News provided by Fleet Space
Oct 02, 2024
ADELAIDE, Australia, Oct. 2, 2024 /CNW/ -- Fleet Space Technologies, Australia's leading space exploration company, today announced plans to deploy its end-to-end mineral exploration solution, ExoSphere, to enhance Gold Fields' data-driven exploration and development of their Salares Norte project in Northern Chile. ExoSphere will be used to generate 3D subsurface imaging of the Brecha Principal and Agua Amarga resource areas and surrounds with the aim to drive new insights and understandings about the mineral system and its structural setting. Additionally, the survey will be used to identify new exploration targets in the near field of the BP-AA system.
"Fleet Space and Gold Fields share a vision of applying the powerful capabilities enabled by advanced satellite connectivity, 3D multiphysics, and AI to unify the end-to-end exploration journey and deliver more sustainable outcomes at scale on the path to discovery," said Flavia Tata Nardini, Co-Founder & CEO of Fleet Space Technologies. "We are proud to deploy ExoSphere to further Gold Fields' data-driven exploration and ESG targets, reinforcing their position on the forefront of innovation and supporting the development of their world-class operation in Chile."
Home to the Brecha Principal deposit and Agua Amarga resource, Salares Norte is located on the Maricunga Belt in the Andes Mountains between 3,900–4,700 meters above sea level in the Atacama region of Northern Chile. In March 2024, first gold was poured, marking a significant milestone and technical achievement for the project. Due to the remote location, challenging terrain and harsh seasonal conditions, Gold Fields has had to develop innovative strategies and engage new technologies to enhance their exploration activities whilst maintaining a low environmental footprint. Gold Fields was an early adopter of Fleet Space's end-to-end solution, ExoSphere, at its St. Ives operation in Australia. Based on these results and the near-zero surface impact of Fleet Space's smart seismic sensors (called Geodes), the application of ExoSphere at Salares Norte was a logical step to provide low-impact, rapid 3D subsurface imaging.
"In the field of mineral exploration, ExoSphere has delivered the world's largest real-time ANT survey in Australia's Macquarie Arc and now the world's highest real-time ANT survey on Chile's Maricunga Belt - radically scaling the mining industry's capacity to enhance mineral systems knowledge of highly remote opportunity zones across vast distances and at unprecedented altitudes, while minimising environmental impact," added Fleet Space CEO, Flavia Tata Nardini. "We look forward to partnering with the dynamic Chilean mining industry to unlock next-level insights and sustainability benefits across their exploration value chain."
The architecture underlying ExoSphere integrates the latest advances in satellite connectivity, 3D multiphysics and AI into a single end-to-end solution. Fleet Space's satellite network in low Earth orbit, smart seismic sensors with edge computing, and rapid data processing enable ExoSphere to deliver real-time 3D mapping of mineral systems and AI-powered targeting recommendations with near-zero environmental impact. By unifying the data acquisition, processing, integration, and targeting steps of the end-to-end exploration journey, ExoSphere makes exploration more dynamic and precise by giving remote onsite teams real-time access to actionable insights. This radically streamlines data operations, enhances the quality and speed of onsite decision making, while also reducing environmental footprint at scale.
For the real-time, predictive capabilities and sustainability benefits ExoSphere has unlocked for the global exploration industry, Fleet Space was recognised at the Banksia Foundation's 35th National Sustainability Awards as winner of the Climate Technology Impact Award for 2024. Global adoption of ExoSphere has also propelled Fleet Space's exponential growth over the past year, which included a A$50 million Series C, a doubling in valuation to A350$ million, and recognition as Australia's fastest growing company.
About Fleet Space Technologies
Fleet Space Technologies, Australia's leading space exploration company, is revolutionizing critical mineral discovery with its end-to-end mineral exploration solution, ExoSphere, which combines satellite connectivity, 3D multiphysics, and AI to image mineral systems in real-time. Over 40 leading exploration companies like Rio Tinto, Barrick Gold, and Core Lithium have used ExoSphere to conduct real-time surveys across five continents. Due to global demand for ExoSphere, Fleet Space's international footprint has expanded to the US, Canada, Chile, and Luxembourg with over 130+ employees worldwide. Fleet Space was named "Australia's Fastest Growing Company" by the Australian Financial Review in 2023 and recognized with the Climate Impact Technology Award by the Banksia Foundation in 2024. Reach out here to learn more about ExoSphere and speak with the Fleet Space team.
SOURCE Fleet Space
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