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Aquirian Limited (ASX:AQN)

ALERT: Price-sensitive ASX Announcement for AQN
Current share price for AQN : $0.380 0 (0%)+
Announcement
Release
13 Mar 2026 10:26AM
Price at Release
$0.380
Full Release
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Summary
Aquirian Limited, through its subsidiary Drillforce WA, has announced significant progress in its drill and blast services, highlighting its engagement in several client tenders and the acquisition of two new drill rigs. One rig features the Automated Collar Keeper® System, enhancing the company's operational capabilities. Despite deciding not to pursue a joint venture with Topgroup, which remains a strategic shareholder, Aquirian continues to leverage its patented drill technology, providing a differentiated service through Drillforce's unique offerings, including reusable and biodegradable Collar Keeper® products.
Key Points
  • Aquirian Limited provides an update on Drillforce WA's operational progress.
  • Drillforce is engaged in several client tenders with potential near-term opportunities.
  • The company has secured two new drill rigs, enhancing operational capabilities.
  • Automated Collar Keeper® System is integrated into one of the new drill rigs.
  • Aquirian's patented drill technology underpins Drillforce's value proposition.
  • A strategic review led to the decision not to proceed with a joint venture with Topgroup.
  • Topgroup remains a strategic shareholder despite not progressing with the joint venture.
  • Drillforce offers a unique service with reusable and biodegradable Collar Keeper® products.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.