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Aquirian Limited (ASX:AQN)

ALERT: Price-sensitive ASX Announcement for AQN
Current share price for AQN : $0.390 -0.025 (-6.02%)+
Announcement
Release
28 Nov 2025 8:18AM
Price at Release
$0.415
Full Release
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Summary
Aquirian Limited, through its subsidiary TBS Mining Solutions Pty Ltd, has finalized a contract with Papyrus Australia Limited for producing biodegradable Collar Keeper® products. This contract, valued at approximately $4.2 million over three years, aligns with Aquirian's Bootless Bench® initiative aimed at enhancing safety and reducing environmental impact in mining. The agreement builds on an earlier binding term sheet, promoting a sustainable alternative that eliminates post-blast plastic waste. The supply is projected to start in late Q4 FY26, pending trial product approval.
Key Points
  • Aquirian Limited executes a contract with Papyrus Australia Limited.
  • Contract involves the manufacture and supply of biodegradable Collar Keeper® products.
  • The contract is valued at approximately $4.2 million over an initial term of 3.5 years.
  • Supply expected to commence in late Q4 FY26, subject to trial product approval.
  • This initiative supports the Bootless Bench® vision for safer, more efficient, and sustainable mining operations.
  • The biodegradable Collar Keeper® eliminates the need for post-blast retrieval, reducing environmental impact.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.