NextOre raises $2.0 million in private funding

MRead is a joint venture between CSIRO and RFC Ambrian, formed to commercialise unique Magnetic Resonance (MR)based technology that can accurately detect hidden bulk explosives and drugs. MRead is building new to world detection capabilities for humanitarian demining and other security applications. MRead’s first product under development is a handheld sensor for detecting landmines. Currently clearance methods use metal detectors to find the metal firing pin in plastic cased landmines, however they also find excessive amounts of metal clutter which are slowly excavated. MRead’s technology avoids this issue, promising to dramatically improve the safety and speed of landmine clearance.

Chrysos’s unique, patented Chrysos PhotonAssayTM technology was developed over the past 15 years by the CSIRO. It delivers faster, safer, and more accurate gold analysis and is an environmentally-friendly replacement for fire assay on-site and in the laboratory. This timely information supports rapid decision making, improving efficiency, recovery and profitability without laborious, error-prone sample preparation or hazardous chemical treatment.

www.chrysos.com.au

NextOre’s Magnetic Resonance (MR) ore sorting technology provides real-time, whole-of-grade analysis to unlock the potential of bulk ore sensing and sorting in the global copper industry. Originally developed by the CSIRO, the patented technology is a breakthrough in mineral sensing for speed, accuracy, and sample penetration. With multiple deployments and a significant R&D pipeline for additional sensor applications, NextOre is following in the successful footsteps of Chrysos.

www.nextore.com.au

CopperTech is set to become a project developer and producer by implementing a disruptive technology which upgrades copper ore prior to processing. The company has rights to Magnetic Resonance Bulk Ore Sorting Technology developed by CSIRO which it can use to significantly improve the economics of otherwise sub-economic copper deposits.

CMA is bringing a variety of innovative belt conveyor solutions to market which fundamentally enhance the safety of both underground and overland bulk material handling operations. By rethinking conveyors from the ground up, CMA is able reclaim non-productive time, reduce installation time, and minimise lost equipment in mining and civil/tunnelling applications, all at a net saving to customers.

www.cmacv.com

Wave Swell Energy Ltd has developed a world-leading proprietary technology that converts ocean wave energy into clean and emissions-free electricity, which can be transmitted to shore or used to power an onboard- or shoreline-located desalination facility. Under development is a 1MW wave energy project, which has been demonstrated in the ocean off the west coast of King Island, Tasmania.

Lykos Metals Limited owns 100% of three projects located in Republika Srpska, Bosnia and Herzegovina. The projects have a history of high-grade minerals discovery and extraction and are prospective for nickel, copper, cobalt, precious metals and potentially also lithium and REE. The company’s board and management team have key relationships in the Balkans, backed up with extensive technical, corporate and legal experience.

www.lykosmetals.com