Tag Archives: Dynamic Group Holdings

Dynamic Group looks to add ‘third limb’ to drilling business with Welldrill

Dynamic Group Holdings, the owner of Dynamic Drill & Blast and Orlando Drilling, is looking to further consolidate the Australia-based drilling sector by acquiring Welldrill from founder Peter Chegwidden.

Welldrill, founded in 2000, has serviced a number of Western Australia-based government organisations and mining companies (including BHP, OZ Minerals and BCI Minerals), in this period.

Dynamic, which has lodged a bid of A$19 million ($13 million) for the company, says it has identified a “number of opportunities to enhance performance” under the Dynamic umbrella. It would also see the company add another six water well rigs to its offering, bringing the total count to circa-45 rigs.

The company said the acquisition would provide a “defensive revenue stream” with increased exposure to government contracts and production mining. This is on top of the exploration and grade control drilling exposure it has with Orlando Drilling and drill and blast exposure it has with Dynamic Drill & Blast.

“Dynamic is also excited about the in-house safety, automation and performance tracking technology of Welldrill, which it plans to adopt across its existing fleet,” it added.

Dynamic Managing Director, Mark Davis, said: “Welldrill is expected to provide a critical third limb to our existing drill and blast, and exploration and resource definition services.”

Dynamic Group drilling businesses capture iron ore, gold and lithium work

Dynamic Group Holdings Ltd says its Dynamic Drill & Blast Pty Ltd and Orlando Drilling Pty Ltd businesses have been awarded new contracts set to generate between A$12-$14.15 million ($8.6-10.1 million) of additional revenue.

Of the six recently awarded contracts, three were awarded to Dynamic Drill and Blast, and are associated with a Tier 1 ASX-listed iron ore producer across projects in the Pilbara region of Western Australia for the purposes of mining, civil construction and specialised blasting, the company said.

In addition to the Pilbara projects, Dynamic Drill and Blast has been awarded a project in the Gascoyne region of Western Australia working with a Tier 1 ASX-listed earthmoving contractor, as well as an additional construction project in the Goldfields region of Western Australia.

Furthermore, Global Lithium Resources Ltd (team pictured) has selected Orlando to carry out Global Lithium’s planned RC drilling program in the March quarter of 2022 at its Marble Bar lithium project in Western Australia. Global Lithium’s drilling program is planned to comprise of some 60,000 m of RC drilling.

Global Lithium Managing Director, Jamie Wright, said: “The program is aimed at extending the lithium mineralisation by targeting the greenstones to the south of our Archer Deposit, down to our southernmost tenements.”

Dynamic Drill and Blast continues contract discussions, which are at various stages, with multiple parties. The company is experiencing a sustained and strong level of enquiry resulting in a significant pipeline of opportunities for short-, medium- and long-term projects, it said.