Tag Archives: DataCloud

IMDEX reveals record quarterly results as new tech developments await deployment

IMDEX has revealed record September-quarter revenue amid a strong start to its financial year, with CEO Paul House noting revenue growth was up in all key regions with an increasing demand for real-time orebody knowledge and robust industry fundamentals.

IMDEX says its technologies enable resource companies and drilling contractors, to find, define, and mine orebodies – with precision, confidence and at speed.

Record unaudited first-quarter FY2023 revenue of A$105.9 million ($69.2 million) was up 22% on the same period last year, IMDEX said.

Sensors on hire were up 13% on a year ago and 9% on the previous quarter, meanwhile.

House, speaking at the company’s AGM today, said supply chain pressures also continued to ease during its first quarter of the financial year.

Revenue growth was up 17% year-on-year in the Americas, 29% in Africa and Europe, and 27% in Australia and Asia.

He said exploration budgets remained strong in Australia, with clients reporting longer order books of nine to 10 months rather than three to four months.

Major and mid-cap mining clients were reporting ongoing or expanded exploration budgets, and deeper orebodies were resulting in larger and more complex drilling programs, he added.

The drive to expand existing projects or find additional orebodies to sustain current production levels, continuing strong demand for metals across a broad range of sectors, and an increased demand for critical metals all contributed to a strong outlook.

“It is worth noting that during this current cycle, unlike any cycle previously, the industry has not made any major discoveries,” House said. “We believe that this supports both the continued need for exploration drilling and the importance of precision mining technologies that may improve the economics of smaller deposits or increase the mine life of existing operations.”

IMDEX CEO Paul House

House said that early in the first quarter of FY23 IMDEX signed its first significant commercial contract with a tier-one resource company in South Africa for its BORE HOLE STABILISER™ (BHS), part of its suite of drilling optimisation products.

BHS is a multifunctional product formulated specifically for air drilling applications, particularly drill & blast applications.

Trials are underway with underground commercial prototypes in Africa, Asia, and Australia, and further opportunities exist for surface applications, according to the company.

House also provided an update on development of BLAST DOG™, a multi-sensor probe designed to measure a wide range of geophysical properties of an orebody and map its material rock properties.

The data collected by BLAST DOG has the potential to be used by mining companies to develop programs that could improve mine planning, blast design, fragmentation and material movement tracking, post-blast.

IMDEX achieved the first commercial contract with BLAST DOG in August 2022, at Iron Bridge in the Pilbara. The agreement provides for the staged use of up to three BLAST DOG sensors, together with associated products, software, and support, over the initial term. This will result in an estimated contract value of A$13 million.

House added: “Our MINEPORTAL™ 3D visualisation software, acquired from DataCloud in September 2021, has been instrumental in demonstrating the value of BLAST DOG to customers,” House said.

He said the initial focus for development of BLAST DOG was copper and bulk metals within Australia and the Americas.

A rigorous assessment defined by global mines with the capacity for more than three drill rigs identified a serviceable addressable market beyond five years of approximately 400 sites, IMDEX says.

With IMDEX focussing on the top 25% of those that were more likely to support the introduction of technologies that are disruptive to existing mining workflows, the assessment had determined that the obtainable market over the same period was about 100 mine sites to support this first phase of growth for the BLAST DOG.

Six commercial prototype trials are planned for the 2023 financial year under the first phase of BLAST DOG development, according to the company.

“The next generation BLAST DOG will incorporate additional sensors, software, and data answer products, and we will expand its application to other commodities and geographies and eventually to underground applications,” House said.

IMDEX looks for 3D rock knowledge data with MinePortal acquisition

IMDEX says it will acquire DataCloud’s MinePortal software in a circa-A$20 million ($14.8 million) cash and shares deal that will significantly enhance the company’s data visualisation and analysis capabilities and build on its real-time orebody knowledge technology.

MinePortal is a next generation cloud-connected orebody knowledge technology which interprets and models geological data to enable real-time 3D visualisation, according to IMDEX.

It processes high volumes of data in real time, while applying geostatistical and machine learning algorithms to identify orebody trends. MinePortal contains three integrated solutions: Data Lab, Blast Intelligence and Blend Intelligence, with IMDEX intending to integrate the technology with IMDEXHUB-IQ™ and enhance the real-time orebody knowledge ecosystem.

The transaction will accelerate the development of the IMDEX BLASTDOG™ geosensing tool and enhance its value for clients by linking data obtained from both IMDEX and third-party products to deliver real-time 3D visualisation models, the company said.

IMDEX Chief Executive Officer, Paul House, said the acquisition continued the evolution of IMDEX with its focus on technology to deliver real benefits for clients throughout the mining value chain.

“The purchase of MinePortal is in line with IMDEX’s strategy to move into the production end of the mining value chain and will complement our other initiatives,” House said.

“The ability for IMDEX and DataCloud to bring together IMDEXHUB-IQ, IMDEX BLASTDOG, and MinePortal is genuinely exciting. The partnership will accelerate our product development roadmap and will benefit IMDEX, our clients and the global minerals industry.”

