- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
True North Copper Commences Qld Copper Sulphate Production Under Exclusive Offtake Agreement
True North Copper Limited (ASX:TNC) (True North, TNC or the Company) is pleased to announce it has commenced copper sulphate production at its Cloncurry Project in Queensland, Australia, with its refurbished solvent extraction and copper sulphate crystallisation plant now fully operational.
TNC has an exclusive offtake agreement with Kanins International for its copper sulphate production in Queensland.
- Copper sulphate production restarts at TNC’s facility strategically located Cloncurry Project (see Figures 1, 2 and 3 below).
- Initial production capacity is estimated at 12,000 tonnes of copper sulphate crystal per annum.
- Recognising growing demand from domestic and international markets, TNC has initiated plans to expand production.
- TNC has an exclusive offtake agreement with Kanins International Pty Limited (Kanins) (www.kanins.com), one of Australia’s largest copper sulphate suppliers, for all copper sulphate it produces. See below for a summary of the material terms of the offtake agreement.
- Copper sulphate is used in industries including agriculture, mining, water treatment, and chemical manufacturing.
True North Copper’s Managing Director Marty Costello said:
“We’re thrilled to announce the successful commencement of our first copper sulphate production. This accomplishment is a testament to the dedication and efforts of our entire team. We have worked hard to achieve copper sulphate production in a short period of time and we are proud to be one of the few active copper sulphate producers in the country.
We believe our offtake agreement with Kanins International provides confidence in True North Copper's revenue generation. The agreement ensures a premium above the London Metal Exchange price for our high-quality copper sulphate, providing a stable and predictable revenue stream.
This is another milestone completed that forms part of our overarching strategy to become Australia’s next critical minerals producer of copper and cobalt as we finalise restart studies for full-scale production.”
About copper sulphate and Kanins International
- Copper sulphate is a mineral salt widely used in various industries, including agriculture, mining, water treatment, and chemical manufacturing. Its applications range from agricultural fungicides, animal feed supplements, and soil sterilization to electroplating and laboratory reagents.
- Kanins International is an Australian owned business, based in Melbourne but operating globally. It supplies copper sulphate for the mining/mineral processing industry, animal feed, fertilizer and pesticide industries across both domestic and international markets (see Kanins website for further information).
Figure 1: Copper sulphate crystal loaded into a Bulka bag from the plant centrifuge at the Cloncurry Project Copper Sulphate Plant
Figure 2: Picture of the centrifuge loaded with copper sulphate crystal produced at the Cloncurry Project Copper Sulphate Plant
Figure 3: Sample of copper sulphate crystal produced at the Cloncurry Project Copper Sulphate Plant
Offtake agreement
The offtake agreement sees Kanins International acquire all copper sulphate produced by the Company at its Queensland sites for the life of copper sulphate production from those sites.
The pricing of copper sulphate sold to Kanins is determined by reference to the London Metals Exchange (LME) Copper price at that time plus a surcharge.
Kanins will provide technical services to the Company as required (at negotiable fees) to assist the Company to produce products which will achieve the highest return (with fair and reasonable pricing for improved product to be agreed).
Kanins has agreed to offer a working capital facility to the Company, on terms and conditions to be separately agreed between the parties.
Click here for the full ASX Release
This article includes content from True North Copper limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
True North Copper Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
True North Copper
Overview
True North Copper (ASX:TNC) is entering a transformative and exciting phase as we become Australia’s next copper producer. It’s 2024 and we’re ready to mine our Cloncurry copper project - low-cost, low-risk, fully funded and permitted.
The company’s next mine is the Vero resource at the Mt Oxide project. True North Copper is committed to developing and understanding this phenomenally mineralised project which boasts an updated copper-silver mineral resource estimate of 15.03 Mt at 1.46 percent copper and 10.59 g/t silver for a contained 220 kt copper and 5.13 Moz silver.
Copper demand is rising, in a market of diminishing supply. The global surge in artificial intelligence, electric vehicles, decarbonisation initiatives, and broader macro trends is intensifying the demand for copper.
True North Copper is ready.
Company Highlights
True North Copper is preparing to become Australia’s next copper producer.
True North Copper's two principal assets are located in northwest Queensland, Australia - a Tier 1 Jurisdiction:
- Cloncurry Copper Project (CCP) - IOCG and ISCG copper-gold deposits proposed for open pit mining operations, with extensive surrounding exploration tenure.
- Mt Oxide Project (Mt Oxide) – IOCG high-grade, globally significant, copper-cobalt-silver deposit subject to re- optimisation studies, and exploration in surrounding tenure.
Cloncurry Copper Project (CCP)
- Mining restart study confirms positive CCP project economics - AU$367 million with free cash flow of AU$111 million, and a pre-tax NPV10 of AU$88 million over a 4.6 year mine life, at US$8,500 per ton copper price and US$1,850 per ounce gold price (0.7 AU$:USD exchange rate).
- Wallace North Mine preparation and mobilisation. Wallace North is scheduled as the first open pit (one of four – Wallace North, Great Australia Mine [GAM], Taipan and Orphan Shear) to be mined as part of the mining restart at the CCP.
- Mining ramp-up will initially build ore stockpiles, with mining expected to start Q4 FY24(AUS). Oxide copper-gold ore will be transported by road train to the Cloncurry Operations heap leach. Sulphide ore will be transported to a nearby concentrator for toll treatment under TNC's toll-milling agreement with Glencore.
- CCP’s total reserves increased. TNC’s Cloncurry Copper Project (CCP) total reserves currently include 4.7Mt probable ore reserves grading 0.80 percent copper and 0.13g/t gold, containing 37.5 kiloton of copper and 20.0koz of gold.
Figure: Cloncurry copper project and Cloncurry operations hub
Mt Oxide Project
- Highly prospective and underexplored. Phenomenally mineralised system.
