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XRF Scientific Limited (ASX:XRF)

ALERT: Price-sensitive ASX Announcement for XRF
Current share price for XRF : $1.770 -0.48 (-21.33%)+
Announcement
Release
27 Jan 2026 5:20PM
Price at Release
$2.250
Full Release
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Summary
XRF Scientific Limited, an Australian company specializing in manufacturing equipment and chemicals for sample preparation, announced its plan to open a new international office in India. India, identified as a key long-term market, is expected to drive demand from various mining and industrial sectors. The company aims to capitalize on the growing trend in India towards lithium borate fusion sample preparation. The new office, expected to commence operations in February, will be led by Sanjay Mitra and initially employ five staff from its current distributor, San Global. This strategic move from a distributor model to a direct office is expected to enhance resources for growth and customer confidence in XRF’s commitment to the Indian market.
Key Points
  • XRF Scientific Limited to open a new office in India.
  • India identified as a key long-term growth market for XRF.
  • Increased demand expected from mining and industrial sectors.
  • Lithium borate fusion sample preparation gaining traction in India.
  • Operations to commence in February with Sanjay Mitra as Country Manager.
  • Transition from distributor model to direct office enhances growth potential.
  • Move expected to improve customer confidence in India's market.
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.