What Deepcore Drilling does

Deepcore Drilling is an Australian-owned, privately held diamond drilling services contractor headquartered in Epsom, Victoria, founded in 2005. The company provides surface, underground, heli-portable and deep directional diamond drilling for the mining, mineral exploration, and engineering/construction industries, operating 24 hours a day, seven days a week across Australia from bases in Victoria (Bendigo/Epsom) and Queensland (Caboolture), with active deployments also in New South Wales and Tasmania. As of the most recent disclosures the business runs 40+ diamond drill rigs and over 350 staff, with stated drilling capability beyond 2,000 metres depth, hydrofracking for block-caving operations, geotechnical drilling and packer testing, and other specialist services such as hole tracking, gas intersection drilling, dewatering, and cave monitoring.

The underlying technology platform is equipment-led rather than software-led. Deepcore operates a fleet of Boart Longyear MDR700 multi-purpose diamond drilling rigs supplied under a technology partnership, alongside internally customised rigs built to client specifications. Its principal proprietary innovation is the Sound Enclosure — a portable, flat-packable engineered noise-reduction system that lowers drill rig noise emissions by approximately 20%, enabling 24/7 operations near noise-sensitive sites such as the Fosterville Mine. Internal operational infrastructure — an in-house body shop, vehicle maintenance workshops, large-scale transport support vehicles and a modern warehouse management system — supports fleet reliability and reduces dependence on third-party suppliers.

Deepcore generates revenue through contract-based, professionally delivered drilling services billed to enterprise mining and exploration clients. Pricing is quote-based, negotiated per project, and structured around competitive day rates under multi-year contracts; no published pricing or productised service tiers exist. The go-to-market motion is direct enterprise field sales to mining majors and exploration companies, exemplified by the strategic relationship with Kirkland Lake Gold at the Fosterville Mine, with no third-party resellers or marketplace distribution channels. Distribution relies on physical rig and crew deployment to client mine sites, supported by industry-association visibility (ADIA/AIG) and a workforce development partnership with Monash University.

Name

Deepcore Drilling

Legal name

Deepcore Drilling Pty Ltd

Website

https://deepcoredrilling.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Deepcore Drilling is an Australian privately-held diamond drilling services contractor, founded in 2005 and headquartered in Epsom, Victoria. It operates 40+ rigs and 350+ staff delivering surface, underground and heli-portable diamond drilling to mining, mineral exploration and engineering/construction clients nationwide.

Ownership category

akta.pro rank

Product category

Mining Drilling Services

NAICS

Support Activities for Metal Mining (213114)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Diamond drilling services
• Underground drilling
• Mining exploration drilling
• Geotechnical drilling
• Drill rig contracting

Headquarters

HQ city

Epsom

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Drilling Services Contracts: Contract-based diamond drilling services billed to mining and exploration clients. Revenue is generated through the deployment of crews and rigs to client mine sites for exploration and production drilling projects on a project/contract basis.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

Deepcore Drilling provides contract diamond drilling services for the Australian mining, exploration, and engineering/construction industries, operating surface and underground drilling 24/7 with a fleet of 40+ custom-built rigs. It delivers underground mobile, acoustic, deep directional, hydrofracking, geotechnical, packer testing, and heli-portable drilling, and offers an in-house maintenance, body shop and warehouse capability to support fleet reliability. Its proprietary Sound Enclosure system enables 24/7 drilling near noise-sensitive sites.

Product overview

Deepcore Drilling is an Australian-owned diamond drilling services contractor that operates as a single integrated service offering rather than a modular software platform. The core product is its diamond drilling service, delivered through four named sub-capabilities: underground mobile drilling, acoustic drilling, deep directional drilling, and surface diamond drilling. These are supported by specialised service lines including Hydrofracking for Block-Caving Operations, Geotechnical Drilling and Packer Testing, and Hole Tracking and Specialty Drilling Services, and executed using the Boart Longyear MDR700 fleet. An internalised In-House Maintenance, Body Shop and Warehouse Services capability underpins fleet reliability, while the Deepcore Sound Enclosure stands as a separately highlighted innovation that enables 24/7 drilling in noise-sensitive environments.

