Behind the Deal: Sandvik drill rig, $500K, mobilisation funded
Crew on site Monday. Tier-1 invoice cycle starts in 120 days. A mining services contractor had won a new drilling contract and needed $500K to mobilise crew, fund consumables and meet bond requirements before drilling could begin. They owned a Sandvik DD420 surface drill rig and four modular accommodation units outright. ABL released the equity, […]