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Tag: DDH1 Drilling

DDH1 - drilling at Gunpowder

Drilling business DDH1 launches $150m IPO

Written by dev on . Posted in All News, Exploration.

Australian drilling firm DDH1 Group has launched a $150 million initial public offering valuing the company at $376.5 million.

The group comprises the three brands DDH1 Drilling, Strike Drilling and Ranger Drilling.

Founded in 2006, it operates a fleet of 96 mineral drilling rigs to support drilling programs throughout Australia.

The prospectus indicates the business is expected to deliver $280 million of revenue and $69.3 million EBITDA this financial year.

In that document, chairperson Diane Smith-Gander highlighted the continued growth in the. . .

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DDH1 - drilling at Gunpowder

Call to rethink ‘rigid’ border restrictions

Written by dev on . Posted in All News, Exploration, Gold.

A Brisbane-based drilling company head is calling for greater flexibility in Queensland quarantine rules as workers face growing mental stress and the window for completing northern exploration programs draws nearer to closing.

DDH1 Drilling general manager – east Russell Chard believes his crew members present a very low risk of spreading COVID-19 as they are predominantly travelling between the regional centres where they live and very controlled work sites that are usually in isolated areas.

He is frustrated that his company has been unable to secure exemptions for the key workers needed to keep rigs running and is seeing. . .

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