- Exploration results from True North Copper's maiden diamond drill program across MT Oxide’s Vero Resource not only returned outstanding and globally significant grades but also showcase the expanding nature of the Vero high-grade ore body including:
- 66.50 metres @ 4.95 percent copper, 32.7g/t silver and 685 ppm cobalt from 234.00 metres
- [inc.] 20.60 metres @ 10.51percent copper, 63. g/t silver and 1,149 ppm cobalt from
234.60 metres and - [inc.] 8.55 metres @ 6.03 percent copper, 51.6 g/t silver and 98 ppm cobalt from
290.15 metres
- [inc.] 20.60 metres @ 10.51percent copper, 63. g/t silver and 1,149 ppm cobalt from
- 66.50 metres @ 4.95 percent copper, 32.7g/t silver and 685 ppm cobalt from 234.00 metres
- Updated Copper-Silver Mineral Resource Estimate. The updated MRE for the Vero deposit contains 15.03 Mt at 1.46 percent copper and 10.59 g/t silver for a contained 220 kt copper and 5.13 Moz silver. Vero’s updated resource delivers a 20 percent increase in silver ounces, demonstrating the potential for Vero to deliver a significant silver co-product in addition to copper.
- Multiple exciting future exploration programs and high-priority potential targets along the 10 kilometres long mineralised trend that hosts Vero.
- Strongly Anomalous Copper and Pathfinder Elements.Results from a systematic rock chip sampling campaign at the Aquila and Ivena North prospects at the Mt Oxide project identified broad zones of copper mineralisation with samples from Aquila showing multiple gossanous breccia structures up to 30 metres wide. Sampling from Ivena North has identified copper, cobalt and arsenic trends within two geochemically anomalous zones from multiple gossanous breccia structures that are up to 25 metres wide.
Figure: Cross-section of MOXD217 (10 metres clipping window) showing the location of geological and grade composites as well as the updated interpretation of copper grade domains based on the results from MOXD217
Funding and Strategic Partnerships
- AU$42 million (US$28 million) USD-denominated senior secured loan facility (loan facility) with Nebari Natural Resources Credit Fund II LP (Nebari)1. The Loan Facility is provided in two tranches. Drawdown of Tranche 1 – US$18 million (approximately AU$25.5 million) on 9 February 2024.
- Binding offtake and toll-milling agreements with Glencore International AG(Glencore) for 100 percent of copper concentrate from TNC’s Cloncurry copper project (CCP) and toll-milling services of up to 1Mt of ore per year for the CCP’s Life of Mine (LoM).
Figure: Visual representation of Vero Resource within surrounding Mt Isa Inlier.
TNC 2024 Exploration Program
- Aggressive discovery strategy targeting transformative discoveries across TNC’s more than 850 sq km of tenure package within the Mt Isa Inlier.
- Significant potential for transformative discoveries of
copper-gold cobalt-silver) in three districts. - Numerous high-quality copper-gold-cobalt-silver targets located with mineralised structural corridors within the eastern & western fold belts such as:
- Cloncurry Fault Corridor 🡪 Host to the GAM and Mt Norma Resources
- Ernest Henry Corridor 🡪 Ernest Henry, E1 Camp and Monakoff
- Mt Gordon Corridor 🡪 Capricorn Copper and Vero
- Mt Roseby Corridor 🡪 Little Eva and Blackard.
- 12.55 Mt @ 0.82 percent copper (indicated and inferred resources).) and multiple prospects located within a 30-kilometre radius of the company's Cloncurry copper project represent near-term production advantage. Recent JV over highly prospective tenements with CMG deal increase TNC’s land position at the core of its Cloncurry copper project.
- TNC awarded the Queensland Government Collaborative Exploration Initiative (CEI) Grant. The CEI grant will be used towards delivery of leading edge MIMDAS induced polarisation, resistivity and magnetotellurics geophysical surveys at the Mt Oxide. The exploration aims to identify massive and disseminated sulphide mineralisation and deliver an improved understanding of the large-scale structural architecture that controls mineralisation throughout the Mt Oxide exploration leases.
Figure: Summary of exploration and development pipeline across all TNC projects.
Projects
Cloncurry Copper Project
Our Cloncurry copper project (CCP) hosts iron oxide copper-gold (IOCG) and iron-sulphide-copper-gold (ISCG) deposits with extensive surrounding exploration tenure. It is built on a strong economic basis and low-risk cost structure.
The CCP currently incorporates two reserves where mining will commence including – the Wallace North maiden resource and the Great Australia mine reserve (GAM):
- GAM includes GAM, Orphan Shear and Taipan deposits) totalling 4.7Mt grading 0.80 percent copper and 0.13g/t gold containing 37.5kt of copper and 20 koz of gold – upgrade to be announced mid-2024.
- Wallace North ore reserve totals 0.7Mt (probable) grading 1.01 percent copper and 0.46g/t gold for 6.8kt copper and 10 koz gold.
TNC’s CCP expansion is ongoing with exploration progressing and advanced projects in strategic locations surrounding the existing CCP operation, promising long-term growth prospects.
Our strategic partnerships, including a binding offtake and toll-milling agreements with Glencore International AG, supported by debt funding secured with Nebari, underscore our operational readiness and position TNC to capitalise on an extremely favourable copper market.
Mining operations will kick-off at the Wallace North open cut pit, targeting higher-grade ores (~1 percent copper) from surface mining. Ore will undergo primary crushing at the Cloncurry operations hub and the toll treatment facility, located within a 40km radius, with a predominant focus on sulphide ores.
All necessary permits for mining are secured across the CCP, bolstered by an established environmental monitoring network with a robust historical database.
TNC's operational strategy involves a phased approach to mine development, with plans to commence mining operations in 2024 and manage capacity ramp-up throughout 2025.
Cloncurry Operations Hub
The Cloncurry operations hub is strategically located to the CCP’s four open pit deposits including: Great Australia, Orphan Shear, Taipan and Wallace North.
The COH is located 2 kilometres from the township of Cloncurry and provides essential infrastructure, technical systems and support to all of TNC’s project operations. An active oxide heap leach and solvent extraction (SX) processing plant, mine buildings, site administration facilities, workshops, open pit mine facilities, onsite explosive magazines, site storage, water management systems and existing site power supply are located at the COH.
Cloncurry Copper Project – Project Economics
- Mining 4.8Mt of ore over an initial 4.6 year mine life, at a low strip ratio of 4.2, delivering 35kt copper and 29 koz gold contained metal (based on existing JORC reserves)
- Anticipated mine revenue of AU$367 million with free cash flow of AU$111 million, and a pre-tax NPV10 of AU$88 million, demonstrating strong operating economics at US$8,500/t copper price and US$1,850/oz gold price (0.7 AU$:USD exchange rate).
