The startup provides real-time mineral grade measurement services using magnetic resonance technology and bulk ore sorting, enabling mining companies to accurately assess the quality of each tonne of ore. This capability allows companies to efficiently reject waste material, optimizing resource extraction and reducing operational costs.
Funding
$12.7M 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
Traditional methods of assessing mineral ore grade often involve manual sampling and lab analysis, which are time-consuming, costly, and provide limited real-time data for optimizing mining operations. Inefficient ore processing leads to unnecessary waste, increased energy consumption, and higher operational costs for mining companies.
Solution
NextOre provides real-time mineral grade measurement and bulk ore sorting solutions using magnetic resonance (MR) technology. Their on-conveyor MR analyzer delivers precise, volumetric mineral grade measurements by pulsing radiofrequency waves into the ore, identifying the resonant frequency of target minerals. This data enables rapid, automated sorting of ore, allowing mining companies to reject waste material and optimize the extraction of valuable minerals. The system provides real-time tracking of ore grade, enabling autonomous control of downstream processing and maximizing the economic value of the ore body while minimizing environmental impact.
Target Audience
The primary target audience includes mining companies seeking to optimize ore processing, reduce waste, and improve the efficiency of resource extraction.
Features
- On-conveyor MR analyzer providing accurate, volumetric mineral grade measurements in real-time.
- Mobile bulk sorting plant capable of sorting thousands of tonnes of run-of-mine or primary crushed ore per hour.
- Direct, quantitative, and penetrative measurement technique using magnetic resonance, a cousin to medical MRI.
- Real-time ore grade tracking enabling autonomous control of downstream processing.
- Ability to sort ore without screening or washing.
- Open Geometry solution for customized applications.