growth opportunity in the market, driven by strong customer demand and Aquirian's unique service and product offerings. The Collar Keeper® System, a patented and highly efficient solution for improving drill and blast outcomes, is gaining traction in the industry and will be a key focus for the company. Aquirian's integrated and scalable offerings, covering the entire blast-hole lifecycle, position the company to deliver sustainable earnings growth and create value for shareholders. The capital raise will strengthen Aquirian's competitive position and support its vision of providing future-focused solutions and services to mining customers globally.

The company is targeting revenue of approximately $40-60 million and EBITDA margins of 12-16% over the next 3 years from the Wubin Hub acquisition and plant re-start in July 2024.

Aquirian is well-positioned to drive long-term value for shareholders through accelerating product innovation, scaling to meet increasing demand, and forging strategic partnerships to lead in the evolving Energetics and mining technology landscape.