BHP Xplor begins search for 2024 cohort

BHP Xplor, a six-month cohort-based accelerator program, has begun a global search for its 2024 cohort.

After successfully completing its inaugural year in 2023, BHP Xplor is now on the hunt for early-stage explorers and startups focussed on finding new resources of critical minerals needed for the world’s future.

BHP Xplor is designed to provide selected participants with the opportunity to accelerate their exploration concepts and potential to establish a long-term partnership with BHP. It offers participants funding, mentorship and coaching as well as connection into BHP’s network of suppliers and service providers.

BHP Xplor vice president Sonia Scarselli said the company is thrilled to begin the new search.

“We are energised by the success of the program’s first cycle and thrilled to start our search for the next 2024 cohort,” she said.

“As we’ve seen reflected through the first cohort, BHP Xplor is designed for people who are ready to think differently and push the boundaries of traditional exploration.

“We’re looking forward to reviewing future opportunities from around the world for new and exciting exploration concepts needed to bring forward the critical minerals required to decarbonise.”

The program offers BHP the opportunity to broaden its access to a diverse set of global exploration prospects as well as new geographies and geological concepts.

Selected companies will receive up to US$500k (A$776k) cash payment from BHP, together with access to a network of internal and external experts to help guide development.

BHP chief technical officer Laura Tyler commented on the program.

“Through BHP Xplore, we’re effectively transforming set models by testing opportunities at an accelerated pace, implementing new ways of thinking and creating innovative concepts to address some of today’s biggest challenges facing early-stage minerals exploration,” she said.

BHP Xplor will accept applications from August 23 to October 11, 2023.