Seequent invests in Minalytix

Geoscience analysis, modelling and collaborative technology developer Seequent has continued its investment in geoscience technology and innovation with a minority shareholding and partnership with Minalytix, a Canadian mining data software company
Seequent invests in Minalytix Seequent invests in Minalytix Seequent invests in Minalytix Seequent invests in Minalytix Seequent invests in Minalytix

MX Deposit helps users manage workflow around data collection and management to reduce or remove errors and provide an audit trail and data confidence

Staff reporter

To help companies in their search for the next world class deposit, Seequent will work with Minalytix to maximise the value of the MX Deposit platform for customers across mineral exploration, resource development, mining and closure. To help manage risk, the cloud-hosted solution simplifies how drill hole and sample data is collected, managed, and shared. Customers can log and access data from anywhere in the world.

Shaun Maloney, CEO of Seequent, said: "We're actively seeking out ways to foster and grow further innovation for the betterment of our customers. Our shareholding and partnership with Minalytix demonstrates our commitment to investing in technology innovation and furthering our collaborative approach to help solve some of the major challenges facing the mining and minerals sector, today and in the future."

Nick Fogarty, GM mining & minerals at Seequent, added: "Technology innovation plays a vital role in the mining and exploration industries in terms of productivity, risk management and compliance. To support mining innovation, we work closely with our customers to look at areas in the mining value chain where better communication and collaboration can increase efficiencies and unlock value. Partnerships are an important part of our market approach.

"We're excited to announce Minalytix as our newest partner and to add MX Deposit to our offering. Drilling is one of the largest investments for any mining and exploration company, and advances in digital technology can dramatically increase the value of data generated and how quickly insights can be gained. MX Deposit is a game changer, in a matter of hours customers can create the environment they need to collect and control the drill hole and sample data, and immediately start gaining insights across all projects."

David Peres, co-founder and CEO of Minalytix, said that the company built its easy-to-use digital platform to close gaps in a project's data collection in the mining industry. He commented: "Seequent are the ideal partner to help us deliver on our mission to positively impact the mining industry, as they have earned a reputation as a trusted mining innovator and have a global customer base."

Peres added that demand for its platform is being driven by the need to streamline processes and increase efficiency: "MX Deposit is the only SaaS [software as a service] solution in its class and works anywhere online and offline. Mining industry demand for digitisation is driving this sort of technical advancement."

Rob Ferguson, director of product strategy, mining & minerals at Seequent, noted that mining operations want a single source of truth when it comes to project data, real-time insights and the ability to readily collaborate and communicate with a wide range of project stakeholders.

He explained: "Our customers want to access the most up-to-date data and insights across all projects. It's also important that management and other stakeholders can readily engage and tap into the collective knowledge of the team in a real time way. We design our solutions to ensure we meet these needs, and MX Deposit has been designed with these needs in mind too."

MX Deposit helps users manage workflow around data collection and management to reduce or remove errors and provide an audit trail and data confidence. The solution works around network and connectivity issues that can be experienced in the field - when the internet is not available mobile apps let users log data and work offline. Data can be readily exported and integrated into the solution, providing context that delivers more knowledge.

MX Deposit auto-scales to meet the needs of the user basis, with no limits on amount of data that can be stored. Customers are using the solution on a range of projects from greenfield exploration to mining production, with some already logging millions of samples and blast holes and tens of thousands of drill holes.

Ferguson concluded: "We're looking forward to introducing MX Deposit to our customers around the world. It's a very flexible solution that is delivering large savings in time and cost on a wide variety of projects, while enabling company-wide consistency in data capture. MX Deposit is a valuable addition to the mining value chain - as innovation that drives productivity and helps protect margins for miners is vital for the success of the industry."

 eposit drilling data management in the fieldMX Deposit drilling data management in the field