- Payback expected within six months post mining restart, driven by favourable commodity prices and low all-in sustaining cost (AISC) of US$2.65/lb copper.
- Low up front capex of AU$1.5 million leverages existing infrastructure, while peak operating expenditure is estimated at AU$2.2 million.
- Sulphide and oxide ore production – two copper products. copper sulphide (LoM approx. 90 percent) + copper sulphate (LoM approx. 10 percent).
- Mineral concentrate grade 22-26 percent copper (with gold/silver credits).
- Sulphide Ores more than88 percent expected recovery.
- Transitional Ores more than 77 percent expected recovery.
- Very low deleterious elements in mineral concentrate.
Cloncurry Copper Project – Exploration 2024
- CCP expansion and exploration focused on rapid copper-gold-ore source growth.
- With more than 80 prospects located within a 30-kilometre radius of the CCP, TNC is focused on significant expansion and the exploration potential for additional copper-gold-cobalt-silver mineralisation to be brought into the production fold including large-scale company transformative major discoveries.
- Thanks to our successful 2023 Exploration Program we have identified through a systematic approach, and analysis at a mineral system scale, the following new targets:
- Cloncurry Copper Project - eight new drill targets at Greater Australian and Copperhead in new Induced Polarisation.
- Salebury and Rocklands South - Compelling untested geophysical anomalies in historic data.
- Mt Norma- untested surface anomalies and down plunge resource extension targets on mining lease within 30 kilometres of the Cloncurry operations hub.
- Wynberg, Notlor, Marimo Trend and Tanbah limited historic exploration significant copper-gold in surface sampling and drilling, limited testing.
Figure: High priority exploration targets at the CCP
Figures above: Anomalies generated from TNCs 2023 induced polarisation program and structural analysis of the GAM Project.
Mt Oxide Project
The Mt Oxide project hosts the Vero resource of 15.98 Mt @ 1.43 percent copper(measured, indicated and inferred) a Mt Isa style sediment-hosted copper-silver-cobalt system. Analogues include Capricorn copper and Mt Isa copper.
The Vero resource at our Mt Oxide project is our next mine. We are focused on understanding this phenomenally mineralised system.
Mt Oxide’s Vero Resource 2023 exploration program returned outstanding and globally significant grades. The program included our 2023 maiden drilling program across the Vero resource and results showcased the expanding nature of the Vero high-grade ore body.
During 2024, TNC will be exploring multiple, exciting high-priority exploration targets along a 10 kilometres mineralised trend that hosts Vero.
We will also be delivering during 2024 the Vero Resource re-estimation and mining optimisation and feasibility studies.
Vero Resource maiden drilling program
In 2023, TNC completed an initial 12-hole diamond drilling program at Mt Oxide designed to confirm historical high-grade intersections and test the depth and strike extensions to the existing Vero Resource.
2023 Vero resource drilling highlights included (* = Estimated True Width):
MOXD217 returned phenomenal results that placed the drill hole in the top globally ranked copper drill holes of 2023 including :
- 66.50 metres (48.00 metres*) @ 4.95 percent copper, 32.7 g/t silver and 685 ppm cobaltfrom 234 metres.
- 11 metres (8.19 metres*) @ 3.06 percent copper, 34.2 g/t silver and 682 ppm cobalt from 357.50 metres.
- 8.55 metres (8.55 metres*) @ 6.16 percent copper, 45.9 g/t silver and 140 ppm cobalt from 172.50 metres.
MOXD221 intercepted a wide interval of high-grade shallow dipping mineralisation as well as a second deeper intercept, providing indications of rapidly increasing grade and widths of mineralisation to the south including:
- 42.10 metres (41 metres*) @ 1.66 percent copper, 13.5 g/t silver and 1,083 ppm cobalt from 154.90 metres.
- [including] 4 metres (2.24 metres*) @ 7.65 percent copper, 57.3 g/t silver and 1,164 ppm cobalt from 191.20 metres.
MOXD226A returned three key zones of strong mineralisation including a broad interval of 69.95 metres and further intervals of up to 11.19 percent copper.
Highlights include:
- 69.95 metres (42.85 metres*) @ 1.91percent copper, 17.7g/t silver and 675 ppm cobalt from 224.55 metres
- [including] 9.65 metres (5.89 metres*) @ 2.74 percent copper, 24.1g/t silver and 993 ppm cobalt from 239.50 metres
- [including] 18.15 metres (11.07 metres*) @ 3.23 percent copper, 26.8g/t silver and 585 ppm cobalt from 276.35 metres
- 16.75 metres (16.75 metres*) @ 5.30 percent copper, 44- g/t silver and 120 ppm cobalt from 165.25 metres
- [including] 4.65 metres (4.65 metres*) @ 11.19 percent copper, 93.9g/t silver and 136 ppm cobalt from 172.55 metres
Figure: Location of geological and grade composites as well as the updated interpretation of copper grade domains based on the results from MOXD226A
Mt Oxide Discovery Strategy
TNC is committed to unlocking Mt Oxide’s underexplored high-quality targets.
- Mt Oxide lies adjacent to a large crustal scale structure - the Mt Gordon Fault Zone. Splays off this structure (Dorman Fault) host Vero.
- Mt Oxide has evidence of large-scale fluid flow, big mineral system potential.
- Copper-silver-cobalt mineralisation interpreted to have been formed near surface and upper parts are preserved.
- Excellent depth potential of mineralisation in the Mt Oxide project.
- Limited systematic modern exploration outside of the Vero resource.
- Significant opportunity to apply leading-edge mineral exploration to build a larger copper inventory in a well-endowed mineral system.
- More than 10 kilometres trend along Dorman fault zone of intermittently outcropping gossanous / silica breccias, virtually no drilling, surface sampling or effective geophysics.
- Multiple untested targets with significant alteration-mineralisation footprints.
- No application of tried and tested geophysics or systematic surface rock chip geochemistry and mapping.
- Low cost highly effective exploration techniques to filter and prioritise drill targets.
Multiple exciting future exploration programs and high-priority potential targets along 10km long mineralised trend that hosts Vero including:
- Aquila & Mt Gordon
- Ivena North
- Camp Gossans
- Cave Creek
- Big Oxide
Figure: Multiple exciting future exploration programs and high-priority potential targets along the 10-kilometre long mineralised trend that hosts Vero resource’s Mt Oxide project.
