Tag Archives: Sheldon Burt

Pentium Hydro to help with dewatering at Iluka’s Cataby mineral sands op

Pentium Hydro has continued to book more work from the mining sector with Iluka Resources becoming the latest company to engage it for specialised dewatering drilling.

The Vysarn subsidiary’s Goods and Services contract with Iluka at the Cataby mineral sands mine, in Western Australia, has an estimated value of A$1.875 million ($1.3 million) and, based on the current scope, is expected to be complete before the end of June 2020.

Pentium plans to mobilise to site in early February, with the company carrying out the drilling of dewatering and injection wells at the Southern Area Development project at Cataby.

Managing Director of Pentium, Sheldon Burt, said: “The mobilisation of this rig will be the seventh rig of the fleet committed to a drilling program since acquiring the assets and the company’s relisting on ASX in September 2019.”

Pentium’s list of recent project awards includes Fortescue Metals Group at Cloudbreak, Roy Hill at its Western Australia iron ore mine and the AngloGold Ashanti- and Independence Group-owned Tropicana gold mine.

Burt added: “The award of this work further strengthens the company’s strategy to become the premium dewatering service provider in Western Australia, specifically to Tier One mining clients.”

Roy Hill adds another Pentium Hydro rig to its iron ore operations

Vysarn says its Pentium Hydro subsidiary has received a further purchase order to supply a second rig under a general works contract with Roy Hill Iron Ore.

The estimated first phase value of the purchase order is around A$1.3 million ($890,882) and, based on the current scope, is expected to be complete within three to four months of mobilisation. Pentium plans to mobilise to site by the end of January.

Pentium Hydro, in late 2019, entered into a general works contract for dual rotary and reverse circulation water bore drilling services with Roy Hill.

Pentium Managing Director, Sheldon Burt, said: “Pentium is pleased with the award of the additional work from Roy Hill Iron Ore. The award of this work further strengthens the company’s strategy as a premium dewatering service provider specifically to Tier One mining clients.

“We are pleased that the Pentium service offering is being considered so soon following the acquisition of the drilling assets in August 2019 and we look forward to continuing to build relationships in the industry.”

Pentium Hydro wins drilling and waterwell construction contract at Tropicana gold mine

Vysarn’s wholly-owned subsidiary, Pentium Hydro, has confirmed another major mining contract, this time with the AngloGold Ashanti and Independence Group joint venture Tropicana gold mine in Western Australia.

Pentium, which was only acquired from Ausdrill last month, is to provide dual rotary drilling and waterwell construction services at the mine.

Earlier this month, Pentium announced a purchase order worth up to A$800,000 ($549,866) with Fortescue Metals Group at the Cloudbreak iron ore operation.

Under the contract, Pentium will drill and construct de-watering at various locations at the Tropicana mine site including the bore fields, tailings storage facility and open pit areas.

Pentium has commenced procurement of the long lead time materials with mobilisation of the drill rig and auxiliary plant to be completed by early October, Vysarn said. The scope of work is expected to commence shortly thereafter and be complete by mid December 2019.

Pentium Managing Director, Sheldon Burt, said: “This is the fourth rig mobilised by the company in less than a month since acquiring the hydrogeological drilling assets from Ausdrill and confirms the board’s confidence in the underlying demand for the company’s assets and services. We are delighted to be working for a company of AngloGold Ashanti’s standing.”

Tropicana is owned 70% by AngloGold (manager) and 30% by Independence Group. The open-pit operation poured first gold in September 2013.