Boart Longyear Announces 2014 Second Quarter and First Half Preliminary Results and Key Performance Indicators

Boart Longyear Limited (ASX: BLY), the world’s leading supplier of drilling services, drilling equipment and performance tooling for mining and drilling companies, today announces preliminary results, key performance indicators and other company information for the second quarter and half-year ended 30 June 2014. All 2014 results are preliminary and unaudited and may be subject to adjustment. These preliminary and unaudited results are stated only to the adjusted EBITDA line and do not reflect any potential asset impairments or tax adjustments, which are still under review as part of the close process and will be included in the full results release scheduled for 26 August 2014. Financial results are reported in US dollars.

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Boart Longyear to Be Major Sponsor of Australian Drilling Industry Association’s DRILL 2014

SALT LAKE CITY — July 15, 2014 — Boart Longyear (www.BoartLongyear.com), the world’s leading provider of integrated drilling services, equipment and performance tooling, will be the major sponsor of the Australian Drilling Industry Association’s (ADIA) DRILL 2014 conference on August 19-22 at the Gold Coast Convention & Exhibition Centre in Gold Coast, Queensland. Held every two years, DRILL is Australia’s only national drilling conference.

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Boart Longyear Announces the New S250-M3 Rock Drill to Combat Noise

SALT LAKE CITY — May. 15, 2014 — Boart Longyear (www.BoartLongyear.com), the world’s leading provider of drilling services, equipment, and performance tooling, has introduced the new S250-M3 rock drill. The S250-M3’s advanced noise suppression and lower vibration represents a significant improvement over the existing S250 rock drill. This advancement improves drilling production and decreases the fatigue to ears, hands, and feet.

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Boart Longyear Adds Down-the-Hole (DTH) Drilling Tools by Launching Its BLH™ Line of Hammers and Bits

SALT LAKE CITY — April 29, 2014 — Boart Longyear (www.BoartLongyear.com), the world’s leading provider of integrated drilling services, equipment and performance tooling, is launching the BLH™ series of down-the-hole (DTH) hammers and bits. Designed to increase productivity in reverse circulation (RC) drilling and conventional DTH drilling, the new BLH series can be used in almost all DTH applications, including geotechnical drilling, quarrying/mining, water well/geothermal, and mineral exploration.

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The LM™110 Is Introduced as the Most Powerful Underground Boart Longyear™ Diamond Coring Drill Rig

 SALT LAKE CITY — March 4, 2014 — Boart Longyear (www.BoartLongyear.com), the world’s leading provider of integrated drilling services, equipment and performance tooling, has expanded their line of underground LM™ modular diamond drill rigs to include the new LM110. Ideal for drilling deep holes, the LM110 is the most powerful Boart Longyear underground diamond coring drill rig to date.

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Boart Longyear Announces 2013 Full Year Financial Results, Amendment to Credit Agreement and Review of Strategic Options

Boart Longyear Limited (ASX: BLY), the world’s leading supplier of drilling services, drilling equipment and performance tooling for mining and drilling companies, today announces its financial results for the full-year ended 31 December 2013 and a further amendment to the covenants of its US$140 million revolving credit agreement (“Credit Agreement”). In addition, the Company is providing updates on its operations, including key performance indicators and an outlook for expected market conditions in 2014.

 

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Edmund J. Longyear to Be Inducted into International Mining Technology Hall of Fame

SALT LAKE CITY — Jan. 9, 2014 — Boart Longyear (www.BoartLongyear.com), the world’s leading provider of integrated exploration drilling services, equipment and performance tooling, is honored to announce that Edmund J. Longyear will be inducted into the International Mining Technology Hall of Fame’s inaugural class for his role in exploration. Fourteen inductees will be honored during a gala dinner hosted at the Grand America Hotel in Salt Lake City, Utah, on Saturday, Feb. 22, 2014.

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Boart Longyear Appoints Jeffrey Olsen as Chief Financial Officer

Boart Longyear Limited (ASX:BLY) – Boart Longyear announces that Mr Jeffrey Olsen will be joining the Company as its Chief Financial Officer effective April 1, 2014.

“I am pleased to have Jeff join Boart Longyear. His strong financial background and knowledge and understanding of the resources and mining industries, including his global experience in a broad range of senior financial and commercial roles with Rio Tinto, are a good fit for our Company and for our current priorities to improve our balance sheet and focus on shareholder returns,” states Boart Longyear President and CEO, Richard O’Brien.  “The Board and I also would like to thank Jay Clement for the leadership and judgment he has provided as Acting CFO during a very challenging period.  He has been indispensable to me since I joined the Company and will continue to be so.”

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