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Minelab

Minelab

Country

Australia

Other Locations

Ireland; United States; United Arab Emirates

Years Operating

1985 to present

Status

Active

Parent Company

Codan Limited (ASX:CDA)

Ownership History

1985: Founded in Adelaide, Australia; 2008: Acquired by Codan Limited (ASX:CDA); 2017–2025: Global expansion with regional offices in Ireland/USA/UAE

Key Financials

Group revenue/net income reported at Codan level; see FY2022–FY2024 reports

Flagship Model

MANTICORE (2022)

Tech Highlights

SMF (Multi-IQ); SMF (Multi-IQ+); FBS; VLF; PI

Product List

Excalibur (1993) || Explorer S (1999) || Explorer II (2003) || E-TRAC (2009) || CTX 3030 (2012) || EQUINOX 600 (2018) || EQUINOX 800 (2018) || EQUINOX 700 (2022) || EQUINOX 900 (2022) || MANTICORE (2022) || X-TERRA PRO (2023)

Company Profile

Minelab began life in Adelaide, South Australia, in 1985 and quickly carved a reputation for engineering‑led metal detectors that cope with difficult ground. The early company culture was a blend of university‑grade signal processing and pragmatic field testing, and that combination still defines Minelab’s hobby line today. Although the brand first became famous on the goldfields of Australia, the technology flowed into coin and relic machines that mattered in the UK: stable target IDs on iron‑flecked arable, depth on pasture, and useable performance in wet mineralised sand for those who occasionally hunt the beach. The constant thread across four decades is a willingness to rethink architectures—first with broad‑spectrum multi‑frequency, then with simultaneous multi‑frequency optimised for everyday detecting, and now with higher‑powered variants and richer target visualisation.

In the 1990s and 2000s Minelab’s BBS and FBS platforms set a new bar for target stability in noisy soils. Detectors such as the Sovereign, Explorer series, and later the E‑TRAC delivered depth and ID confidence that were particularly attractive on UK permissions that had already seen multiple passes from single‑frequency VLF detectors. These machines were not light by modern standards and their interfaces could be opaque to newcomers, but they built loyal followings because they extracted finds from busy ground—hammered silver, groats, buckles, and small bronze—where others struggled. The CTX 3030 in 2012 refined the formula with a weather‑resistant housing, GPS logging, XChange2 desktop integration, and fast digital processing; for a section of the UK community it remains a benchmark on meticulously researched sites despite the weight.

A generational shift arrived with EQUINOX. Announced in late 2017 and shipping broadly from early 2018, EQUINOX introduced Multi‑IQ: simultaneous multi‑frequency processing in a collapsible, comparatively light chassis. The appeal was straightforward—switch‑on simplicity for beginners plus enough depth and nuance for experienced hunters. On UK farmland the combination of usable iron bias, respectable separation with small coils, and sensible audio made it a practical ‘do‑most‑things’ machine. Multi‑IQ coped with changing mineralisation without demanding constant retuning, which suited club digs and ad‑hoc permission visits. The line also encouraged a more modular ecosystem: waterproof coils, Bluetooth‑class wireless audio, and a stem design that could survive a muddy boot thrown in a car.

From 2022 Minelab pushed two tracks in parallel. EQUINOX 700/900 refreshed the ergonomics—stronger coil ears, improved locking stem and better grip—while widening the Target ID range and adding conveniences such as a control‑pod torch and refined backlight that actually help on winter fields. In a similar timeframe the company unveiled MANTICORE, a higher‑end platform with Multi‑IQ+, claiming more usable transmit power and improved unmasking of non‑ferrous targets next to iron. The headline visual change is the two‑dimensional target map. On UK arable, where tiny foil, coke, and deep corroded ferrous conspire to waste time, the extra visual cue can speed decisions once the user learns the patterns. The learning curve is steeper than EQUINOX, but reports from experienced diggers suggest that in dense iron the platform rewards patience with more convincing IDs and a snappier response on borderline conductors.

To avoid a yawning price gap at entry level, Minelab launched X‑TERRA PRO in 2023. This is not simultaneous multi‑frequency; instead it uses ‘Pro‑Switch’ to offer single‑frequency choices in a modern, waterproof package. It is aimed squarely at budget‑conscious newcomers who want the ergonomics and ecosystem of the higher lines without the extra processing cost. In the UK context, that means a capable first detector for pasture and plough, with an easy path to upgrade coils or, later, the control unit itself. The wider portfolio strategy—entry, mid, upper‑mid, flagship—lets Minelab defend share against rivals like XP (DEUS II) and Nokta (Legend) while using manufacturing scale and a large dealer network to keep availability high.

