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Imdex buys spectral mineralogy tech company

ASX-listed Imdex has made its first acquisition since the departure of 20-year veteran managing director Bernie Ridgeway, with the A$8.5 million purchase of New Zealand-based technology provider AusSpec International, which should give its clients “total rock knowledge”, according to CEO Paul House.

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House, previously Imdex's chief operating officer, said AusSpec's unique aiSIRIS (Artificial Intelligence Spectral InfraRed Interpretation System) platform delivered a key piece of the 'rock