Minnovare Mining and Civil was founded just over three years ago by tech-entrepreneur Mike Ayris, mechanical engineer Callum McCracken, and finance manager Michael Beilby. The business developing and marketing the Azimuth Aligner has won the backing of Jolimont Global Mining Systems and Viburnum Funds, the former a serial investor in what it sees as high-growth mining equipment, technology and services (METS) companies.
Viburnum is a Western Australian PE investment manager with Australian and US investors.
Minnovare wants to build the pace of its international growth.
Launched early in 2012, the Azimuth Aligner is described by its developers as a "critical enabling technology for the introduction of autonomous, semi-autonomous and remotely operated rigs", enabling current operators to achieve correct drill orientation in up to 90% less time than conventional manual alignment methods.
