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Swick ready to test Orexplore market

Swick Mining Services is close to opening the doors to a new analytical services business – built around its Swedish-developed Orexplore rock X-ray technology – that CEO Kent Swick believes can one day dwarf its mainstay diamond-core drilling activities.

Richard Roberts

Mets Investor > Leadership

Swick ready to test Orexplore market

Swick Mining Services is close to opening the doors to a new analytical services business – built around its Swedish-developed Orexplore rock X-ray technology – that CEO Kent Swick believes can one day dwarf its mainstay diamond-core drilling activities.

Richard Roberts

Swick ready to test Orexplore market

Virtual core farm ... coming soon

The latter currently make Swick Mining (ASX: SWK) one of the world's largest mineral drilling companies, even with a fleet of 75 rigs at 25 sites and a current market value of only A$65 million. Swick said at the company's 2017 annual general meeting in Perth, Western Australia, the highly fragmented global drilling market had proven resistant to serious attempts at consolidation. But three analysis firms dominated the mineral assaying market. They are currently worth a combined US$33.41 billion.