Tag Archives: Target

Seequent extends cloud capabilities and solutions for mining with Minalytix deal

Mineral exploration, Mining equipment, Mining mergers and acquisitions, Mining services, Mining software, , , , , , , ,

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.”

Seequent adds to cloud-based geoscience software base with Imago acquisition

IoT, Mineral exploration, Mining services, Mining software, , , , , , , , , , , , , , , ,

Bentley Systems’ Seequent business unit has acquired Imago Inc, a developer of cloud-based software for the capture and management of geoscientific imagery.

The acquisition, which comes only a month after announcing the purchase of Aarhus GeoSoftware, will expand Seequent’s technology solutions portfolio while boosting cloud capabilities to help geoscientists and engineers solve earth, environment and energy challenges, it said.

Imago’s cloud-based platform enables the capture, cataloguing and review of drilling core and chip images from any source, to support every aspect of the geological process from exploration to grade control. Continued development of Imago’s machine learning will lead to a step function in the interpretation of geological data, according to Seequent.

Seequent said: “Mining companies around the world apply Imago’s solution in conjunction with geology data management and modelling tools to enable teams to make more confident, profitable decisions using instantly available, high-quality images. Seequent already integrates its Leapfrog, Oasis montaj, Target, and Minalytix MX Deposit with Imago’s solution, making it easy for geologists, engineers and other stakeholders to extract knowledge and learn from geoscientific imagery. The goal is to unlock significant potential for mining and other industries, transforming image data into meaningful insights for geological activities.”

Imago establishes a consistent process for capturing high-quality images, which integrate with existing workflows and allow the application of machine learning

Graham Grant, CEO of Seequent, said: “It’s an exciting step to welcome the Imago team on board to help advance Seequent’s progression into the cloud. We’re continually exploring ways to provide new technologies and solutions to solve workflow challenges, improve operational efficiency and deliver greater value for our users who are working to solve some of the world’s major civil, environmental, and energy challenges. This acquisition demonstrates Seequent’s continued growth and our commitment to make a positive contribution to the industries we serve globally.”

Imago’s Co-Founder, Federico Arboleda, said: “As a small team in Phoenix and Perth, we’re excited to join forces with Seequent, as this will now allow us to substantially scale Imago’s solutions in mining and other markets. We founded Imago to help mining companies manage the high volume and size of geological images and unlock the great value in this geoscience imagery. Image data is an increasingly important source of data across the geosciences – and can come from potentially any source, including core photos, hyperspectral, aerial photos, drones, and handheld devices. It will become even more important to transform image data into knowledge as automation needs increase.”

Giga Metals taps Minerva’s AI prospect generator software for Brazil exploration

Base metals, Mineral exploration, Mining software, , , , , , , ,

Minerva Intelligence says its Cognitive artificial intelligence-powered prospect generation software, TARGET, has helped Giga Metals identify and evaluate new prospective exploration targets at the Parnaiba Basin project in Nordeste, Brazil.

Giga, after validating the results produced by Minerva’s TARGET software, made the decision to acquire exploration permits covering significant new regional sediment-hosted copper anomalies along the southern perimeter of the Parnaíba Sedimentary Basin in southern Piauí State, Northeast Region, Brazil, it said.

This amounted to the staking of 24 exploration permits totalling 40,722 ha in four properties along 80 km of strike length in an area with known “Kupferschiefer-style” sediment-hosted copper mineralisation.

Scott Tillman, CEO of Minerva Intelligence, said: “The commercial validation of our TARGET software is yet another indication of the power of Minerva’s Cognitive AI-powered software.

“The successful deployment of our TARGET software highlights the value we are able to provide to companies that are managing large datasets and seeking to incorporate an artificial intelligence element into the decision-making process. Our success with Giga in Brazil, in conjunction with our recent success in Mexico, points to even greater success in the future in delivering results for mining and exploration companies around the world.”

Using Minerva’s TARGET software, Giga was able to sift through, organise and evaluate large datasets that were subsequently used to analyse the validity of the prospective exploration region, Minerva explained. TARGET’s mapping technology was able to determine, based on existing comprehensive datasets, that the project in Brazil had a high likelihood of success and, as a result, Giga should pursue investment in the region.

The final result of the analysis was a list of AI-produced target areas throughout Brazil that are completely auditable and explainable, and, most importantly, actionable by Giga, Minerva said.

Giga Metals CEO, Mark Jarvis, said: “TARGET enabled us to work our way through an immense volume of regional geological data to focus on areas prospective for the deposit types of interest to us. This is a type of regional survey that was previously possible only for a major mining company with a large team of geologists. It is exciting to experience at first-hand how artificial intelligence is now making this type of survey accessible to smaller companies.”

Jake McGregor, Minerva’s COO, added: “In 2019, Minerva was contracted by Giga to build a set of prospectivity maps for the country of Brazil. In this capacity, the company compiled various datasets from across the country, both from public and private sources, and significant work was undertaken by Minerva to standardise and translate the data from Portuguese to English, and then into the standard terminologies that we use in our mineral deposit models. It is extremely rewarding to see our clients getting value out of that hard work.”

Seequent taps into Esri ArcGIS Pro to speed up discovery time

IoT, Mineral exploration, Mining software, , , , ,

Seequent has today released Target for ArcGIS Pro to bring advanced understanding of mining and exploration data to the powerful next generation Esri ArcGIS Pro environment.

The Esri-integrated solution simplifies the importing, viewing and analysis of drill hole and subsurface geological data within ArcGIS Pro to allow geoscientists, geologists and GIS analysts to make timely decisions on project viability and enable faster discoveries, according to Seequent.

The release builds on Seequent’s Target for ArcGIS platform, a geology mapping extension for Esri ArcGIS that simplifies the “visualisation and analysis of drill hole and borehole geology data within ArcMap”.

Seequent’s GM Mining & Minerals, Nick Fogarty, says: “We’ve worked very closely with Esri to create essential workflows for geoscientists in mining and exploration who want to use their data in ArcGIS Pro.

“Our partnership ensures we can deliver interoperability that allows our customers to get the full benefit from both Target and ArcGIS geoscience workflows, creating a world-leading end-to-end solution. Target for ArcGIS Pro is the latest in our ongoing effort to enhance integration and empower advanced geoscience analysis within Esri’s established GIS platform.”

Esri’s Director – Industry Solutions, Natural Resources Sector, Geoff Wade, said: “Seequent is a valued gold level partner of Esri and we are thrilled to see the latest realisation of their product vision for Target.

“The new Target for ArcGIS Pro provides users with additional capability and flexibility, in seamlessly integrating with tools from the Esri platform that many are already familiar with. We are confident this will further improve the efficiency of many geoscience workflows and empower new levels of understanding and insights for our valued joint customers.”

Target for ArcGIS Pro, Seequent says, allows users to import, visualise and interpret drilling data from standard industry data sources or generic formats; view drill hole data by numeric or categorical attributes in 2D maps and 3D scenes; create cross sections to view and interpret your geology in 3D; incorporate subsurface datasets to your project for increased understanding and geological context; navigate the subsurface quickly and easily using 3D navigation shortcuts; and share and collaborate using Esri’s online workflows.