Asia
Aquirian Completes Commercial Deliveries to Zambia, Congo; Advances New Distribution Channels; Shares Down 4%
Aquirian (ASX:AQN) said it has completed three commercial deliveries of Collar Keeper products into its regional distribution partner for Zambia and the Democratic Republic of Congo, according to a Monday Australian bourse filing.The company said negotiations for a new distribution channel across Chile and Peru are nearing completion, with initial orders anticipated, while a broader Southern Africa regional distribution partnership is well advanced.The Manual Collar Keeper System is now available on three original equipment manufacturer rigs, including Epiroc, Sandvik, and Hyundai Everdigm, while the biodegradable Collar Keeper has received its first small-scale commercial order from a long-term client in the Pilbara, with delivery and field deployment expected in the coming weeks, the company added.The Automated Collar Keeper System has been fitted to the first Drillforce WA T45 drill rig, the first of three to be fitted with automated in-cab operation for the Brightstar Resources' (ASX:BTR) Lord Byron project in Western Australia, which is expected to commence in September and represents the first project delivered under the strategic framework agreement, per the filing.Aquirian's shares fell past 4% in recent Monday trade, while Brightstar Resources' shares shed 2%.
ASX:AQNASX:BTR