Differentiator

Problem solved

Functional benefit

Products and services

• Diamond Drilling Services Full-service diamond drilling delivered for the mining, exploration, and engineering/construction industries across Australia, operating surface and underground 24/7 with the capability to drill beyond 2,000m depth.
• Underground Mobile Drilling Specialist underground mobile diamond drilling delivered with the Boart Longyear MDR700 fleet, identified by Deepcore as one of its areas of Australian market leadership.
• Acoustic Drilling Acoustic diamond drilling service delivered alongside underground mobile and deep directional drilling, forming one of Deepcore Drilling's three named areas of industry leadership.
• Deep Directional Drilling Deep directional and deep hole diamond drilling, including parent–sub-hole drill programmes, executed across surface and underground environments for Australian and Asia-Pacific mining operations.
• Hydrofracking for Block-Caving Operations Hydrofracking service provided to support block-caving mining operations, highlighted within Deepcore's overall service offering.
• Geotechnical Drilling and Packer Testing Geotechnical drilling and packer testing delivered for construction and engineering applications, including dams and other major infrastructure projects.
• Deepcore Sound Enclosure Portable, flat-packable engineered enclosure designed and manufactured in Australia to contain a surface drill rig, reducing noise emissions by approximately 20% to enable 24/7 drilling in noise-sensitive areas; co-developed with Kirkland Lake Gold at Fosterville.
• Hole Tracking and Specialty Drilling Services Specialist capabilities including hole tracking, drilling in high pressure/temperature aquifers, dewatering, gas intersection drilling, cave monitoring, and heli-portable operations.
• In-House Maintenance, Body Shop and Warehouse Services Operational support services delivered from Bendigo and Caboolture facilities, including in-house light vehicle refurbishment and paint, in-house vehicle maintenance through fully equipped workshops, large-scale transport support vehicles, and a modern warehouse management system for mission-critical consumables and spare parts.

Quantifiable outcome

• Workforce of over 350 staff supporting Australian-wide drilling operations
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Boart LongyearcoreTechnology or IntegrationEquipment and technology partner supplying the MDR700 multi-purpose diamond drilling rigs that form a significant portion of Deepcore's operating fleet. The MDR700 is deployed at client sites such as the Fosterville Mine.
• Kirkland Lake GoldcoreStrategic or Co-development PartnerMajor mining client at whose Fosterville Mine Deepcore Drilling operates the proprietary Sound Enclosure on Boart Longyear MDR700 rigs; relationship functions as both customer and operational collaborator for technology deployment.
• Monash UniversityminorOthersEducation / research partner referenced in connection with Deepcore's activities, likely supporting training, research or industry engagement.
• ADIA / AIG (Australian Drilling Industry Association / Australian Institute of Geoscientists)minorGTM or Marketing PartnerSponsored industry conference / association involvement supporting Deepcore's visibility in the Australian drilling and geoscience community.
• Direct EMSminorOthersExternal provider delivering mental health training to Deepcore Drilling staff as part of the company's workforce wellbeing program.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Capital Drilling: Mineral drilling contractor providing diamond, reverse-circulation, and blast-hole drilling services globally. Direct competitor in the same contract drilling category serving mining majors and juniors.
• Major Drilling Group International: One of the world's largest drilling services companies specializing in diamond and reverse-circulation drilling for mining. Overlapping service portfolio, mine-site delivery model, and customer base with Deepcore.
• DDH1 Drilling: Australian diamond and reverse-circulation drilling contractor serving mining and exploration clients across Australia. Closest scale and product-line comparable to Deepcore, with overlapping underground and surface drilling services.
• Boart Longyear: Global drilling services and equipment provider that both competes with Deepcore in contract drilling and supplies its MDR700 rig fleet. Direct peer on services and a key technology partner on equipment.
• Orbit Garant Drilling: Canada-headquartered drilling contractor with surface and underground diamond drilling operations, including Australia. Comparable service offering and customer profile to Deepcore's.
• Geodrill: West African-focused mineral drilling contractor with surface and underground diamond and reverse-circulation rigs. Directly comparable contract drilling business model serving mining clients.
• Foraco International: Global mineral drilling services contractor offering surface and underground diamond drilling to mining clients. Directly comparable business model, service mix, and customer base to Deepcore.

Broad incumbents

• Epiroc: Global mining and infrastructure equipment and services provider, including drilling solutions. Competes broadly with Deepcore via equipment sales and integrated drilling services, while also being a potential supplier/partner.
• Sandvik Mining and Rock Solutions: Global mining equipment and services supplier offering drill rigs, consumables and rock-processing solutions. Competes adjacently to Deepcore across equipment and services in the drilling value chain.
• Perenti (Barminco / Ausdrill): Large Australian diversified mining services group owning Barminco underground mining and Ausdrill drilling services. Competes with Deepcore in Australian underground drilling as part of a broader mining-services portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deepcore Drilling