TORONTO, March 16, 2023- Novamera and the Canada Mining Innovation Council (“CMIC”) are pleased to have completed an in-field demonstration of its surgical mining technologies, sponsored by Vale, OZ Minerals and a leading global gold producer. Completed in late 2022, the in-field demonstration in Baie Verte, Newfoundland highlighted the technical capabilities of the proprietary guidance tool, the operational impact of real-time data in a production setting and the economic potential of surgical mining.
Surgical mining, powered by Novamera’s proprietary technology, could unlock trillions in currently uneconomic narrow vein mineral deposits to meet the increasing demand for metals, while also supporting Environmental, Social, and Governance (ESG) targets.
What is surgical mining technology?
Novamera’s proprietary hardware and software seamlessly combine with conventional drilling equipment, allowing mining companies to surgically extract deposits while minimizing dilution. Real-time data, machine learning and production analytics drive the ‘surgical mining cycle’ to make extraction of complex, narrow vein deposits not only viable but highly profitable. A low CAPEX (Capital Expense) solution requiring minimal mine development, miners have a flexible, scalable mining method that can help get into ore quickly with small-scale deposits.
Working together with conventional drilling equipment and operations, the solution generates ~95% less waste and less than half the Greenhouse Gas (GHG) emissions of selective mining methods. In addition, a closed loop system was created to minimize water discharge and real-time backfilling reduces environmental impact and tailings storage needs.
“Novamera’s surgical mining solution supports our vision of transforming mining into a zero-waste industry,” says CMIC CEO, Carl Weatherell. We are thrilled to be part of this new era of mining innovation that increases safety, efficiency, social license, and environmental stewardship- while providing greater financial returns for the industry.”
“The industry needs innovative new solutions,” says Dustin Angelo, CEO of Novamera. “Consortiums and the participation of industry leaders like Vale and OZ Minerals are critical to enabling new technologies to enter the market. Using- technology, we can now unlock thousands of smaller scale deposits and zones within existing mines that were previously uneconomic, allowing the industry to quickly add to production – meet the rapidly growing global demand for metals.”
The session will cover:
- Explanation of surgical mining technologies and process
- In-field trial results
- Impact of real-time data on dilution
- Operational efficiency metrics
ReThink Mining, powered by CMIC, is a catalyst for global change in the mining industry. We connect and empower our members and partners to innovate, transform and deliver sustainable results. Please visit www.rethinkmining.org to learn more.
Founded in 2019, Novamera has developed unique mining technologies that enable surgical, precision mining to unlock trillions in small, narrow vein deposits globally that have previously been too complex or uneconomic to mine using conventional methods. The solution is a fraction of the cost and produces 95% less waste and 44% less GHG (Greenhouse Gas) emissions- supporting the goal of reserve replacement and production expansion while assisting with achieving ESG (Environmental, Social, and Governance) targets. The technology generates real-time data and uses proprietary algorithms and AI to make drilling equipment ‘smart,’ able to precisely identify, navigate and extract high-value deposits (.g., Li, Zn, Ni, Co & Ag, Au).