Fleet Space and Tahreez have announced the signing of an MoU outlining a partnership with the Saudi Arabian Mining Company (Ma’aden). The agreement will help provide the latest breakthroughs in space, multiphysics and artificial intelligence drill targeting services to accelerate discovery and development of mineral resources in the Kingdom of Saudi Arabia.
The pact will enable Ma’aden to deploy Fleet Space’s vertically integrated technology stack, ExoSphere, to drive real-time 3D subsurface imaging at scale – a vital capability needed to unlock the exploration potential of the Arabian Shield and drive progress toward Vision 2030, Fleet Space says.
“Integrating leading-edge, world-class exploration technologies is a central pillar to Ma’aden’s ambitious growth strategy,” Bob Wilt, CEO of Ma’aden, said. “This collaboration will accelerate our path to discovery, and strengthen the Kingdom’s position as a mining innovation leader and a foundational partner for the global mineral value chain.”
Through a recently formed joint venture between Tahreez, a visionary smart solutions provider and subsidiary of Alturki Holding, and Fleet Space, which calls itself Australia’s leading space exploration company, a regional task force will be created by the joint venture to support the rapid deployment of ExoSphere across Ma’aden’s projects and opportunity zones in the Middle East to identify potential targets for future development.
Used by the likes of Rio Tinto, Barrick, Gold Fields and AngloGold Ashanti to deliver 3D imaging of mineral systems up to 7 km in depth, ExoSphere enhances data-driven exploration with near-zero environmental impact, furthering ESG and sustainability principles for customers worldwide, Fleet Space says.
“This collaboration reflects a force multiplier for the Kingdom’s dynamic mining sector and another bold stride for Vision 2030,” Francesco Fidicaro, Managing Director of Tahreez, said. “By combining the latest advances in AI and space with Ma’aden’s sector leadership, this powerful new initiative reinforces KSA on the forefront of the global mining value chain and outlines a potential path to accelerate sovereign mineral discovery.”
The company recently closed a $100 million Series D funding round, with the investment to be used to expand the capabilities of ExoSphere, which integrates Fleet Space’s satellites in LEO, smart sensors and AI to streamline the acquisition, processing, and integration of exploration datasets, delivering high-quality targeting insights in days while minimising environmental impact.
Fleet Space says it launched its most advanced exploration satellites – Centauri 7 & Centauri 8 – on SpaceX’s Transporter 12 mission this week, building its satellite capacity to support an expansion of ExoSphere’s capabilities for customers worldwide.
Co-Founder & CEO of Fleet Space, Flavia Tata Nardini, said: “As an end-to-end solution designed to complement modern mining operations, ExoSphere enables the most ambitious exploration strategies by unlocking faster, more precise targeting decisions at scale in the world’s harshest exploration conditions. Real-time 3D subsurface data acquisition, processing and AI-powered insights in a single workflow represents a paradigm shift in the future of mining – providing a platform to identify high-quality targets in days while maximising the ROI of every drilling campaign.”