Ownership matters. Minelab has been a wholly‑owned division of Codan Limited (ASX:CDA) since 2008 and sits alongside Codan’s communications businesses. The corporate umbrella funds R&D (the company has repeatedly cited a team of dozens of engineers) and supports a global footprint: Mawson Lakes for head office and manufacturing, regional offices in Cork for EMEA, Illinois for the Americas, and Dubai for MEA. For UK buyers this means faster spares logistics and a predictable repair channel through authorised dealers. The flip side is brand perception—with size comes marketing heft and frequent product cycles, and a minority of hobbyists grumble about churn or accessory pricing. Still, Minelab typically maintains years of coil compatibility and publishes practical notices and manuals that remain accessible via its knowledge base and archived pages.

Technically, the brand’s calling cards are multi‑frequency signal processing and a willingness to ship genuinely new ideas into the hobby market. BBS/FBS solved depth and ID stability for a generation. Multi‑IQ shifted the balance towards lighter, more ergonomic machines without sacrificing breadth of application. Multi‑IQ+ and the 2D ID map try to claw back some of the ‘edge’ in modern iron‑infested sites. Across the range, audio remains the deciding factor in expert hands; Minelab’s richer tones and custom profiles give experienced diggers more to listen for, while beginners can stay with simpler beep‑and‑dig modes. Coil options matter as much as electronics on UK sites with variable stubble and ridge‑and‑furrow, and Minelab’s ecosystem—6" through 15"—covers those bases.

The company’s reputation in the UK community is inevitably mixed, as with any market leader. Advocates point to find‑rate and resale value, to the depth of online knowledge, and to robust aftercare via established dealers. Critics highlight weight on legacy FBS machines, the cost of OEM accessories, and occasional water‑ingress stories on early production runs (addressed in later revisions). Taking a step back, Minelab has continually influenced the overall direction of hobby detector design: lighter builds, simpler UIs that still allow advanced customisation, and firmware‑addressable features. Whether you are an occasional Sunday digger or a research‑driven permission hunter, the broader product family makes it likely there is a Minelab that can be tuned to UK farmland realities—iron, coke, variable moisture, and the eternal trade‑off between ground coverage and surgical coil control.

Looking forward, expect more attention to EMI immunity along field margins, better mineralisation handling on mixed soils, and continued integration between detector, phone, and cloud logging. Weight will keep dropping, stems will get stiffer without getting heavier, and target characterisation will become more visual without losing the primacy of audio. Minelab’s challenge will be to keep genuine innovation flowing while maintaining durability and service standards. Its advantage is scale, an entrenched user community, and a track record of seeding ideas that others copy a few seasons later.

Current Buzz

Over the last 12–18 months the centre of gravity in UK chatter has been MANTICORE and EQUINOX 900, with X‑TERRA PRO quietly becoming the ‘default’ starter choice. Dealer‑authored reviews in 2025 characterise MANTICORE as a machine that feels ferociously capable once you learn it: the 2D target map speeds dig/no‑dig calls in busy patches and iron handling is a clear step above older platforms. Forum posts through 2024–2025 echo that view but warn that it is not a pure “press start and win” detector—time on headphones pays dividends. EQUINOX 900 is framed as a practical upgrade rather than a revolution: noticeably better stem, improved grip, extra target‑ID resolution, and a general sense of polish that reduces faff on winter permissions. Some long‑time 800 owners argue the performance delta is modest on typical UK pasture, but most agree the physical improvements alone justify the step‑up when buying new. Meanwhile X‑TERRA PRO’s value proposition continues to land: waterproofing, simple controls, and coil compatibility at a price that undercuts many rivals. The net sentiment is steady: Minelab remains a safe bet for UK farmland detectors, with MANTICORE for those who want the ceiling, EQUINOX 900 as the all‑rounder, and X‑TERRA PRO for new entrants who want a credible platform without breaking the bank.

Awards & Notable Reviews

"Superb separation in iron-littered pasture, feels like a genuine step forward from the 800" — Joan Allen UK, MANTICORE review (2025). "The extra Target ID resolution really helps in coke-heavy soils" — Joan Allen UK, EQUINOX 900 guide (2025). "Best separation I've used yet, and very stable in mineralised ground" — FocusSpeed blog, MANTICORE analysis (2024). "Update improved crown cap handling noticeably" — Metaldetectingforum.co.uk, MANTICORE firmware feedback (2023). "The 2D ID screen is not a gimmick… I can see patterns for hammered silver versus deep iron" — The Detecting Hub, MANTICORE vs DEUS II field comparison (2024).

Distribution

Regional offices: Ireland (EMEA); USA (Americas); UAE (MEA); Global dealer network

Official Website

Data dug on: 

Thursday, 14 August 2025

UK Detectorist researcher

Holly

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