House said the integrated rock knowledge technology will allow visualisation of rock knowledge data in 3D, supporting enhanced decision making in real time.

“To build and view these high spatial density models in the cloud, in real time, and access them from anywhere in the world, is world class tech,” he said.

“MinePortal will enrich the value that current and future rock knowledge sensors provide clients; it has an existing presence within mining production that is readily scalable; and it increases our Software as a Service offering and will generate additional quality revenue.”

The acquisition is subject to conditions including a final vote of DataCloud shareholders to approve the transaction, which is expected to be finalised by the end of this month.

The cash and performance-based share deal involves an initial cash payment to DataCloud of A$8 million, which will secure the assets and intellectual property relating to MinePortal.

The share-based component of the deal will occur from 2022 to 2024, with a pre-agreed number of shares being issued in 2022 and 2023, and with a third tranche of shares paid in 2024, if revenue targets are achieved. On the current share price, the combined value of the share component of the deal is about A$12 million.

Key DataCloud personnel will join IMDEX, complementing the company’s existing presence on the west coast of California, and bring additional artificial intelligence and geoscience expertise.

DataCloud bridging the mining industry’s data divide

DataCloud is looking to collect and merge the mining industry’s datasets through a cleaning, processing, integration, and predictive analytics platform that can help different stages of an operation prepare and plan for the ore and waste heading their way.

While the coarse ore stockpile may be the section of the flowsheet currently in DataCloud’s crosshairs – thanks to a well-attended webinar a few months back – any part of the mining process that is “between departments” could benefit from the MinePortal solution, according to Steven Putt, Director of Software Solutions for the company.

“The value case is inherent anywhere between departments – ie the stockpile is after crushing, but before the mill,” he told IM.

“The reason that stockpile is there – it tends to only be half a day or a day’s material – is it is a buffer for the mill,” Putt said. “Within this pile, one truck might have been hauling very hard material that the mill is exclusively treating for a week or so. Then, in accordance with the mine plan, this can switch to another truck and a new area of the mine, meaning the mill is going to have to adapt to a completely different material.”

The distinction between material in the coarse ore stockpile is often not this apparent; it tends to represent the mine site’s ‘melting pot’, taking in material from all over the operation.

Yet, to operate effectively, the mill needs to know the origins of the material coming its way ahead of time. The mill would then, ideally, be re-configured to treat the material.

“The mill operator would need to change the speeds of operation, the water balance, potentially the grinding media, etc,” Putt said. “Operators would typically prefer not to make those changes though, having the mill running at some ‘optimal’ speed based on the idea that the material is relatively consistent.”

The reality of the situation is different, as DataCloud and its MinePortal platform have been proving.

“The last client we worked with could end up saving around $20 million a year by carrying out our recommended processes as part of a wider mine to mill tracking solution,” Putt said of a copper-gold operation the company worked at. “Basically a specific rock type (skarn) was being fed into the mix too often and the mill was not prepared to handle this in the blend.”

This client turned out to be spending more money than necessary on its blasting process – using too much energy blasting the material to create a ‘uniform’ blend. But, in upping the amount of explosive used, it created sub-optimal crusher feed.

This saw the primary crusher assigned to treat material around 5 in (127 mm) in size attempting to ‘crush’ material that was averaging around 1 in in size, according to Putt.

The primary crushing process was ineffective to say the least.

By adapting the blasting process to target the designed-for primary crush size, reorienting the mine plan so not as much skarn material was being fed into the coarse ore stockpile at once, and adding steel ball media to the mill to deal with skarn that was fed into it, the headline savings were made, according to Putt.

Such savings come with quite a bit of due diligence work, he explains.

“It is not just about connecting disparate datasets; a tremendous amount of work goes into cleaning and contextualising the data – knowing which information is right for the project at hand and which data is not applicable,” Putt said of the MinePortal data gathering and analysis procedure.

Where other data-focused companies can clean datasets and put them into algorithms to form various predictions, DataCloud’s mining knowledge and deep collaboration with customers enables the company to create fit-for-purpose solutions that work in a practical sense on the mine site.

This process sees at least six months of relevant data required up front. Then, a four-week deep dive of this data is needed to find out if the existing dataset can solve production bottleneck issues. The US-based company normally then allocates another three months to kick off the solution, on-board all teams and see improvements come through, according to Putt.

“I wouldn’t say it is a complete customisation, but there does tend to be differences in place at every mine site we visit that means the MinePortal solutions are somewhat unique,” Putt said.

Coming back to the coarse ore stockpile example, Putt recommends hard-rock miners add another filter to their existing blending process to help improve results.

“It is about adding a mill risk factor to an existing grade control program; getting the engineers to plan the mining regime in a certain way to effectively prepare the mill for the material being fed into the coarse ore stockpile,” he said.

Miners can do this by obtaining a good idea of the time window in which the material delivered to the stockpile is entering the mill, enabling engineers to trace it back into the pit and analyse the properties that were observed – and captured – during the drill and blast process.

“This can be a tricky thing to do as the size of the stockpile is changing so often,” Putt says.

