Western Energetics Secures 3YR Supply Agreement
| Stock | Aquirian Ltd (AQN.ASX) |
|---|---|
| Release Time | 24 Jan 2025, 8:21 a.m. |
| Price Sensitive | Yes |
Aquirian Subsidiary Secures 3-Year Supply Deal
- $20 million agreement with Mt Ida gold mine
- 3-year contract term starting January 2025
- Provision of energetics and technology package
Aquirian Limited (ASX: AQN) has announced that its 100% owned subsidiary Western Energetics has been awarded a three-year agreement for the supply of an Energetics and Technology package to Aurenne Mt Ida Gold Pty Ltd (Mt Ida), for their project in Western Australia. The agreement is valued at approximately $20 million and will commence on 1st January 2025. Under the agreement, Western Energetics will provide a unique package of energetic products, initiating systems, and its innovative Collar Keeper drill technology to the Mt Ida gold mine. This tailored solution is designed to optimise blast outcomes, eliminate 'single use' plastics, reduce costs, and enhance efficiency for the customer. Managing Director Greg Patching commented that this partnership showcases Western Energetics' commitment to a customer-focused approach and its key role in delivering Aquirian's strategy across a growing customer base.