Rundown Of The Drilling Landscape In Australia

Rundown Of The Drilling Landscape in Australia

‘Cautiously ambitious’ is the sentiment of the drilling industry as exploration expenditure subtly rises and Australia embraces the shift towards energy transition targets.

Future advancements in technology to enhance the equipment used in mineral exploration have improved the safety and efficiency of extraction of critical minerals such as copper, lithium, rare earth elements.

Predicted shortfall of critical mineral supply will skyrocket demand for these minerals required to sustain the renewable energy sectors, and essential to the production of technology and electric vehicles. Despite this spike, ABS are reporting the reduction of drill rig utilisation and metres drilled in the June 2023 quarter, bringing about the ‘cautious’ attitude.

With the urgency of decarbonisation, critical minerals will be the star and Australia is the ambitious player in the shift towards this global energy transition.

Western Air is Australia’s leading provider of drilling equipment solutions, providing high pressure compressors, boosters, and a range of services to the Mineral Exploration industry.

“The team at Pacific Finance have assisted Western Air customers purchase the Drilling Equipment they need to win work, replace their current compressor and booster fleets and grow their drilling operations. New equipment minimises downtime on site. Breakdowns are costly and rig, compressor repairs take time. 

Marty Westvelt and Joel Quartermaine go above and beyond to secure the right asset finance so that our Drilling companies can secure new equipment fast and ready for their next job.”

– Carly Ascott, CEO of Western Air