A systematic rock chip sampling campaign at the Aquila and Ivena North prospects indicated strongly anomalous copper and pathfinder elements.
- Sampling at Aquila highlighted six zones of anomalous copper, cobalt and arsenic associated with multiple gossanous breccia structures up to 30 metres wide.
- Aquila B Trend: +180 metres long and +30 metres wide copper +/- cobalt-arsenic-silver within a 440 metres long fault breccia with visible copper oxide mineralisation. The trend includes rock chip channels returning 3.6 metres @ 0.49 percent copper with a peak assay of 0.94 percent copper.
- Aquila A Trend: +20 metres long and up to 12 metres wide copper-arsenic-antimony anomalous zone within +210 metres strike of hematite altered hydrothermal breccias, returning up to 0.05 percent copper and 12.7g/t silver and anomalous pathfinders.
- Aquila D Trend: +100 metres long and up to 4 metres wide copper-cobalt trend associated with a historical prospecting pit with strong copper oxide mineralisation, and a peak assay of 0.87 percent copper.
- At Ivena North, sampling has identified copper, cobalt & arsenic trends within two geochemically anomalous zones from multiple gossanous breccia structures that are up to 25 metres wide.
- Ivena North A Trend – +130 metres long and up to 15 metres wide copper-cobalt-aresenic trend within a +580 metres strike of hydrothermal breccia and gossans that returned assays up to 1.38 percent copper and anomalous arsenic +/- silver-antimony-bismuth-molybdenum.
Management Team
Ian McAleese - Executive Chairman
Ian McAleese worked as a mine geologist at Mt Isa, Jabiluka and Bougainville for 15 years before moving into copper concentrate marketing on Bougainville. On returning to Australia in 1987, he worked initially as a mining analyst and subsequently as a portfolio manager specialising on investment in mining companies for a number of large investment institutions. McAleese then returned to the mining industry in business development and investor relations roles for a number of coal mining companies, including Macarthur Coal and Whitehaven Coal. After retiring from Whitehaven Coal in late 2020, he joined Duke Exploration as a non-executive director just prior to the Duke Exploration IPO. In December 2022 he became the non-executive chair of True North Copper.
Bevan Jones - Managing Director
Bevan Jones is a seasoned operations officer offering nearly 30 years of experience in mine management across a diverse range of commodities and has a proven track record in directing business improvement initiatives and operational transformation. Jones’ previous roles include chief operating officer at Karora Resources (TSX:KRR), as well as general manager of Gold Fields Limited’s (JSE:GFI) St Ives Gold Mine in WA, where he executed transformative growth strategies and delivered exceptional operational results. Most recently, Jones was the managing director at Brisbane-based Extra Mining Solutions, where he played a leading role in establishing the company focusing on business transformation and operational excellence. Jones gained international operational experience as chief operating officer of BCM Group International in West Africa, general manager of the Wetar Copper Mine in Indonesia and general manager of the Hidden Valley Mine in Papua New Guinea, as well as mining manager of Barrick Gold’s Lumwana Copper Mine in Zambia.
Peter Brown - Chief Operating Officer
Peter Brown has held senior management roles in the resources sector, both domestically and internationally, including recent positions at Round Oak Minerals and Diatreme Resources where he oversaw project development and operations. Brown has diverse experience and an impressive track record that demonstrates his ability to successfully deliver projects and foster positive relationships with all project stakeholders.
He has managed discovery programs for gold, copper and chromite in South America, Japan, Vietnam and Indonesia, including government and community relations. He also drove improvements and provided training in mine geology, resource evaluation and mine technical services at prominent mines such as Mt Muro Gold Mine, George Fisher Mine and Peak Gold Mines. Additionally, Brown played a significant role in reviving abandoned satellite projects at Peak Gold Mines.
Other achievements include successfully re-permitting and constructing the 1-Moz Toka Tindung Gold Mine in Indonesia as director of Indonesian companies and general manager at Archipelago Resources; leading the permitting, engineering redesign and construction of the 0.8-Moz Mt Carlton Gold Mine in Queensland; the successful development of Mt Carlton and Pajingo projects, which contributed to the establishment of Evolution Mining; and recommissioning and developing several mining projects in the Mount Isa and Cloncurry region.
Sven Sewell - Sustainability & Net Zero Manager
Sven Sewell has over 25 years’ experience working in a range of environmental fields, including environmental consulting, environmental regulation and within the industry.
For the 15 years prior to joining TNC, Sewell held senior environmental positions at several operating mines across northern Australia. At those operations, he was generally the most senior environment, responsible for all aspects of permitting, compliance, rehabilitation and general environmental management. Sewell's experience in northern Australian mines includes several new and established gold, uranium and bauxite operations.
Sewell holds a BSc (with honours) in environmental science.
Mark Brown - General Manager, Cloncurry Operations
With more than 30 years of domestic and international mining industry experience, Mark Brown offers a comprehensive skill set grounded in practical resource sector execution and invaluable leadership experience. His career journey has been marked by a commitment to safety, operational excellence, and fostering positive work cultures.
Brown has held a variety of senior leadership operational roles throughout his career, overseeing various aspects of mining operations. He has extensive experience across all mining regulatory and compliance aspects and has expertise in health and safety management including emergency response, crisis management, contractor management, and comprehensive incident investigations.
Michelle Ellis - Cloncurry Projects Exploration Manager
Michelle Ellis retains over 15 years’ mineral exploration, resource and mining experience predominantly in iron-oxide-copper-gold deposits and terrains across South Australia and Northwest Queensland.
Over the past 11 years, she has actively explored a range of commodities and deposit styles throughout the Mount Isa Inlier.
Ellis has an MSc in economic geology, MSc in environmental management and BSc in applied science - geoscience, and is a member of the Australasian Institute of Mining and Metallurgy.
Rhonda Freeman - Group Manager (Human Resources)
Rhonda Freeman has more than 18 years’ experience attracting top talent, fostering employee development and helping organisations develop safe and supportive work environments. She has worked extensively across the resource sector, including for large national-wide drilling companies.
