IMDEX Limited (ASX:IMD) is a mining services company with solid leverage to gold exploration and development activity. The key attraction for us is the strong IP within the business. Incoming Chief Executive Officer, Paul House shares the exciting pipeline of new technologies.
In our second video, we welcome Paul back to share how IMDEX technologies enable successful cost-effective mining operations. Resources companies are embracing innovation and new technologies to lower cost, increase safety and achieve greater productivity.
In the new technologies arena is COREVIBE – a high frequency energy pulse assisted drilling, with an impressive 30 per cent increase in productivity. Today there are around 1,800 coring rigs that could adopt this technology.
Paul also covers MAGHAMMER and Blast DOG – an exciting co-development project with Orica – the world’s largest provider of commercial explosives.
“It’s about drilling faster and smarter and knowing your rocks in real-time. Corevibe generates a fluid generated pulse that aims to improve the rate of penetration during drilling, it does this by creating a 60 Hz per second sinusoidal pulse that helps crack the rock and improve the drilling rate of penetration.”
The Montgomery Small Companies Fund owns shares in Imdex. This video was prepared 11 December with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Imdex you should seek financial advice.