Wangara business Dynamic Drill and Blast expects to add about $30 million to its full-year revenue, following the acquisition of fellow contractor Orlando Drilling.
ASX-listed Dynamic Drill and Blast has secured work on gold and iron ore projects in Western Australia under two subcontracts, with Pilbara Resource Group and Carey Mining.
Perth-based Dynamic Drill and Blast has become the latest mining contractor to successfully list on the Australian Stock Exchange, with its share price more than doubling.
Mining contractor Dynamic Drill and Blast says it will use funds raised from a $5 million initial public offering to tackle a strong tendering pipeline and potentially grow the business in Western Australia's civil sector.