Freeman has worked for mining companies across a variety of geological settings including brown coal, black coal, uranium, mineral sands and oil & gas. She brings a diverse skill set specific to the resource sector, having worked across all commercial aspects of drilling operations including as an exploration manager.
High Grade Shallow Resource to Unlock Value at Burns Central
Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX:LEX) is pleased to provide an update to the Resource Estimate (MRE) for the Burns Central prospect located in the Eastern Goldfields of Western Australia. The update is based on the original MRE statement (refer ASX release 4 May 2023) which was prepared by consultant, Mr Chris Grove, of Measured Group Pty Ltd in accordance with JORC 2012 guidelines.
HIGHLIGHTS
- A significant shallow high-grade Au zone has been delineated within the existing Burns Central Mineral Resource Estimate (MRE).
- The Burns high grade zone totals 4.22Mt @ 1.18 g/t Au for 15G,285 contained ounces (applying a 0.5g/t Au cut-off grade) which includes:
- 46,538 oz of gold (Au) in oxide,
- 8,154 oz gold (Au) in transitional; and
- 104,5G3 oz gold (Au) in fresh rock
- Burns Central displays a consistent high-grade corridor extending over 650m strike length, and open to the northeast and southwest, with significant previously reported intersections including:
- 61m@ 2.G6 g/t Au (from 120m), including 37m @ 4.23 g/t Au (from 126m) in LEFR320
- 3Gm @ 3.87 g/t Au (from 26m) in LRR003; and
- 30m @ 2.43 g/t Au (from 27m), including 17m @ 3.G g/t (from 38m) in LRR004
- The MRE is drilled to G8% Indicated status and 2% Inferred for gold, with 34% of the gold resource contained within oxide and transitional material.
- The deposit is contained within a well-defined structural control with additional targets located along-strike.
- The Company is in the final stages of preparing an MRE update for the Mt Martin deposit located elsewhere on its tenure.
LEFROY CEO GRAEME GRIBBIN, COMMENTED:
“We are pleased to be revisiting the deposits across our tenure to update the diverse Lefroy Resource base and unlock the value of our landholding. “The reporting of the Company’s maiden MRE at Burns Central in May 2023 demonstrated the expansive size and potential of the Au and Cu system at Burns. Applying a higher grade (0.5g/t) Au cut-off to the existing resource, we have now been able to demonstrate the significance high-grade gold potential of the Burns Central resource, with this higher-grading zone containing 15S,000 near surface ounces grading 1.18g/t Au.
“The definition of this structurally controlled, shallow, high-grade core at Burns Central represents a remarkable opportunity for the Company to explore for and grow its existing portfolio of shallow mineral resources, currently totaling 1.1Million ounces.”
AN EVOLVING BURNS RESOURCE STORY
The Burns Central Deposit forms part of the Burns Gold-Copper Project (‘Burns’ or ‘Project’), 70km southeast of Kalgoorlie in the highly prospective Kalgoorlie Terrane of Western Australia. Burns is located within the broader Lefroy Gold Project, proximal to the St Ives gold camp (Gold Fields Ltd JSE: GFI) and the Daisy Milano and Mt Monger gold operations (Red 5 Limited ASX: RED).
The previously reported mineral resource estimate (MRE) at Burns Central (refer ASX release 4 May 2024) consisted of two volumes: "Min Enriched" for near-surface oxide and saprock enrichment, and "Min" for fresh rock sulphide mineralisation. Applying a nominal 0.1 cut-off value for each metal, this reported a total MRE of 42.95 million tonnes grading 0.36g/t Au and 0.14 % Cu.
REALISING VALUE WITH BURNS HIGH-GRADE CORRIDOR
In keeping with Lefroy’s focus to progress and commercialise the Company’s portfolio of shallow advanced gold deposits (refer ASX release 27 March 2024) an internal review of the high-grade potential of the Burns Central resource has now been completed.
The Company is pleased to report that a significant high-grade zone has been delineated within the existing Burns Central MRE. Reporting only blocks within 200m of surface and applying a cut-off grade of 0.5 g/t Au, this zone reports 4.22Mt @ 1.18 g/t Au for 15G,285 contained ounces (Table 1), reported across oxide, transitional and fresh mineralisation categories.
Significantly, this high-grade zone is reported at over 98% Indicated resource classification, with combined oxide and transitional material representing over 34% of the total resource.
Furthermore, the contained gold ounces (159,285 oz) within this recently calculated high grading central core represents 32% of the entire gold ounces (497,472 oz) reported in the May 2023 original MRE. Expressed differently, 32% of the contained gold ounces at Burns Central are contained within 10% of the defined tonnes (159,258 oz within 4.2Mt versus 497,472 oz within 42.95Mt).
Click here for the full ASX Release
This article includes content from Lefroy Exploration Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Supply Chains Disrupted as US East and Gulf Coast Ports Face Worker Strike
A large-scale dockworkers' strike has commenced at major ports along the East and Gulf coasts in the US, halting container traffic and disrupting a significant portion of the nation’s trade.
The walkout, initiated by members of the International Longshoremen's Association (ILA) early on Tuesday (October 1), is expected to impact US imports and exports, and could send ripple effects through global supply chains.
According to Bloomberg, ports from Maine to Texas have effectively ceased operations as a result of stalled negotiations between the ILA and the US Maritime Alliance (USMX) after months of discussions.
The ILA, which represents approximately 45,000 dockworkers, is demanding better wages and a rollback of provisions on port automation. Primary points of contention between the parties center around the automation of port terminals, which the union argues threatens job security for its members.
ILA President Harold Daggett has been vocal in opposing automation, stating that workers should not bear the burden of technological advancements that could lead to job losses.
“We are prepared to fight as long as necessary, to stay out on strike for whatever period of time it takes,” he said.
The union is also seeking higher wages and better working conditions in the face of inflation and rising living costs.
The strike affects 14 major ports that handle roughly half of all US containerized trade, making it one of the largest recent disruptions to US port operations. Additionally, it's the first major strike of its kind in almost five decades.
While the USMX has proposed wage increases and enhancements to worker benefits, including contributions to pension plans and healthcare options, the union has rejected these offers, calling for more substantial increases in pay and greater protections against the introduction of automated technologies in port operations.
The strike follows months of warnings from the union, which had threatened to take action if no deal was reached by the Monday (September 30) deadline.