Some miners use RFID tags embedded in truck loads to get a rough idea on a weekly or monthly basis when the delivered material is finding its way into the mill, but few do this on a consistent basis.

MinePortal uses machine-learning algorithms the company has augmented for geology and mining needs to automate the process.

Using features such as dynamic time warping – which measures the similarity between two temporal sequences that may vary in speed timing differences – the platform is able to reconcile timing differences from dumping ore into a primary crusher, to sitting in a stockpile, and to when the ore goes through the rest of the mill.

Putt expands on this: “There is enough robust data within a mill’s database to run dynamic time warping, a machine-learning method, to compute the delays (of the material coming into the mill) as they change.

“We don’t need the timing of the delay to be consistent; we need the data to be recorded consistently so we can find the patterns of the delays from stage to stage. Running the data through machine learning will learn the rhythms of the stockpile and filter out inconsistencies.”

At the reconciliation stage, mining companies can pair the material signatures (rock hardness, for instance) with the results from the mill (energy draw, grind size, etc).

“Typically, we find there might be one or two specific blend types that are causing the issues,” Putt said. “From there, we can carry out real-time planning to improve the operation. We then have a feedback loop where you identify the problem feeds, change the blending over the next three months and then keep running through the process for continued improvements.”

But it all comes back to ore blending.

“The best way to handle the problem is from the ore blending point of view,” Putt said. “If you can get your ore blending to be spot on where it comes with the lowest risk of impacting the mill’s performance or availability, then the mill won’t have to do anything different (change speeds, adopt new grinding media, etc).

“You still have to dig, haul and send the material to the mill, but you are sending this material to the mill in different proportions.

“It comes with the same input costs; it just requires a bit of extra planning ahead of time to save a tonne of money in the mill.”

MinePortal offers up an integrated view of mine site data

DataCloud’s MinePortal solution has links to the ‘artificial intelligence’, ‘big data’ and ‘digitalisation’ buzzwords that are heard throughout the conference halls at any global technology conference today, but, unlike some of its competitors, the concept is very easy to understand.

Simply put, MinePortal collects existing datasets from within a mining company’s operation and aggregates that data into a model that shows the entire process – from drilling through to processing in the plant.

Technology-agnostic, it uses cloud computing to ingest and process this data in near real-time, applying the company’s proprietary geostatistical and machine learning algorithms to continually update models.

The fact it can look at the entire mining process – from end-to-end – makes it almost unique in the industry, according to DataCloud Chief Technology Officer, Krishna Srinivasan.

“Data is no longer the problem in mining,” he told IM on the side lines of the Mines and Technology conference in London last week. “What mines haven’t got is a place where all of this data is displayed together for analysis. This is what MinePortal brings.”

In addition to leveraging off a mine’s existing fleet management and condition monitoring platforms, it also uses its own RHINO blast hole measurement package on production drills to enhance geology data right from the source.

RHINO (below) uses vibration signatures in the drill steel, acquired via IoT-enabled sensor devices, to calculate blast-critical subsurface information such as compressional and shear moduli, compressive strength, density, velocity, and more. This can help detect waste boundaries, faults, fractures, and many grade indicators, according to the company. Once this data is recorded, it is streamed to MinePortal and analysed to characterise the orebody.

Srinivasan says the integrated visualisation capabilities MinePortal offers allows companies to find out where the obvious opportunities are to improve performance in their operations.

Such analysis could, for example, highlight that drill and blast patterns need to be amended to improve rock fragmentation for improved recoveries at the milling stage, or, conversely, milling needs to be tweaked to account for the increased hardness of ore coming into the plant.

It connects the dots between the various processes in mining and “provides the context” mining companies need to increase production and productivity, according to Srinivasan.

In addition to being able to visualise the mining process in an integrated fashion from anywhere in the world through the cloud, DataCloud’s geostatistical and machine learning algorithms can predict the processing outcomes should a site, for example, amend their drill spacing at the drill and blast stage.

Srinivasan was keen to stress these algorithms do not ‘take over’ a mine’s processing procedures, instead offering up estimates based on previous operating data and existing industry data MinePortal has analysed.

MinePortal has, until now, mostly been used as a visualisation tool at open-pit mines, but DataCloud recently signed an agreement with Trevali Mining to use the software on its Caribou underground zinc mine in New Brunswick, Canada.

DataCloud said of this agreement: “Unleashing MinePortal will provide vast feedback applications across the value chain empowering their teams to make geology data-driven decisions.”

This is part of the mining company’s wider plan to digitalise its operations through its T90 business improvement program. T90 is targeting $50 million in pre-tax annual sustainable efficiencies by the beginning of 2022 through “operational improvements, standardisation, and the deployment of technology”.

Outside of its work with Trevali, DataCloud is encouraging miners to get in touch for a customised demonstration of MinePortal’s capabilities to a mine site’s specific data, workflow and goals.

“Give us a year’s worth of data and we’ll display this in MinePortal for you,” Srinivasan said, explaining that the company is confident miners will be able to see areas for improvement through this visualisation and that it will lead to them engaging with DataCloud over a longer timeframe.