69 Ann Street, Brisbane 1300 854 502
Client News

Mineral explorers are now able to reap the benefits of using artificial intelligence and machine learning to analyse large amounts of geological data in identifying possible mineral deposits with the launch to market of a new data analytics solution.

Brisbane-based analytics and technology company Orefox has begun working with Mining Projects Accelerator (MPX) in assessing data identification of drill targets on prospective gold and copper targets in Australia. 

Orefox is the company commercialising the research undertaken by Quantum Geology on Artificial Intelligence and deep learning driving ore discoveries. 

Orefox founder and CEO Warwick Anderson said it was satisfying to bring the offering to market after several years of research and development culminating in securing MPX as a foundation client.   

“We’ve developed a system that utilises a hybrid artificial intelligence capability to analyse huge amounts of geological data and then collate patterns in that data,” Mr Anderson said. 

“The patterns uncovered by this process are patterns that a human geologist could never see as the datasets are simply too large and complex for a person to make sense of.

“We are delighted that MPX, who are the foundation client for Orefox, could see that this technology can accelerate the discovery of new ore deposits for them.”  

Orefox has participated in the Unearthed Accelerator Program.  Parent company Quantum Geology also counts Queensland University of Technology (QUT) as a shareholder through their QUT Bluebox company. QUT Bluebox is the innovation, venture and investment company for the university.

At a time when mining investment is rising and the need for new discoveries to meet future demand is high, Orefox is providing these services to market not to replace traditional exploration, but to work with client’s geology teams to accelerate the discoveries. 

“Our mission is to put our clients at the centre of geological data science innovation, allowing them to make bigger mineral deposit discoveries, faster,” Mr Anderson said.

MPX Co-founder and Director Grant Wechsel said the technology had the potential to help fast track the development of suitable projects.

“We believe heavily in the use of this technology from Orefox to help us analyse data and more accurately identify drill targets, which will help us focus on moving suitable projects forward in an accelerated time frame,” Mr Wechsel said.

Orefox has officially launched to market after Mr Anderson spoke at the Geological Survey of Queensland’s Digging Deeper 2018 forum and announced the commercialisation of the Quantum Geology research.  

In addition to their founding client, Orefox is speaking with a number of ASX-listed companies about providing services and welcomes enquiry from other interested parties.

About Orefox.
Orefox works with mining companies to put them at the center of geological data science innovation. Our artificial intelligence and machine learning allows companies to increase efficiency and success in finding new ore deposits. www.orefox.com

0

OneKeyLarrakia 3A new joint venture partnership between Wedgetail Larrakia Corporation and labour hire and workforce specialist One Key Resources is providing much needed innovative labour hire solutions to the Northern Territory’s crucial gas, construction and mining industries. One Key Larrakia has been formed to provide employment services for both Indigenous and non-Indigenous people across the Northern Territory. The majority Indigenous owned One Key Larrakia is providing labour hire, recruitment as well as skills and proficiency training to these industries. Wedgetail Larrakia Corporation undertook an exhaustive process in selecting a suitable partner with the appropriate expertise, before agreeing to terms with One Key Resources. Wedgetail Larrakia Corporation director Mr Nigel Browne said, “The One Key Larrakia partnership will allow us to forge ahead for the benefit of our people. “Given the massive Liquefied Natural Gas and construction opportunities now and over the next decade we believe that by establishing this partnership with One Key Resources we are able to offer the government, major proponents and contractors a service of significant value and capability.” One Key Larrakia has productive workforce partnerships underway with organisations such as national civil and construction contractor BMD Group, Compass Group at the Manigurr-ma Village and Australian Agricultural Company (AACo) at their new Livingstone Beef facility. The company expects to place between 100-200 people in to work by mid-2015 with a focus on a large portion of those being indigenous employees. The types of roles being filled are diverse and range from general labour, skilled machinery and equipment operators, specialist trades roles, engineering through to managerial and field supervisors. One Key Resources managing director Grant Wechsel said he was delighted with the opportunities that lay ahead in the Northern Territory as the company expands its presence around Australia. “Our specialist expertise particularly in major gas, construction and mining projects will provide a ready made pool of highly qualified, productive and safety conscious workers to industry. “Already we’ve seen the successful placing of a number of workers into key employment areas in the Northern Territory with a majority of those being local Larrakia and other indigenous candidates. “By partnering with the local traditional owners of the Darwin area, the Larrakia people, we are confident we can collectively succeed in growing One Key Larrakia into a productive and innovative local labour hire and workforce development business.” Rugby league legend Darren Lockyer is a director of One Key Resources and plays a key role in business development and client and community relations. Lockyer has been involved with indigenous employment initiatives with One Key in Queensland and will be visiting the Northern Territory with One Key Larrakia in the near future. ENDS For further media information contact Brenton Gibbs Picture caption:  (L-R) Carolas Dia, Shaun Wauchope and Shaun Moreen About One Key Resources One Key Resources is based in Brisbane with regional management in Mackay, Townsville, Singleton, Cairns and Perth. It provides workforce development, labour hire, recruitment, training and managed workforce solutions to major resource clients across Queensland, NSW, NT and WA. It also provides services to major infrastructure projects throughout Australia. www.onekeyresources.com.au About Wedgetail Larrakia Corporation Wedgetail Larrakia Corporation (WLC) is a joint initiative of the Larrakia Development Corporation (“LDC”) and IndiEnergy Pty Ltd. The WLC was established to provide “a commercial entity” to deliver a range of contract services to the oil & gas and mining & construction industries. The WLC provides broad support and direct economic benefit to individual Larrakia people as Unit Holders of the Larrakia Trust.
0