SYDNEY: Imdex Limited has completed the acquisition of AusSpec International Limited following payment of A$1 million cash and A$5 million IMDEX shares, a news release said.

Commenting  on  the  acquisition  IMDEX  Chief  Executive  Officer,  Paul  House,  reiterated  AusSpec’s  excellent strategic fit and world-leading expertise in automated mineralogy.

“AusSpec’s  unique  and  proven  aiSIRIS  platform  strengthens  our  total  rock  knowledge  offering  for  all clients across the mining value chain.  The low touch SaaS product also aligns with our value proposition of providing actionable information in real-time via efficient digital workflows.

“We sincerely welcome  AusSpec  cofounders  Dr  Sasha  Pontual  and  Dr  Paul  Gamson  and  their  highly-knowledgeable team.”

IMDEX is a leading Mining-Tech company, which enables successful and cost-effective operations from exploration  to  production.  The  Company  develops  cloud-connected  sensors  and  drilling  optimisation  products to improve the process of identifying and extracting mineral resources for drilling contractors and resource companies globally.