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December 8, 2019

IMDEX buys Flexidrill for $40m

IMDEX’s recent acquisition of New Zealand-based Flexidrill featured in the Business News on 6th December 2019. Global mining-tech company IMDEX has exercised its option to acquire New Zealand-based Flexidrill, after gaining the option early last year, for a further payment of $NZ3 million cash. IMDEX had already paid $NZ10 million in both cash and IMDEX shares, and will pay a further $NZ27 million in share and royalty-related payments, based on milestones achieved and revenue generated from the acquired business. The company said the acquisition would strengthen its market position and expand its technology offering to its clients, which now included Flexidrill’s ‘Corevibe’ and ‘Maghammer’ drilling technologies. IMDEX […]
December 5, 2019

Paul House to become IMDEX Chief Executive Officer, effective 1 July 2020

Leading global Mining-Tech company, Imdex Limited, today announced that Mr Paul House will be appointed Chief Executive Officer (CEO), following Mr Bernie Ridgeway’s retirement on 1 July 2020. Mr Ridgeway, who commenced as Managing Director in 2000, announced his intention to retire on 19 August 2019. Since that time, IMDEX’s Board has undertaken an exhaustive search for the ideal CEO, considering internal and external candidates. Commenting on the appointment, IMDEX Chairman, Mr Anthony Wooles, said: “The selection process was extensive and rigorous. Our Board unanimously agree Paul House has the capabilities, attributes and energy, to continue to drive long-term sustainable earnings growth for our shareholders.” Mr House, […]
December 5, 2019

IMDEX expands technology offering with Flexidrill acquisition

New Drilling Productivity technologies deliver a step-change to the global minerals industry. Leading global mining-tech company IMDEX has exercised its option to acquire New Zealand-based Flexidrill in a deal that strengthens IMDEX’s market position and delivers advanced new drilling technology to clients. IMDEX obtained an exclusive option to acquire Flexidrill in January 2018, which enabled further development and extensive testing of its patent-protect technologies COREVIBE™ and MAGHAMMER™. These unique technologies will offer substantial drilling productivity benefits and improved safety for IMDEX clients globally. There is strong industry demand for greater productivity – from drilling contractors and resource companies – and […]
December 5, 2019

The sky is the limit: Bernie Ridgeway – CEO Magazine

Published by  CEO Magazine 17 October 2019 https://www.theceomagazine.com/executive-interviews/it-electronics/bernie-ridgeway/ With passion, commitment and the right vision, Imdex Managing Director Bernie Ridgeway believes anything is possible. Bernie Ridgeway isn’t afraid of hard work. Before he joined Imdex as Managing Director in 2000, the company was struggling. While many others might have walked away, he saw plenty of potential in the troubled business and had no doubt he could turn it around. “Imdex was generating revenue of approximately A$20 million per annum, it was losing money and had a market capitalisation of less than A$10 million. The company was listed on the ASX in 1987, so […]
December 1, 2019

Vince Connelly MP visited IMDEX’s Balcatta office

We were honoured to have Vince Connelly MP, Federal Representative for Stirling visit IMDEX’s Balcatta office. Bernie Ridgeway, Managing Director and Derek Loughlin, Global Business Development Director gave Vince Connelly MP an overview of IMDEX’s R&D capability and showcased the latest drilling optimisation technologies on offer. “I was incredibly impressed with your level of professionalism and innovation – which have clearly underpinned IMDEX’s success to date (and into the future),” said Vince Connelly MP.
November 27, 2019

REFLEX GYRO SPRINT-IQ™ surveys 10x faster and more accurately than traditional methods

The El Toqui Mining Project, operated by Laguna Gold, is located in the far south of Chile. Ground conditions and the presence of magnetic infastructure underground make a fast, gyro-based survey method critical for success.
November 27, 2019

The future of exploration

In the September issue of GeoDrilling International, Dr Michelle Carey, general manager – product development at IMDEX, discusses future challenges and the key disrupters, innovations and collaborations within the mineral exploration industry In my view the three greatest challenges for mineral explora­tion in the future are firstly the need to explore underground cover and at greater depths. The easy surface ore bodies have been found and resource compa­nies are mining their reserves faster than they are replacing them. Secondly, the changing skillsets for geologists as there will be an increasing need for data science and analysis, rather than ‘rock licking’. […]
November 25, 2019

Paul House to become IMDEX Chief Executive Officer, effective 1 July 2020

Leading global Mining-Tech company, Imdex Limited, today announced that Mr Paul House will be appointed Chief Executive Officer (CEO), following Mr Bernie Ridgeway’s retirement on 1 July 2020. Mr Ridgeway, who commenced as Managing Director in 2000, announced his intention to retire on 19 August 2019. Since that time, IMDEX’s Board has undertaken an exhaustive search for the ideal CEO, considering internal and external candidates. Commenting on the appointment, IMDEX Chairman, Mr Anthony Wooles, said: “The selection process was extensive and rigorous. Our Board unanimously agree Paul House has the capabilities, attributes and energy, to continue to drive long-term sustainable earnings growth for our shareholders.” Mr House, […]
November 22, 2019

IMDEX sponsors Austmine 30 year anniversary celebration event

We were very proud to sponsor the Austmine 30 year anniversary celebration event. As part of the celebration, Michelle Carey, General Manager – IMDEX Product Development, hosted a panel discussion on innovation and the importance of collaboration to ensuring the next 30 years are as successful as the first. Thank you to the Mining and METS companies who joined and contributed to an informative panel discussion: BHP Billiton, Roy Hill, Gekko Systems and RCT.