Our financial support helped DrillCube turn an innovative supply chain concept into a successful global venture.
DrillCube is a mining supply and consumable business. It provides more than 50 global mining houses with consumables they need to start up operations.
The innovative business concept of ‘shop-in-box’ model, according to Principle and Director Jason Wasley, saves miners time, money and stress.
“We have a unique value proposition of supplying the four pillars – ground support, rock tools, ventilation and poly products – through one house,” Jason explained. “So, instead of miners having to establish suppliers, order gear and rely on other people, we send sea containers to their site so they can get straight to work.”
After developing the concept for DrillCube in 2014 and receiving its first contract in 2016, the business was unable to secure finance from the private market because it held its stock overseas. Fortunately, Jason learned about Export Finance Australia through his network.
“We realised that the facility was available for people like us, who were innovative but just outside of the traditional lending criteria,” explained Jason.