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The latest announcement is out from Aquirian Limited ( (AU:AQN) ).
Aquirian Limited’s subsidiary, TBS Mining Solutions, has signed a binding term sheet with Papyrus Australia Limited to manufacture biodegradable Collar Keeper® products. This agreement, valued at approximately $4.2 million over three years, aims to enhance blast preparation efficiency and sustainability in mining operations by eliminating plastic waste. The manufacturing will occur at Papyrus’s facility in Adelaide, expected to be operational by Q4 FY26. This development aligns with Aquirian’s commitment to sustainable innovation and positions the company as a leader in responsible blasthole quality management.
The most recent analyst rating on (AU:AQN) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Aquirian Limited stock, see the AU:AQN Stock Forecast page.
More about Aquirian Limited
Aquirian Limited is a mining services company that provides advanced drill and blast solutions globally. The company focuses on optimizing blast hole outcomes, reducing costs, and enhancing production efficiencies with a strong emphasis on environmental performance. Its subsidiary, TBS Mining Solutions, offers tailored solutions and equipment, including the patented Collar Keeper® Product and System.
Average Trading Volume: 130,376
Technical Sentiment Signal: Buy
Current Market Cap: A$34.99M
For a thorough assessment of AQN stock, go to TipRanks’ Stock Analysis page.