White House intervention potentially on the table
The Biden administration has been closely monitoring the situation, but has not yet intervened.
President Joe Biden, known for his pro-union stance, has refrained from invoking the Taft-Hartley Act, a federal law that would allow him to order the striking workers back to their jobs for an 80 day cooling-off period.
While the government has encouraged both sides to return to the negotiating table, there has been no direct involvement in the labor dispute so far. Some business groups, including the US Chamber of Commerce, have called on the president to take action, citing the potential damage to the economy.
Suzanne Clark, CEO of the chamber, expressed concerns about the economic fallout, stating that "it would be unconscionable to allow a contract dispute to inflict such a shock to our economy."
The immediate impact will be felt in industries that rely heavily on imported goods, such as retail, manufacturing and automotive. The pharmaceutical and electronics sectors are also likely to feel the effects of the action.
Retailers in particular are bracing for potential shortages of goods, especially as the holiday shopping season approaches. Aside from that, it's possible that the strike could have a knock-on effect on international trade as goods destined for US markets are delayed or rerouted through other ports.
The economic cost of the strike could reach as much as US$4.5 billion per week, depending on the duration. A week-long strike could take up to a month to recover from, with cascading delays in the shipping industry. Some experts predict that the strike could last for several weeks if negotiations remain stalled.
As the strike enters its second day, attention is focused on whether the White House will step in to prevent further disruptions. For now, both the union and port operators appear entrenched in their positions.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Jeffreys Find Gold Mine. Second Toll Milling Campaign Completed. 6,295 Ounces Produced; Gold Sales Total $23.5M.
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce reconciliation of the second gold milling campaign for 2024 from the Jeffreys Find Gold Mine (the Project), near Norseman, WA. This campaign ran for 42 days, beginning on 24 July 2024 and finishing on 4 September 2024.
HIGHLIGHTS
- The second toll milling campaign for 2024 has been completed.
- 6,295 ounces of gold produced from 128,000 tonnes milled.
- Gold sales for this campaign total $23.5 Million.
- Highest sale price at AUD$3,859 per ounce.
- Average sale price at AUD$3,731 per ounce.
- Auric has received initial surplus cash distribution of $2.0 Million.
MANAGEMENT COMMENT
Managing Director, Mark English, said: “We are in the sweetest possible place with the mining of Jeffreys Find.
“Total production for the year has passed 7,500 ounces. Another toll milling campaign is scheduled for the end of November. It will be a mighty run home for Auric as the project draws to conclusion.
“Whilst the campaign processed lower tonnes than expected, the gross revenue was higher due to the extraordinary gold price.
“The reconciled yield of 1.65 g/t was marginally below expectation but the recovery of 93.2% was excellent.
“BML has a contract with Greenfields for 300,000 tonnes to be processed so it won’t be long before milling starts again. We are anticipating a further 142,000 tonnes to be processed in 2024 and early into 2025 at Greenfields.
“Jeffreys Find will produce substantial cash for Auric. It has been an outstanding investment,” said Mr English.
Photo: The Jeffreys Find Pit; 30 September 2024.
Through Auric’s joint venture partner BML Ventures Pty Ltd of Kalgoorlie (BML) a total of 127,610 dry metric tonnes was processed by The Greenfields Mill at Coolgardie (Greenfields or Mill) with a reconciled recovery of 93.2%.
A total of 6,295 ounces of gold was recovered at a reconciled head grade of 1.65 g/t.
Gold sales amounted to $23.48 Million for the campaign with an average gold price of AUD$3,731 per ounce. The highest gold price achieved during the campaign was AUD$3,859 per ounce.
Stage Two of mining in 2024 has now produced 7,551 ounces of gold with total gold sales to date of $27.95 Million.
Click here for the full ASX Release
This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
Digging for Votes: BC NDP and Conservatives Tout Mining Platforms
BC's mineral exploration and mining sector contributes C$7.3 billion to the province's GDP, and according to the Mining Association of BC (MABC) critical minerals extraction could grow that amount significantly.
To unlock this value, the NDP and Conservative parties agree that mine permitting and development need to be streamlined and fast tracked to benefit BC, as well as national energy transition ambitions.
“Northwest BC has the critical minerals that are in high demand worldwide, giving us a huge advantage in the global movement to a clean economy,” said NDP Premier David Eby. “Our plan will get mining projects moving that grow BC’s economy, create good jobs across the Northwest, and benefit communities directly.”
To achieve this, the NDP wants to boost the province's critical minerals sector while maintaining high environmental, safety and Indigenous partnership standards, Eby said during a September 24 campaign stop.
His party's plan includes setting clear timelines for permit reviews on priority projects with support from the newly established Critical Minerals Office, which will also coordinate with the federal government to reduce bureaucratic hurdles and enhance First Nations engagement. The NDP also proposes to introduce union-led training programs, expand the clean energy electricity grid and fund infrastructure upgrades in the northwest.
Additionally, Eby has promised that resource development will bring lasting benefits to local communities through the Resource Benefits Alliance and expanded revenue-sharing and equity opportunities for First Nations.
“For too long, communities across BC’s Northwest saw the impacts of resource projects — like more wear and tear on roads and highways, increased demand on local services–but they weren’t seeing enough of the benefits,” Eby noted.
“We took action to change that. We’re investing money directly back into infrastructure communities like Terrace and Vanderhoof while building up the economy.”
BC's current critical minerals strategy
Most of the themes outlined in the NDP's non-costed platform are in line with the first phase of the province’s Critical Mineral Strategy, which was released by Eby’s government in January.
Independent of the national initiative, which identifies 31 critical minerals vital to the country’s energy transition ambitions and economic future, the provincial strategy aims to position BC to benefit from its geological makeup.
Of Canada’s 31 critical minerals, BC holds reserves of 16. Notably, the province produces 50 percent of the nation’s annual copper output and accounts for 100 percent of its molybdenum mining.
Copper and molybdenum are both considered critical minerals, as are magnesium and zinc, which BC also produces. At the moment exploration is ongoing in the province for seven more critical minerals, including nickel, cobalt, graphite and vanadium, which are essential for technology applications and the energy transition.
