PYBAR AND CAPITAL DRILLING JOIN FORCES IN AFRICA

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PYBAR AND CAPITAL DRILLING JOIN FORCES IN AFRICA

October 12, 2016


PYBAR ENTERS INTO A PARTNERSHIP AGREEMENT

In April 2016, PYBAR entered into a three year agreement with drilling services company Capital Drilling Limited for the co-marketing of underground hard rock mining services in Africa.

It’s been a strategic move for both PYBAR and Capital Drilling to enter into a partnership agreement to facilitate growth. For PYBAR, our CEO Paul Rouse said “Our focus remains on the Australian market, however with a large number of potential underground projects in Africa, there is an opportunity to transfer our capabilities to a market that can benefit from our expertise. Partnering with an established player such as Capital Drilling will facilitate any entry into the African market.”

POSITIONING PYBAR FOR GROWTH

While some immediate opportunities exist, PYBAR’s decision to co-market underground mining services with Capital Drilling was made with a long-term view. Our COO, Brendan Rouse, commented “Africa has huge potential for mining, underground in particular. However operating in Africa requires a particular skill set that takes time to develop. Capital has been operating in Africa for over 15 years and has the complementary skills we require to offer an effective underground mining service for mining companies in Africa.”

Whilst Capital Drilling will complete the exploration services stage of any joint operations, PYBAR will cooperate with Capital by providing valuable knowledge and competence in underground hard rock mining for input into feasibility studies, allowing seamless transitioning from exploration into development and production. Together we believe we will be a genuine force in the underground mining phase.

Most importantly both companies are an excellent cultural fit. For Capital Drilling, Executive Director Brian Rudd said “PYBAR not only has the experience in underground mining it is also similarly aligned in its decision making and business processes – flexible, agile and focussed on excellent performance delivery for clients.”

ABOUT CAPITAL DRILLING

Founded in 2004, Capital Drilling is a London Stock Exchange-listed company and is based in Mauritius. Capital Drilling provides exploration, development, grade control and blast hole drilling services to mineral exploration and mining companies. While Capital Drilling has operated worldwide, it maintains over 15 years of experience in Africa with established and strong relationships. The company operates a fleet of over 90 diamond, reverse circulation, grade control, blast hole, air core and multi-purpose rigs.

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