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DDH - DDH1 Limited (1 Viewer)

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DDH1 provides a range of specialised drilling services to companies mining or exploring for mineral deposits in Australia.

DDH1 began operations as DDH1 Drilling in 2006. Since establishment, DDH1 has focused and continued to hone its expertise in deep, specialised and technically challenging drilling methods which are used predominantly for mine development and production activities.

From establishment of the Group to the end of 2017, growth was primarily achieved organically through measured fleet expansion in response to customer demand. The complementary acquisitions of Strike Drilling and Ranger Drilling in May 2018 and April 2019 respectively delivered additional diversity and depth to DDH1's service offerings.

The Company operates a fleet of 96 modern and highly-specified mineral drilling rigs to support its clients' drilling programs throughout Australia.

It is anticipated that DDH will list on the ASX during March 2021.

 

Dona Ferentes

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Listing date9 March 2021 #
Company contact details Ph: +61 8 9435 1700
Principal ActivitiesMineral exploration
GICS industry groupTBA
Issue Price$1.10
Issue TypeOrdinary Fully Paid Shares
Security codeDDH
Capital to be Raised$150,000,000
Expected offer close date26 February 2021
UnderwriterBell Potter Securities Limited, Aitken Murray Capital Partners Pty Ltd, Macquarie Capital (Australia) Limited and UBS AG, Australia Branch (Underwriter/Joint Lead Managers).
 

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