In early 2023, AfriMine Exploration Ltd., a mid-sized mining company based in Accra, Ghana, launched a gold exploration project in the Ashanti Region—a historic gold-mining area known for its hard, quartz-rich rock formations. The goal was to drill 500 meters of core samples across 10 drill sites to assess the viability of a new mine. Initial plans called for using conventional steel core bits, which the team had relied on for previous projects in softer soil conditions.
The Challenge: Slow Progress and High Costs with Conventional Bits
Within the first two weeks, the team hit a wall. The steel core bits struggled with the Ashanti Region's hard granite, drilling at an average rate of just 4 meters per day per drill rig. Worse, bits needed to be replaced every 30–40 meters, leading to frequent stoppages. Each replacement took 1–2 hours, during which the drill crew (paid hourly) stood idle. By the end of week two, the project was already 10 days behind schedule, and costs were spiraling: steel bits cost $80 each, and the team was going through 5–6 bits per drill site. labor costs for downtime, the effective cost per meter drilled had reached $120—far exceeding the project's budget of $80 per meter.
"We were stuck," recalls James Kwarteng, AfriMine's project manager. "Our geologists needed core samples to make decisions, but we couldn't keep up with the drilling targets. The steel bits were literally crumbling in the hard rock. We knew we had to try something different."
The Solution: Switching to Carbide Core Bits
After consulting with drilling equipment suppliers, Kwarteng's team decided to test carbide core bits. They selected a 76mm surface set carbide core bit—a common size for exploration drilling—manufactured by a South African supplier. The upfront cost was higher: $220 per bit, more than double the price of the steel bits. But the supplier promised longer lifespan and faster drilling speeds, so the team agreed to a trial on two drill sites.
The Results: Faster Drilling, Fewer Replacements, Lower Costs
The difference was immediate. The carbide core bits drilled through the granite at an average rate of 12 meters per day—three times faster than the steel bits. Even more impressively, the first carbide bit lasted 150 meters before needing replacement—four times longer than the steel bits. "Our drill crews were shocked," Kwarteng says. "They went from changing bits every morning to changing them once a week. Suddenly, we were making up for lost time."
Encouraged by the trial results, AfriMine switched all 10 drill sites to carbide core bits. By the end of the project, they had drilled the full 500 meters in 35 days—15 days ahead of the revised schedule. Most importantly, the cost per meter dropped to $65, well below the original budget of $80. Let's break down the numbers:
|
Metric
|
Conventional Steel Core Bits
|
Carbide Core Bits
|
Improvement
|
|
Drilling Speed (meters/day)
|
4
|
12
|
+200%
|
|
Bit Lifespan (meters per bit)
|
35
|
150
|
+328%
|
|
Bits Used per 500 Meters
|
14
|
4
|
-71%
|
|
Total Bit Cost for 500 Meters
|
$1,120 (14 bits x $80)
|
$880 (4 bits x $220)
|
-21%
|
|
Downtime (hours per 500 meters)
|
28 hours (14 replacements x 2 hours)
|
8 hours (4 replacements x 2 hours)
|
-71%
|
|
Effective Cost per Meter
|
$120
|
$65
|
-46%
|
The savings went beyond direct costs. With the project completed ahead of schedule, AfriMine was able to secure additional funding for a second phase of exploration, which ultimately led to the discovery of a viable gold deposit. "The carbide core bits didn't just save us money—they helped us find a mine," Kwarteng says. "That's the kind of impact you can't put a price on."