Aquirian Locks in $48M Drilling Contract With Path to Two More Gold Mine Sites
Aquirian's Drillforce WA subsidiary has secured a $48 million, three-year drilling contract with Brightstar Resources for the Lord Byron gold mine, underpinned by a Strategic Framework Agreement covering three Goldfields Hub sites with significant expansion potential.
Key Takeaways
- Aquirian's wholly owned subsidiary Drillforce WA has been awarded a $48 million, three-year drilling and energetics supply agreement with Brightstar Resources for the Lord Byron open pit gold mine in Laverton, Western Australia, commencing 1 September 2026.
- The agreement sits within a broader Strategic Framework Agreement covering Brightstar's entire Goldfields Hub, which includes two additional sites — Cork Tree Well and Lady Shenton — representing potential for the total contract value to expand well beyond the initial $48 million commitment.
- Aquirian already owns approximately 75% of the $6 million in assets required to service the contract, meaning incremental capital expenditure is minimal relative to the projected revenue opportunity.
- This is Aquirian's second long-term technology-led mining services agreement, following the Mt Ida Gold contract secured in January 2025, establishing a repeatable pattern of converting proprietary Collar Keeper technology into multi-year revenue commitments.
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