Ausdrill takes majority stake in HiSeis

Ausdrill has taken a majority stake in end-to-end seismic hard rock exploration service provider HiSeis
Ausdrill takes majority stake in HiSeis Ausdrill takes majority stake in HiSeis Ausdrill takes majority stake in HiSeis Ausdrill takes majority stake in HiSeis Ausdrill takes majority stake in HiSeis

HiSeis has grown into a thriving mining services supplier with operations around the globe

Staff reporter

PRESS RELEASE: HiSeis was established in 2009 to commercialise the work of Curtin University professors Anton Kepic and Milovn Urosevic that enabled the application of seismic technology to mineral exploration.

While seismic had traditionally been used in oil and gas exploration, the technique was limited in mining due to properties of the hard rock geology usually associated with minerals.

The research team was able to overcome those limitations and HiSeis has grown into a thriving mining services supplier with operations around the globe.

Curtin University will keep a minority position in the company and continue to provide research support to it.

HiSeis clients include Northern Star, Independence Group, Evolution Mining, Lundin Mining and Anglogold Ashanti.

While it is investing in HiSeis, Ausdrill has decided to sell its underground network installation service Diamond Communications to private group Powerline Plus for an undisclosed sum.

Ausdrill has been associated with Diamond for 19 years.

PLP is a family-owned infrastructure, construction and maintenance contractor servicing the mining sector and state power organisations.