Source: Mining Magazine
August 18, 2014
Patented drill core orientation technology is the chief attraction of an emerging Australian firm acquired by ASX-listed Imdex Ltd subsidiary, REFLEX Instruments.
REFLEX has confirmed the acquisition of 2iC Australia Pty Ltd, formed in 2000 by Andrew Beach and Gavin McLeod, for an undisclosed sum. “REFLEX has a well-established global support and distribution network which will significantly increase our ability to market existing tools such as our EZY-MARK, together with new technologies,” McLeod said this week.
Based in Perth, Western Australia, 2iC has extended its reach globally via distributors and service centres in Canada, Chile, Peru, South Africa, Tanzania, Ghana, Ireland, Russia, UK and Finland.
REFLEX chief executive Derek Loughlin said 2iC’s portfolio of products, and mechanical engineering expertise, complemented REFLEX’s drill-hole monitoring, reporting and analytical capabilities and technologies. The deal firmly positioned REFLEX as “the single provider of the most complete range of core orientation solutions, for mining and exploration, globally”, he said.
“2iC’s extensive patent portfolio provides an attractive opportunity for REFLEX and will fit well with our aggressive technology development profile.
“Our REFLEX ACT IV, due for release in 2015, is a good example of what can be achieved when the expertise of our two companies is combined.”