METS

Orefox secures funding for AI copper search

Partnership to drive Queensland exploration

 The Orefox team collaborating in Queensland

The Orefox team collaborating in Queensland

Orefox secured a share of A$1 million funding through the Queensland mining equipment, technology and services collaborative projects fund, delivered by METS Ignited and the Queensland government.

METS Ignited CEO Adrian Beer said it was driving collaborative projects to accelerate commercial outcomes for the economy and promote collaboration opportunities as part of a long-term strategy for growth.

"We are backing projects using technologies such as sensors, data analytics, machine learning, optimised x-rays, and solar energy that result in improvements in productivity, efficiency, safety and sustainability," he said.

QMines has started exploration activities across the Mt Chalmers project since acquiring the tenement from Traprock Resources, with the company reporting a resource of 73,000 tonnes of contained copper.

Discovered in 1860, the mine was originally worked for gold until copper was unearthed in 1898.

The partnership will use artificial intelligence technology to gain further knowledge of the Mt Chalmers deposit and other promising prospective sites around the historic mine, with QMines hoping to uncover further critical minerals to accelerate development.

As part of the project a comprehensive multi-element geochemical sampling program will be conducted, with data to be processed by OreFox through its machine and deep learning systems to gain further insights.

OreFox CEO Warwick Anderson said the project had the potential to increase exploration activity in Queensland, particularly for new economy minerals and could be applied to numerous other historical mines and deposits.

"The partnership between OreFox, is anticipated to bring more regional jobs to Queensland and aid Queensland exploration frontiers," he said.

"If we can prove the value of this project, then that opens the door to a significant export market for the processes we are developing."

Beer said the project was a great example of how AI and data science technologies could be harnessed to improve exploration and unlock the economic benefits of a historical mine site.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.