Phase 1 of the BC strategy includes creating a Critical Minerals Project Advancement Office, developing a minerals atlas for exploration and collaborating with First Nations on infrastructure projects like the North Coast Transmission Line.
The strategy also focuses on maintaining high environmental standards through initiatives like the Energy and Mines Digital Trust project, along with enhancing transparency.
Conservatives take issue with NDP's mining approach
BC Conservative Party leader John Rustad took aim at the NDP’s resource industry track record in a September 24 press release that also outlines his party's plans for the mining sector.
“The mining and mineral exploration industry, a cornerstone of British Columbia’s economy, has been stifled by increased regulatory burdens, inefficiencies in permitting, and a lack of rural infrastructure investment under the leadership of David Eby’s government,” the statement reads, highlighting the NDP's "excessive red tape."
It goes on to point to permitting delays, regulatory overreach, lack of infrastructure investment and uncertainty in Indigenous consultation as challenges hampering the sector under the current provincial government.
To address some of the outlined issues, the Conservatives are proposing to streamline the permitting process and reduce regulatory burdens. The party also wants to hold companies accountable for site cleaning and remediation, and make investments in critical infrastructure. Its other goals are to pursue economic reconciliation with Indigenous communities, provide competitive tax incentives and position BC mining at a global level.
“British Columbia should be a global mining superpower,” said Rustad. “But under the NDP, we’ve missed critical opportunities. The Conservative Party will reinvigorate the industry, create jobs, and ensure that rural BC and its communities thrive once again.”
Mining industry reacts to NDP and Conservative platforms
Responding to the release of both platforms from BC's leading political parties, Michael Goehring, president and CEO of MABC, underscored the need for the government to support the mining sector.
“The provincial election presents a pivotal moment for British Columbia’s political parties to champion the essential role of BC’s mining sector in the future of our province,” he said. “Commitments to streamline the permitting process for critical minerals projects are not just welcome — they are crucial.”
Goehring went on to acknowledge that the overviews presented address issues his organization has championed over the years. “Both main parties clearly understand BC’s critical minerals potential. As representatives of the mining sector, MABC will be there to ensure they follow through on their commitments,” he said.
“Together, we can create a streamlined and efficient permitting process that fast-tracks project approval, advances economic reconciliation and partnerships with First Nations, while maintaining BC’s world-leading environmental protections. It’s a win for the entire province, and the time to act is now," Goehring added.
The Association for Mineral Exploration also issued a statement following the release of the NDP and Conservative platforms. In it, President and CEO Keerit Jutla emphasized the importance of greenfield mineral exploration.
He warned that without a focus on exploration, the foundation of BC's critical minerals future could be undermined. While encouraged by the NDP and Conservative parties' pledge to streamline permitting process, Jutla took issue with a perceived lack of exploration support in the NDP's plan.
“The BC NDP’s mining platform, while commendable, falls short by not explicitly supporting the indispensable role of mineral exploration,” he said. “We urge all political parties to integrate a comprehensive approach to mining that includes robust exploration initiatives to support a thriving mining sector in BC.”
According to a 2024 MABC study on the economic impact of critical minerals in BC, more than 1,100 publicly listed exploration companies are based in Metro Vancouver. There are currently 17 proposed critical minerals mines in development stages, representing significant near-term investment, employment and tax revenue.
Voting in BC’s 2024 provincial election will conclude on October 19.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
AI: The New Safety Inspectors for Mining Equipment
The mining industry, known for its complexity and operational challenges, requires stringent safety measures to ensure both the safety of its workforce and the efficient operation of heavy machinery.
From trucks and drills to conveyors and crushers, mining equipment is subject to constant wear and tear. Traditionally, manual inspections have been the standard, but these are time-consuming, prone to human error, and offer limited real-time insight. Enter Artificial Intelligence (AI)—a game-changer for enhancing safety inspections across mining operations.
Enhancing Paperless Mining Equipment Inspections with AI
AI is transforming the way safety inspections are conducted in mining, allowing operators to not only streamline processes but also improve accuracy and safety.
Here’s how AI is reshaping mining safety:
1. Image Analysis and Defect Detection
AI-powered image recognition can analyse high-resolution images of mining equipment such as haul trucks, excavators, and drills to detect cracks, corrosion, leaks, and other mechanical defects that may be overlooked by human inspectors. This technology enhances the accuracy and consistency of inspections, particularly in rugged and hazardous environments where frequent manual checks are difficult.
2. Predictive Maintenance
By analysing historical data from previous equipment inspections, AI can predict when machinery components are likely to fail. This predictive maintenance model reduces unexpected downtime and ensures that critical mining equipment operates smoothly. It also allows companies to schedule repairs before a major failure occurs, thereby enhancing the overall safety and productivity of the mine.
3. Real-Time Monitoring
AI can integrate with IoT (Internet of Things) sensors on mining equipment to provide real-time data on various performance metrics, such as engine temperature, hydraulic pressure, and machine load. By analysing this data, AI can detect anomalies early, helping to prevent breakdowns and accidents that can jeopardize worker safety.
4. Automated Reporting
AI can generate detailed and automated inspection reports, complete with images of any detected issues, suggested corrective actions, and compliance notes. This not only saves time but also eliminates the risk of human error in documentation, ensuring that safety protocols are accurately followed and tracked.
5. Risk Assessment
AI evaluates multiple factors, such as equipment usage patterns, age, wear and tear, and operating conditions, to generate risk scores for individual pieces of machinery. This helps prioritize maintenance efforts on the most vulnerable equipment, ensuring resources are allocated effectively to maintain a safe working environment.
6. Compliance Management
Mining operations must adhere to strict safety regulations and industry standards (e.g., MSHA, ISO). AI helps automate compliance checks and generates comprehensive, audit-ready reports that ensure your mining equipment meets all safety standards without the need for manual verification.
Benefits of AI-Enhanced Mining Equipment Inspections
1. Improved Safety
By identifying potential equipment failures early, AI helps reduce the risk of accidents that could endanger miners and cause costly operational delays. This proactive approach to safety ensures that any machinery defects are addressed promptly, safeguarding the well-being of workers in hazardous environments.
2. Increased Efficiency
Automating data collection, analysis, and reporting streamlines the inspection process, freeing up operators and safety personnel to focus on other critical tasks. With AI, mining operations can maintain optimal safety levels while simultaneously improving operational efficiency.
