Drillforce Operational Update
| Stock | Aquirian Ltd (AQN.ASX) |
|---|---|
| Release Time | 13 Mar 2026, 10:26 a.m. |
| Price Sensitive | Yes |
Drillforce Operational Update for Aquirian Ltd
- Drillforce, Aquirian's technology-led drill and blast services business, is engaged in several client tenders
- Aquirian has secured two new drill rigs, one adapted with the Automated Collar Keeper System
- Aquirian's patented drill technology and energetics underpin the Drillforce value proposition
Aquirian Limited (ASX: AQN) provides an update on the progress of its technology-led drill and blast services business, Drillforce WA ('Drillforce'), a wholly owned subsidiary and a key pillar of the Company's Full Potential strategy. Drillforce is currently engaged in several client tenders, and the Company looks forward to providing further updates as these near-term opportunities progress. Aquirian has secured two new drill rigs, one of which has been adapted to incorporate the Automated Collar KeeperĀ® System ('CKS'). Aquirian's patented drill technology and energetics underpin the Drillforce value proposition, enabling a fully integrated offering across the drill and blast value chain for customers. Following an internal strategic review and discussions with Topgroup, the parties have mutually agreed not to progress the drilling joint venture contemplated under the previously announced non-binding MOU. Topgroup has confirmed its ongoing commitment and support for Aquirian as a strategic shareholder. Managing Director Greg Patching commented that Drillforce is a strategic market-facing business for Aquirian, and the company's patented technology underpins the value proposition for clients, enabling the balance between fragmentation and ore preservation, which is critical for mine owners to optimise revenue, costs, and recovery.