Geodrill Limited (GEODF)

Overview

Geodrill Limited, alongside its subsidiaries, is a prominent provider of mineral exploration drilling services targeted towards the mining sector across multiple regions, including West Africa, Egypt, Chile, and Peru. Since its inception in 1998, the company has established a strong foothold in the drilling industry, catering to a diverse range of clients by offering specialized drilling services. Geodrill Limited prides itself on its substantial fleet of drill rigs and support vehicles, designed to enhance efficiency and performance in mining exploration activities. As of the end of 2023, the company boasts an impressive fleet of 83 drill rigs, underscoring its capacity to handle large-scale operations. With its headquarters located in Douglas, Isle of Man, Geodrill Limited continues to expand its services, aiming to contribute substantially to the discovery and development of mineral resources around the globe.

Products and Services

Geodrill Limited offers a comprehensive range of drilling services, tailored to meet the specific needs of the mining industry:

• Reverse Circulation (RC) Drilling: This method is utilized for mineral exploration, offering a fast and cost-effective way to obtain rock samples from below the earth's surface. It is especially useful in the early stages of exploration.
• Core Drilling: Core drilling is crucial for obtaining precise geological samples, allowing clients to analyze the composition, structure, and properties of underground materials. This method is essential for detailed exploration and assessing deposit viabilities.
• Air-Core Drilling: Specifically designed for rapid soil sampling, air-core drilling is an efficient technique used in soft rock formations to avoid contamination and ensure clean sample collection.
• Deep Directional Navi Drilling: This advanced drilling technology is designed for precise directional drilling, enabling the exploration of mineral deposits at significant depths and in challenging geological settings.
• Water Borehole Drilling: Geodrill provides water borehole drilling services, essential for the development of water wells, ensuring access to water resources for mining operations and local communities.
• Underground Drilling: Offering specialized drilling solutions for underground operations, this service is tailored for complex environments where surface drilling is not feasible.
• Horizontal Drilling: This technique is employed to achieve horizontal boreholes, facilitating various applications, including the installation of underground utilities and environmental assessments.
• Reverse Circulation and Reverse Circulation Grade Control: These services enhance the accuracy of mineral resource estimation, crucial for optimizing mine planning and reducing operational risks.

Supporting its array of drilling services, Geodrill Limited maintains a robust fleet of multi-purpose, core, air-core, grade control, and underground drill rigs. Additionally, the company is equipped with boosters, auxiliary compressors, and a variety of support vehicles, including pick-up and MAN trucks, purpose-built crawler-mounted support vehicles, and bell tractors. This extensive range of equipment and vehicles underscores Geodrill's commitment to delivering high-quality services and responding efficiently to the diverse needs of its clientele.