Bentley Systems’ Seequent business unit has acquired Canadian software company Minalytix, the developer of MX Deposit.
The acquisition, which comes only a month after Seequent’s purchase of Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery, extends Seequent’s cloud capabilities and solutions for mining, including greenfield exploration, resource development and mining production, Bentley says. Prior to the transaction, Seequent held a minority shareholding in Minalytix, and its partnership included exclusive global rights to sell MX Deposit.
MX Deposit simplifies and controls how drill hole and other field data is collected, managed, and shared throughout the lifecycle of a deposit, according to the company. Mining exploration teams can configure the solution for various activities, including diamond and percussive drilling, grade control, underground face sampling, metallurgical sampling, stockpile sampling and sampling mill circuits.
“MX Deposit closes gaps in a project’s data collection, streamlines workflow, reduces errors and provides an audit trail to improve data confidence and act as a single source of truth for project data,” Bentley says. “MX Deposit is easy to use and configure and works anywhere online and offline, delivering valuable insights across all mining projects. Real-time collaboration is enabled with live project data.”
Mining companies use MX Deposit, in conjunction with other geophysics and geology data management and modelling tools, to find, develop and manage world-class deposits, and to enable teams to manage risk and make better, more profitable decisions, according to Bentley. Data can, it says, be easily integrated into MX Deposit in order to provide context that delivers more knowledge and better decision making.
Seequent already integrates its Leapfrog, Oasis montaj, Target and Imago solutions with MX Deposit, streamlining processes and increasing efficiency for geologists, engineers and other stakeholders.
“MX Deposit unlocks value from drilling, one of the largest investments for any mining and exploration company, with enduring high-quality data,” it says.
MX Deposit is a Software-as-a-Service (SaaS) solution that auto-scales to meet users’ needs, from small to multi-national companies, according to Bentley. Users can create a customised data management solution within hours to collect and control drill hole and other field data and immediately gain insights across all projects, the company says.
There are no limits on data users can store, with some logging millions of samples and blast holes and tens of thousands of drill holes.
Graham Grant, CEO of Seequent, said: “We’re excited to welcome the Minalytix team to Seequent, following our successful collaboration, to broaden the mining workflow through further cloud capabilities. Drill and sample data are the lifeblood for mining companies when exploring, and MX Deposit naturally aligns with our mining and exploration portfolio, including newly acquired geoscientific imagery platform Imago. We have already done a great job of integrating the software and now we are excited to integrate the team.”
Minalytix Co-founder and CEO David Peres, said: “We’re delighted to join Seequent as it allows us to deliver on our founding mission to impact the mining industry positively. We partnered exclusively with Seequent a couple of years ago as they had earned a reputation as a trusted mining innovator with a global reach. As a result, demand for MX Deposit increased in leaps and bounds. With Seequent’s expertise and support, MX Deposit will be able to reach its full potential.”