IMDEX a true innovator – how is technology leading growth?

IMDEX a true innovator – how is technology leading growth?

IMDEX Limited (ASX:IMD) is a mining services company with solid leverage to gold exploration and development activity. The key attraction for us is the strong IP within the business. Incoming Chief Executive Officer, Paul House shares the exciting pipeline of new technologies.

In our second video, we welcome Paul back to share how IMDEX technologies enable successful cost-effective mining operations. Resources companies are embracing innovation and new technologies to lower cost, increase safety and achieve greater productivity.

In the new technologies arena is COREVIBE – a high frequency energy pulse assisted drilling, with an impressive 30 per cent increase in productivity. Today there are around 1,800 coring rigs that could adopt this technology.

Paul also covers MAGHAMMER and Blast DOG – an exciting co-development project with Orica – the world’s largest provider of commercial explosives.

“It’s about drilling faster and smarter and knowing your rocks in real-time. Corevibe generates a fluid generated pulse that aims to improve the rate of penetration during drilling, it does this by creating a 60 Hz per second sinusoidal pulse that helps crack the rock and improve the drilling rate of penetration.”

The Montgomery Small Companies Fund owns shares in Imdex. This video was prepared 11  December with the information we have today, and our view may change. It does not constitute formal advice or professional investment advice. If you wish to trade Imdex you should seek financial advice.

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Gary Rollo is the Portfolio Manager of the Montgomery Small Companies Fund. Gary joined Montgomery in August 2019 after spending three years at MHOR Asset Management in Sydney as a Founder and Portfolio Manager. Prior to this, Gary was a Portfolio Manager at Renaissance Asset Manager in Sydney for six years. Before moving to Australia, Gary spent five years in London running Morgan Stanley’s Technology Sector Equity Research Team, as well as two years covering technology companies for JP Morgan.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.