The startup develops a rock compression tester specifically for the mining industry, enhancing the accuracy and volume of rock strength data essential for mine design and production planning. This technology enables clients to optimize orebody characterization, leading to increased productivity in mining and milling operations.
Funding
$230K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Accurate rock strength data is crucial for effective mine design and production planning, but traditional testing methods often lack the necessary resolution and volume of data, especially for unconventional samples like resource core. This limitation hinders optimal orebody characterization, leading to inefficiencies in mining and milling operations.
Solution
Minpraxis Solutions addresses this challenge with the Minpraxis Tester (MPT), a proprietary compression-breakage testing device that continuously processes half-core and lump samples. The MPT provides high-resolution rock strength characterization, significantly increasing the volume of strength data compared to conventional methods. By integrating with standard assay preparation workflows, the MPT expands the characterized volume of a rock mass to include resource core, offering a more comprehensive understanding of the orebody. This enhanced data enables improved mine design, mill performance, production planning, and safety, ultimately accelerating the transition of new mines into production.
Target Audience
The primary target audience includes mining companies and geotechnical engineers focused on improving mine design, enhancing mill performance, and optimizing production planning through advanced orebody characterization.
Features
- Continuous compression-breakage testing of half-core and lump samples
- High-resolution rock strength characterization at approximately 1cm intervals
- Integration with conventional assay preparation workflows to leverage resource core samples
- 50-fold increase in strength data compared to traditional methods
- Reduces the cost of recovering test samples by 50-75%
- Provides rapid strength information to accelerate production revenues
- Improves resource utilization through better orebody understanding