TECHNOLOGY

It's the vibe for Imdex

Deal been nearly two years in the making.

Imdex has completed its acquisition of Flexidrill.

Imdex has completed its acquisition of Flexidrill.

The company entered into an exclusive option agreement to acquire Flexidrill in 2018.

Corevibe uses high frequency energy pulse assisted drilling for wireline coring.

It is expected to provide a significant advance in core drilling productivity.

According to Imdex it can deliver significant client benefits including penetration rates up to 90% higher in hard rock; no increase in hole deviation; fewer inner tube blockages and associated tripping; and optimised drill bit life.

Maghammer uses a hybrid drilling technique that combines rotary diamond drilling with fluid-driven percussive drilling to achieve higher penetration rates compared with conventional coring.

The technology enables an entire drill hole to be completed with a coring rig where reverse circulation and diamond drilling is required.

The first iteration of Maghammer will be targeting high speed pre-collar drilling through barren rock to the coring zone.

Imdex managing director Bernie Ridgeway said Flexidrill was an excellent strategic fit.

"We are confident these new technologies will provide substantial benefit to our clients within the minerals industry and significant revenue and earnings for Imdex," he said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production