Drillforce Secures 3YR Supply Agreement with Brightstar
| Stock | Aquirian Ltd (AQN.ASX) |
|---|---|
| Release Time | 16 Apr 2026, 8:17 a.m. |
| Price Sensitive | Yes |
Aquirian Secures 3-Year Supply Agreement with Brightstar
- Drillforce, Aquirian's 100% owned subsidiary, awarded 3-year supply agreement for drilling and energetics services at Brightstar's Lord Byron mine
- Agreement value estimated at $48 million in projected revenue
- Utilizes Aquirian's patented automated Collar KeeperĀ® systems and vertically integrated service offering
Aquirian Limited (ASX: AQN) has announced that its 100% owned subsidiary Drillforce WA Pty Ltd has been awarded an initial three-year agreement for the supply of all drilling and energetics services to ASX-listed Brightstar Resources Limited (ASX: BTR) for its Lord Byron open pit mine in Laverton, Western Australia. The agreement is part of a broader Strategic Framework Agreement (SFA) between Aquirian and Brightstar for the company's Goldfields Hub operations, with an initial five-year term plus extension options. The Lord Byron supply agreement is valued at approximately $48 million in projected revenue over the three-year period. Under the agreement, Drillforce will provide drilling and blasting services using Aquirian's patented automated Collar KeeperĀ® systems, as well as energetics supply and logistics, and related additional services. Aquirian owns around 75% of the required $6 million in assets, including two T45 drill rigs and site reload facility equipment, with the balance to be funded through cash and existing debt facilities. The partnership aligns with Brightstar's focus on whole-of-mine optimization, with Aquirian's technology-led, vertically integrated service offering expected to support improved productivity, cost efficiency, and consistent ore delivery.
Aquirian's Managing Director, Greg Patching, commented that the company is 'extremely pleased' to execute the SFA and Lord Byron supply agreement with Brightstar, which will deliver a unique technology package via Drillforce and showcase Aquirian's vertically integrated service capability.