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Epiroc grows orebody knowledge portfolio with Geoscan addition

Posted on 7 Oct 2022

Epiroc has agreed to acquire Geoscan Pty Ltd, an Australian provider of digital geological imaging solutions to mining companies, as it looks to bolster its orebody knowledge solutions.

Geoscan is based in Perth, Australia, and has presence in Australia, Latin America, North America, Europe and Africa. Its main offerings are Corescan and Coreshed.

Corescan (a unit pictured) is a leader in hyperspectral scanning, core photography and 3D laser profiling of drill core, rock chips and other geological samples with the associated processing and interpretation, according to Epiroc. It offers an automated solution that increases both the speed and reliability of imaging, processing and data delivery.

“Providing a rapid and reliable mineralogical profile of each drill core, Corescan improves mining companies’ decision making across exploration, resource modelling and ore processing,” the company said.

Coreshed complements this by providing an advanced digital core storage, visualisation, management and data integration solution for drill core and other geological samples, according to Epiroc.

Geoscan has about 50 employees and had revenues in 2021 of about A$9 million ($5.8 million).

Helena Hedblom, Epiroc’s President and CEO, said: “Mining companies continue to strive for greater orebody knowledge to strengthen productivity and consistency in their operations, and Geoscan’s solutions play a vital role in achieving that. This acquisition will complement our existing offerings well. We look forward to welcoming the strong team at Geoscan to Epiroc.”

The acquisition is expected to be completed in the December quarter of 2022.