Aquirian Posts 16.7% Revenue Growth, Advances Wubin Facility and Technology
Aquirian Limited reports a 16.7% revenue increase alongside key operational advances at its Wubin facility and new leadership appointments, signaling strong momentum in mining services and technology.
- Revenue rises 16.7% to $8.4 million
- Wubin emulsion upgrade licence approved; development application underway
- First full down-hole service delivered by Western Energetics
- Automated Collar Keeper System production version completed for trials
- New General Manager – Commercial appointed to expand LATAM opportunities
Revenue Growth and Operational Advances
Aquirian Limited (ASX, AQN) has reported a solid 16.7% increase in revenue to $8.4 million for the quarter, reflecting growing demand across its mining services and technology divisions. This growth is underpinned by progress at the Wubin facility in Western Australia, where the company secured regulatory approval for an emulsion upgrade licence and is advancing its development application. These steps are critical to expanding Aquirian’s energetic supply capabilities and meeting rising customer needs.
Strategic Review and Service Expansion
The company is conducting a 90-day strategic review of the Wubin facility to explore opportunities to accelerate and maximise its potential. This review remains on schedule, with outcomes expected to be shared ahead of the upcoming AGM. Meanwhile, Western Energetics, Aquirian’s wholly owned subsidiary, has commenced its first full down-hole service using Mobile Process Units, marking a milestone in enhancing service offerings to local and regional mining operations.
Innovation in Blast Hole Technology
On the technology front, Aquirian has completed the production version of its Automated Collar Keeper® System, which is set to undergo trials shortly. This system allows operators to protect blast holes from fallback and re-drill without leaving the cab, advancing the company’s vision to improve safety and efficiency in drill and blast operations. Additionally, design work is underway for a larger 203mm manual Collar Keeper® System, responding to customer demand and broadening compatibility with major drill rig brands.
Leadership and Market Expansion
In a strategic move to bolster commercial growth, Aquirian has appointed Mark De Castro as General Manager – Commercial, effective November 2025. De Castro brings over 12 years of experience from Orica, including extensive work in Latin America, positioning the company to expand its technology partnerships and market reach in that region. This leadership addition aligns with Aquirian’s ambitions to leverage its innovative products and services on a global scale.
Steady Demand and Future Outlook
Demand for Aquirian’s energetics storage solutions, particularly through its Maglok® manufacturing capability, remains steady across mining and defence sectors. The FY2026 order book continues to grow, underscoring the reliability of its offerings. Meanwhile, the People Services division maintains strong demand for its drilling and blasting training programs, reinforcing the company’s comprehensive service portfolio.
Bottom Line?
With strategic reviews underway and technology trials imminent, Aquirian is poised for a pivotal phase of growth and innovation.
Questions in the middle?
- What will the strategic review reveal about the full potential of the Wubin facility?
- How will the Automated Collar Keeper® System trials impact operational adoption and safety standards?
- What new commercial opportunities will Mark De Castro unlock in Latin America?
