In FY13 we released a significant number of new products. In our Minelab division we launched the CTX
3030, an exciting feature-packed metal detector which has set a new standard in the coin and treasure
segment of the consumer market. In a business in which we have tended to highlight our gold detector
sales into Africa, it is worth noting that this consumer segment of our offering represents about 30% of
Minelabs sales, and has demonstrated strong and steady growth during the past four years. In addition to
the new CTX platform, we also released a number of high value-add accessories, including a pinpointer
and a state-of-the-art harness. We have a number of exciting new product releases planned during the
next two years, including the introduction of a low-cost metal detector, which will open up a completely
new market segment for Minelab. In addition to competing in the lucrative first-world market for lowerpriced
metal detectors at the entry level, it is designed to make metal detecting more attractive and
accessible to emerging world customers and to bring even more people, particularly younger enthusiasts,
into the activity.
Our next flagship gold detector will be based on new technology that we have developed and verified;
technology that will dramatically improve detector performance.In Countermine, we are developing a new dual sensor detector, aimed at further strengthening our
position in the military and security segment of the market, where ground penetrating radar is used in
conjunction with our worlds-best metal detecting technology.