3. Enhanced Decision-Making
AI provides real-time insights and predictive analytics, allowing for more informed decisions about equipment maintenance and safety protocols. Mining operators can rely on AI data to schedule repairs or replacements, reducing downtime and improving the longevity of equipment.
4. Better Compliance
Ensuring compliance with mining safety regulations is a time-consuming task, but AI makes it easier by automating checks and generating reports that can be readily shared with regulatory bodies. This reduces the administrative burden on safety managers while ensuring all machinery complies with necessary standards.
5. Cost Reduction
Mining operations can see significant cost savings by reducing downtime, minimizing the risk of accidents, and optimizing maintenance schedules. With AI-driven inspections, mines can avoid costly repairs, equipment replacements, and regulatory fines.
Challenges and Considerations
While AI offers numerous advantages for mining equipment inspections, it is not intended to fully replace human inspectors. Challenges such as data quality, algorithm bias, and cybersecurity concerns need to be addressed. Additionally, a skilled workforce is necessary to oversee the implementation and management of AI technologies within mining operations.
Conclusion
By adopting AI, the mining industry can elevate safety standards, protect workers, and ensure equipment reliability. The future of mining safety inspections lies in the intelligent collaboration between cutting-edge technology and human expertise. This partnership between AI and human oversight can lead to safer, more efficient, and cost-effective mining operations.
Hear more from
Naaman Shibi
Paperless Solutions Expert
Pervidi Paperless Solutions
Exploration ground truths point to future innovation path
The key to maximising the value of high-quality real-time data acquisition and processing is AI
Technological innovation is the cornerstone of human progress. At their best the foundational technologies of the modern world – such as the global internet, digital technologies, space travel, clean energy, and AI – fill me with a belief that hard problems are not permanent fixtures in time and space.
They are mutable barriers humanity must overcome to build a brighter future for our planet.
We now face a paradox on the road to net zero: delivering the minerals needed to fuel the global adoption of clean energy technologies depends on the rate of new mineral discoveries. That makes the global mining industry not only an essential partner on the road to net zero but elevates the complexity and structural obstacles involved in modern exploration as critical problems that must be solved to achieve climate progress.
Innovators in this field need a reality check: mineral exploration is a balancing act of constantly shifting macro-level conditions (market pressures, investment cycles, shifts in exploration strategy, regulation, budgets, and price volatility etc).
This means every exploration company faces unique operating conditions that are either enabling their progress, slowing it down, or forcing it into stasis. However, when you examine the challenges of explorers on the ground and how they compound across the exploration lifecycle, a clear innovation path starts to emerge.
At the project level implementing a strategy in highly remote and rugged environments with incomplete datasets and changing budgets can be a real struggle. Exploration teams are often being pulled in several directions at once while managing the planning, logistics, data interpretation, strategy modification, and budget for each stage of their program.
Add the complexity of integrating vast amounts of data of various types and quality – each with their own weighted significance for the specific project – while reducing human bias in the analysis represent incredibly time and cost-intensive steps for exploration teams.
This is a significant contributor to why it takes up to 16.5 years to identify and operationalise a new mine (according to the International Energy Agency).
When I survey the technology landscape of the world today there are some very specific capabilities that can address these fundamental challenges in the exploration workflow.
Satellite connectivity, for real-time exploration data collection and processing. High-quality and scale invariant 3D multiphysics data, for streamlined integration of diverse 3D and 2D exploration datasets. Multimodal and multiscale artificial intelligence (AI) to radically narrow the exploration search space, enhance data-driven decision-making, while also de-risking and identifying new opportunities faster.
Expecting major or early-stage explorers to cultivate the expertise and resources needed to develop and integrate these technologies is unreasonable: their focus is and needs to stay fixed on discovery. They also don’t need multiple new technology providers and software to build into their planning cycle and strategy, adding more complexity.
The real-time and predictive capabilities enabled by advanced satellite connectivity, real-time multi-physics data acquisition, and AI must be combined into a plug-and-play technology stack that can be deployed rapidly at any stage of the exploration journey with minimal environmental impact. This represents more than just profound gains in efficiency at every level of exploration. It represents a unification of the end-to-end exploration journey, enabling data-driven learning in exploration on a previously unimaginable scale.
The key to maximising the value of high-quality real-time data acquisition and processing is AI. By linking a continuous feed of high-quality exploration data to custom multi-scale, multimodal AI models, the onsite teams working on the frontlines of exploration today can integrate and interpret vast amounts of data, challenge hypotheses, and arrive at actionable decision points faster. This creates shorter and more insightful learning cycles, strengthening a positive feedback loop of enhanced decision making at every stage of the exploration journey.
Looking at the arc of mining innovation before us, I see a deeper integration of these technologies across the global exploration value chain.
As we continue to strive for a net-zero future the operational challenges involved with mineral discovery can no longer be viewed as isolated hurdles. They must be addressed through a unified technological approach that empowers exploration teams with real-time data, AI-driven insights, and streamlined workflows, enabling them to deploy resources towards opportunities faster, with enhanced precision, while minimising environmental impact.
Instead of accepting complexity and operational headwinds as table stakes, we must view them as opportunities to drive down the time and costs involved between each step of the exploration journey using the latest wave of innovation in space, 3D multi-physics integration and AI.
With this approach we can meaningfully reduce the time to discovery, unlock sustainability across the mining lifecycle and set the industry up for a renaissance in data-driven exploration. Then, as mineral supply and demand equalises, clean energy technologies scale, and the inputs needed for the advanced technologies of the future are secured, the critical role of our industry will come into focus as the foundation of the clean energy future we aim to build.
The convening power of IMARC drives the future of the global mining value chain into the present.
IMARC’s invaluable role in forming a shared understanding of the challenges we face, opportunities for collaboration, and solutions that can move the industry forward, is critical to the progress we work tirelessly to achieve. We look forward to seeing you there!
*Flavia Tata Nardini, co-founder and CEO of Fleet Space Technologies, is a keynote speaker at IMARC 2024 in Sydney, Australia, from October 29-31.
Hear more from
Flavia Tata Nardini
Chief Executive Officer and Co-Founder
Fleet Space Technologies
Latest News
True North Copper Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Latest Press Releases
Related News
TOP STOCKS
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.