Inactive Instrument

Swick Mining Services Limited

Equities

SWK

AU000000SWK8

Swick Mining Services Limited Announces Short-Term Extension to Two Drilling Services Contracts

October 02, 2018 at 04:13 am IST

Swick Mining Services Limited announced to advise a short-term extension to two drilling services contracts. Swick has two drilling services contracts with Newmont Mining Services Pty Ltd. and Kalgoorlie Consolidated Mines Pty Ltd. for providing underground diamond drilling services at the Tanami Gold Mine (currently 9 rigs) and Mt Charlotte Mine respectively. These contracts were due to conclude on 30 September 2018 however they have been extended for a further three months to enable Newmont and KCGM to complete a market assessment for drilling services.

Latest news about Swick Mining Services Limited

Swick Mining Services Limited Announces Board Changes	16/22/16	CI
Swick Mining Services Limited's Equity Buyback announced on May 4, 2021, has expired.	16/22/16	CI
DDH1 Limited completed the acquisition of Drilling business of Swick Mining Services Limited from Swick Mining Services Limited.	16/22/16	CI
Swick Mining Services Limited Provides Earnings Guidance for the Fiscal Year 2022	31/22/31	CI
Orexplore Technologies Plunges 48% in ASX Debut	21/22/21	MT
Swick Mining Services Limited completed the Spin-Off of Orexplore Technologies Limited.	21/22/21	CI
Swick Mining Services Completes Distribution of Orexplore Technologies Shares to Company Shareholders	07/22/07	MT
Transcript : Orexplore Technologies Limited, Swick Mining Services Limited - Special Call	10/21/10
DDH1 : Seals Deal to Acquire Swick Mining Services via Scheme of Arrangement	22/21/22	MT
Transcript : DDH1 Limited, Swick Mining Services Limited - M&A Call	22/21/22
DDH1 Limited reached a non-bonding agreement to acquire Drilling business of Swick Mining Services Limited for AUD 97.7 million.	12/21/12	CI
Transcript : Swick Mining Services Limited, 2021 Earnings Call, Aug 30, 2021	30/21/30
Tranche Update on Swick Mining Services Limited's Equity Buyback Plan announced on May 4, 2021.	30/21/30	CI
Swick Mining Services Limited Announces Distribution for the Six Months Ended June 30, 2021 Payable on October 22, 2021	30/21/30	CI
Swick Mining Services Limited Announces Unaudited Earnings Results for the Fiscal Year 2021	26/21/26	CI
Swick Mining Services Limited Increases Final Dividend for the Fiscal 2021	26/21/26	CI
Swick Mining Services Limited announces an Equity Buyback for 28,174,062 shares, representing 10% of its issued share capital.	04/21/04	CI
Swick Mining Services Limited authorizes a Buyback Plan.	03/21/03	CI
Tranche Update on Swick Mining Services Limited's Equity Buyback Plan announced on April 7, 2020.	27/21/27	CI
Swick Mining Services Limited's Equity Buyback announced on April 7, 2020 has closed with 23,145,082 shares, representing 7.73% for AUD 3.54 million.	27/21/27	CI
Transcript : Swick Mining Services Limited, H1 2021 Earnings Call, Feb 26, 2021	26/21/26
Tranche Update on Swick Mining Services Limited's Equity Buyback Plan announced on April 7, 2020.	26/21/26	CI
Swick Mining Services Limited Announces Ordinary Franked Dividend for the Six Months Ended December 31, 2020, Payable on April 16, 2021	26/21/26	CI
Swick Mining Services : Postpones Demerger of Mineral Technology Arm to 2022; Shares Slump 19%	05/21/05	MT
Swick Mining Services Limited Announces Executive Changes	05/21/05	CI

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Company Profile

Swick Mining Services Limited provides underground mineral drilling, mineral analysis services, and underground mobile drilling equipment. The Company has a reputation for innovation in rig design and drilling practices. The Company involves two projects for underground mining market includes Gen3 E-Rig and Remote Control Drilling. The Company's Gen3 E-Rig is the diamond drill rig that remove all diesel power and a large portion of the hydraulic components on the Swick GenII drill rig. The Gen3 E-Rig involves a battery capacity allowing for electric tramming which enables DC electric motor technology to power the drilling components. The Company's Remote Control Drilling (RCD) system that allow drillers to operate rigs remotely through video linked controls from surface effectively allowing up to 24 hours a day of productive time.

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