Revolutionizing Copper Exploration with Fleet Space's ExoSphere
July 13, 2024, 3:46 am
Location: United States, New York
Employees: 10001+
Founded date: 2002
Total raised: $500M
In the vast expanse of mineral exploration, a new player has emerged to shake up the industry. Fleet Space Technologies, a leading space exploration company based in Australia, has unveiled its groundbreaking mineral exploration solution, ExoSphere. This cutting-edge technology is set to transform Barrick Gold's copper exploration efforts at the Reko Diq project in Pakistan.
Powered by the latest advancements in space technology, artificial intelligence (AI), and 3D multiphysics, ExoSphere is a game-changer in the field of mineral exploration. By generating detailed 3D subsurface maps of local groundwater systems and copper porphyry complexes across multiple zones of interest spanning over 1,150 km2 of the Reko Diq project, ExoSphere is paving the way for more efficient and effective exploration processes.
The collaboration between Barrick Gold and Fleet Space represents a union of cutting-edge technologies aimed at enhancing mineral discovery and unlocking sustainability benefits throughout the exploration journey. Flavia Tata Nardini, Co-Founder & CEO of Fleet Space Technologies, emphasized the importance of leveraging space, AI, and 3D multiphysics innovations to achieve a more sustainable and scalable path towards meeting the copper supply demands of our clean energy future, aligning with the United Nations' Sustainable Development Goals (SDGs).
Reko Diq holds a strategic position in Barrick Gold's copper portfolio, standing as one of the largest undeveloped copper-gold projects globally. Situated within the Chagai mountain range, Reko Diq is part of the Tethyan Magmatic Arc, known for its significant copper-gold ore deposits of varying grades. With production slated to commence in 2028, Reko Diq is poised to make a substantial contribution to Pakistan's economy, offering employment opportunities, investment in development programs, and fostering regional economic growth in the Balochistan province in alignment with Barrick Gold's sustainability pillars.
The architecture of ExoSphere unlocks a plethora of new insights and predictive capabilities, streamlining operations at every stage of the exploration process. By harnessing Fleet Space's satellite network in low Earth orbit, smart seismic sensors equipped with edge computing, and rapid data processing capabilities, ExoSphere delivers real-time 3D mapping of mineral systems and AI-powered drill targeting with minimal environmental impact. This streamlined data journey enhances the dynamism and precision of exploration activities, providing remote onsite teams with actionable insights in real-time.
Not only does ExoSphere enhance the quality and speed of decision-making processes, but it also significantly reduces the environmental footprint of exploration projects. The sustainability benefits and innovative capabilities of ExoSphere have garnered recognition, with the technology winning the Climate Technology Impact Award at the Banksia Foundation's 35th National Sustainability Awards in 2024.
The rapid global adoption of ExoSphere has propelled Fleet Space's exponential growth, including a successful A$50 million Series C funding round, a doubling of its valuation to A$350 million, and plans to send a variant of ExoSphere to the Moon in 2026. Recognized as Australia's fastest-growing company, Fleet Space Technologies is revolutionizing humanity's search for critical minerals, space exploration, and defense with its satellite-enabled solutions and AI-powered mineral exploration technology.
In conclusion, Fleet Space's ExoSphere is not just a technological advancement; it is a catalyst for change in the world of mineral exploration. By combining space technology, AI, and 3D multiphysics, ExoSphere is revolutionizing the way we approach copper exploration, paving the way for a more sustainable and efficient future in the mining industry.
Powered by the latest advancements in space technology, artificial intelligence (AI), and 3D multiphysics, ExoSphere is a game-changer in the field of mineral exploration. By generating detailed 3D subsurface maps of local groundwater systems and copper porphyry complexes across multiple zones of interest spanning over 1,150 km2 of the Reko Diq project, ExoSphere is paving the way for more efficient and effective exploration processes.
The collaboration between Barrick Gold and Fleet Space represents a union of cutting-edge technologies aimed at enhancing mineral discovery and unlocking sustainability benefits throughout the exploration journey. Flavia Tata Nardini, Co-Founder & CEO of Fleet Space Technologies, emphasized the importance of leveraging space, AI, and 3D multiphysics innovations to achieve a more sustainable and scalable path towards meeting the copper supply demands of our clean energy future, aligning with the United Nations' Sustainable Development Goals (SDGs).
Reko Diq holds a strategic position in Barrick Gold's copper portfolio, standing as one of the largest undeveloped copper-gold projects globally. Situated within the Chagai mountain range, Reko Diq is part of the Tethyan Magmatic Arc, known for its significant copper-gold ore deposits of varying grades. With production slated to commence in 2028, Reko Diq is poised to make a substantial contribution to Pakistan's economy, offering employment opportunities, investment in development programs, and fostering regional economic growth in the Balochistan province in alignment with Barrick Gold's sustainability pillars.
The architecture of ExoSphere unlocks a plethora of new insights and predictive capabilities, streamlining operations at every stage of the exploration process. By harnessing Fleet Space's satellite network in low Earth orbit, smart seismic sensors equipped with edge computing, and rapid data processing capabilities, ExoSphere delivers real-time 3D mapping of mineral systems and AI-powered drill targeting with minimal environmental impact. This streamlined data journey enhances the dynamism and precision of exploration activities, providing remote onsite teams with actionable insights in real-time.
Not only does ExoSphere enhance the quality and speed of decision-making processes, but it also significantly reduces the environmental footprint of exploration projects. The sustainability benefits and innovative capabilities of ExoSphere have garnered recognition, with the technology winning the Climate Technology Impact Award at the Banksia Foundation's 35th National Sustainability Awards in 2024.
The rapid global adoption of ExoSphere has propelled Fleet Space's exponential growth, including a successful A$50 million Series C funding round, a doubling of its valuation to A$350 million, and plans to send a variant of ExoSphere to the Moon in 2026. Recognized as Australia's fastest-growing company, Fleet Space Technologies is revolutionizing humanity's search for critical minerals, space exploration, and defense with its satellite-enabled solutions and AI-powered mineral exploration technology.
In conclusion, Fleet Space's ExoSphere is not just a technological advancement; it is a catalyst for change in the world of mineral exploration. By combining space technology, AI, and 3D multiphysics, ExoSphere is revolutionizing the way we approach copper exploration, paving the way for a more sustainable and efficient future in the mining industry.