NextOre has expanded its private funding round to $2.5 million which will be used to ramp up manufacturing and sales of its flagship bulk ore sorting sensor system. NextOre announces the expansion of its $2.0 million fundraising, first announced in July 2019, to $2.5 million marking the completion of this funding round. This disruptive technology in the mining space represents…
Nextore has received recognition for their breakthrough magnetic resonance technology – grade detection system to mobile mining machinery, through being awarded a $1.07million grant through the Physical Sciences Fund from the NSW Office of the Chief Scientist & Engineer. The Physical Sciences Fund (“PSF”) is a competitive development and commercialisation program for technological innovation in NSW. The PSF aims to…
RFC Ambrian executive, Chris Vinson notes that with the right conditions “start and scale-up businesses can deliver significant contributions to the industry”. Chris participated in the Mining Beacon webinar held in September 2019 and observed, there were inherent challenges to finding the right partnerships “If you are a venture capital firm, you have return thresholds to meet” In the Australian…
Reflecting on the Copper Price Cycle – How Good Are Consensus Forecast Where we are in the commodity price cycle is one of the most often discussed and relevant questions for the industry and in this Issue of The Alchemist we consider the copper price movements since January 2016 in order to evaluate the usefulness of the methodology outlined in…
This is the sixth and final document by RFC Ambrian in our recent series of reports on innovation and new technology in the mining industry. In this report we attempt to capture some of the projects being implemented in the mineral exploration field, although in this area, as in some other areas, we find that much of today’s innovation is…
