Tag Archives: XTRACTA

IMDEX to showcase COREVIBE, XTRACTA and SURVEY-IQ at PDAC

IoT, Mineral exploration, Mining equipment, Mining events, Mining safety, Mining services, Mining software, , ,

IMDEX says it intends to showcase innovative new technologies at this year’s Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Canada, this week.

IMDEX will feature its patent-protected drilling technologies IMDEX COREVIBETM and IMDEX XTRACTATM ay the event, which attracted over 25,000 attendees last year, and will launch the IMDEX SURVEY-IQTM app where users can monitor all IMDEX survey tools from one interface.

IMDEX COREVIBE uses high frequency, energy pulse-assisted drilling for wireline coring, providing a significant improvement in drilling productivity.

Test results validated by international inspection and verification company SGS show the IMDEX COREVIBE has delivered up to 30% improvement in core drilling productivity, according to IMDEX.

IMDEX XTRACTA enables drill bits to be inspected or changed without retrieving the rods, and has undergone extensive testing, with verified results showing safety and productivity gains, IMDEX says.

IMDEX SURVEY-IQ, meanwhile, can boost productivity by up to four times compared with conventional apps, according to the ASX-listed company.

IMDEX Chief Executive, Bernie Ridgeway, said: “The annual four-day convention, held this year from March 1 to 4, has grown in size, stature and influence since it began in 1932. It welcomes mining professionals from all over the world.”

IMDEX personnel including General Manager of Product Development, Dr Michelle Carey, Chief Geoscientist, Dave Lawie, Global Business Development Director, Derek Loughlin, and Principal Geoscientist, Gervais Perron, will be presenting at IMDEX’s seminar series.

With more than 20 years’ experience in the global mining industry working across multiple organisations including BHP and WMC, Dr Carey is an expert in developing products for the mining sector, IMDEX said.

Lawie will discuss the latest in leading exploratory data analysis software application, ioGASTM 7.2, explaining its speed and other benefits over traditional interpretation methods.

Loughlin has more than 30 years’ experience within the mining and drilling industry and will deliver a presentation on A New Wave of Drilling Optimisation, IMDEX said.

He will explain how IMDEX COREVIBE and IMDEX XTRACTA are creating a paradigm shift in drilling optimisation, the company added.

Dr Carey and Perron will discuss Real-time Decision Making in Exploration and explain how new technologies can assist in making better decisions in the field or in the office using survey instruments through to geochemical and petrophysical sensors.

The free workshops will be held on March 3.

IMDEX continues to connect with clients as new tech trials gain momentum

Explosives and blasting, IoT, Mineral exploration, Mining equipment, Mining services, , , , , ,

A record half-yearly revenue and progress with new technologies such as COREVIBE™, XTRACTA™ and MAGHAMMER™ has IMDEX riding a positive wave.

The company recorded revenue of A$127.9 million ($86 million) in the six months ending December 31, 2019, up from A$125 million a year ago.

IMDEX said it was present on around 70% of drilling programs globally, providing an opportunity to market a wider range of products to clients. Some 35% of its revenue in the six-month period was generated in Asia Pacific, 45% in the Americas and the balance in Africa and Europe, it explained.

And the company also singled out its cloud connectivity platform IMDEXHUB-IQ™ – which provides secure access to validated data, seamlessly transmitted from a range of sub-surface instrumentation, analytical instruments and mobile form data inputs – during the results. At the end of December 2019, IMDEX said 58 of its top 100 clients were “HUB-enabled”, up from 49 clients as at June 30, 2019.

The company completed its acquisition of Flexidrill in January and it provided an update on the status of the patent-protected drilling productivity technologies that came with this addition, COREVIBE and MAGHAMMER, in its results.

It said successful client trials with COREVIBE were undertaken throughout its financial year first half. “These trials continue to validate the significant benefits of this unique technology, including substantial increases in productivity,” it said. For the balance of its 2020 financial year, IMDEX said it has a full pipeline of client trials and was confident of converting trials into active rentals.

XTRACTA, which complements COREVIBE and MAGHAMMER by allowing drillers to change the bit when core is retrieved, has been extensively trialled at IMDEX’s test site in New Zealand for the past 12 months and client trials are scheduled to commence late in the March quarter, it said.

Development of the MAGHAMMER at its test site is also progressing well, IMDEX said, and the company intends to commence client trials in the June quarter.

IMDEX symposium sets the exploration scene for AME Roundup

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

IMDEX recently held its fifth annual Xploration Technology Symposium in Vancouver, Canada, in which virtual reality, machine learning and new exploration technologies all received significant airtime.

The event, held on January 17, came ahead of AME’s annual Mineral Exploration Roundup, also held in Vancouver, on January 20-23. It saw 16 speakers and 160 attendees turn up.

IMDEX, which has a suite of drilling optimisation products to improve the process of identifying and extracting mineral resources globally, said the event covered multi-element data, artificial intelligence for mineral exploration and exploration instrumentation, along with a series of case studies. The focus was on improving and driving innovation in the mining industry and providing a platform to share big ideas, new technologies and new processes in exploration.

International consulting practice, SRK, had Principal Structural Geologist, Wayne Barnett, present on virtual-mixed reality, where he discussed augmented visual powers to automatically measure surface orientations and how this technology is changing best practices in data collection and analysis, IMDEX said.

Professor Bern Klein, of the University of British Columbia, meanwhile, discussed industry research to optimise value and ensure worker safety in deep underground mass mining operations.

The use of machine learning for mineral exploration in greenfield areas was discussed by GoldSpot Discoveries Corp Chief Operating Officer, Vincent Dube-Bourgeois, during the session on artificial intelligence.

Among the exploration case studies was one from Chris Gallagher, Rogue Geoscience President, a company that has been instrumental in developing several exploration technologies and geological data management systems used in the industry today, according to IMDEX.

And, Nick Payne, Global Product Manager Structural Geology at IMDEX, in his presentation ‘A New Wave of Drilling Optimisation’, discussed new technologies IMDEX COREVIBE and IMDEX XTRACTA – which, he says, offer substantial improvements in safety and productivity.