Media Release By Plotlogic
A global leader in mine optimisation, Plotlogic, will open its first Perth office in coming months marking the latest milestone for the deep-tech startup.
Expanding its corporate presence into the west is a natural fit for the Brisbane-based company that now counts as clients three of the world’s four largest miners, namely BHP, Glencore and Anglo American, as well as mining services giant Thiess.
During his visit to Perth this week Plotlogic founder and CEO Dr Andrew Job is interviewing candidates for a broad range of roles and inspecting potential premises, as well as meeting clients from across the WA mining sector.
Plotlogic’s artificial intelligence (AI) scanning technology OreSense® is already enjoying success at iron ore operations. Plotlogic is now working towards deploying OreSense® to WA’s rapidly expanding critical minerals sector, with lithium, rare earths, nickel and cobalt vital for the clean energy transition.
In March Plotlogic announced a $25m Series A funding round led by highly regarded Silicon Valley venture capitalist Innovation Endeavors. Those efforts were boosted last month when Plotlogic was named as an industry partner in the first project announced under the Federal Government’s $242.7 million Trailblazer Universities initiative, which is aimed at building commercialisation in the critical minerals sector.
The bid for the $50 million federal funding was led by Perth’s Curtin University and the four-year project will also be supported by a total of $90 million from Plotlogic and 32 other industry partners. These include mining giants Glencore, BHP, Rio Tinto and Newcrest.
The Perth expansion has been planned for more than two years by Plotlogic, but the move was delayed due to WA’s COVID travel restrictions.
“WA’s resources sector is vibrant and dynamic. We’ve wanted to have a home here for many years. Meeting with some of the mining sector’s leaders over the past few days and demonstrating how we can assist the industry to cut emissions and become more efficient, I know it’s a very logical place for us to expand,” Dr Andrew Job said.
“We’re now looking forward to boosting our physical presence in the richest resources state in Australia and expanding into projects producing minerals essential for the new economy, as well as further supporting the iron ore industry.
“Mining should be able to generate the resources society needs without harming the environment. Our goal is to work with our customers to use AI and automation to deliver the future of natural resources – one that benefits both society and the industry.”
Plotlogic’s OreSense® system helps miners cut costs and risks, as well as improve sustainability outcomes by distinguishing high-grade mineralisation from waste material in real time.
It was designed by Dr Andrew Job, who combined his real-life experience as a mining engineer with research undertaken while completing his PhD in field sensors and artificial intelligence (AI) at the University of Queensland.
OreSense® makes natural resource extraction more precise by fusing huge amounts of data collected by a range of highly sophisticated sensors. These include hyperspectral cameras working near the infra-red part of the light spectrum, in combination with LiDAR, geo-location information and advanced machine learning algorithms.
Image Credit: www.plotlogic.com