Orexplore Technologies secures two key contracts in the critical minerals sector

Mineral scanning technology company Orexplore Technologies (ASX:OXT) has secured two key contracts in the critical minerals sector.

The first agreement with Green Critical Minerals sees the company extend their engagement for a further 2500m of core. This follows the successful completion of an initial order to scan 300m of core. 

Both engagements have a combined value of around $226k and encompass scanning of graphite bearing drill core and the delivery of ore-sorting evaluation, grade proxy modelling and emerging graphitic flake analysis solutions using data captured by Orexplore’s GeoCore X10 hardware. 

Orexplore’s GeoCore X10 scanner applies proprietary technology to investigate the properties of core samples.  

It uses a high energy x-ray source to provide x-ray transmission (XRT) analysis for the purpose of highly accurate 3D computed tomography imaging. 

Northern Minerals have also extended their engagement with Orexplore for an additional 900m of core scanning, following the 420m already scanned to date.  

This extended order brings the total value of the engagement to around $130k and incorporates scanning of rare-earth bearing drill core and crushed samples.  

Orexplore managing director Brett Giroud said the company’s proprietary technology offers valuable advantages.  

“Our proprietary technology, proven through commercial engagements with precious and base metals clients, has shown to offer highly valuable advantages to the critical minerals industry,” he said.  

“GeoCore X10 hardware is able to directly sense across the range of rare-earth elements and is suited to both exploration and operational applications throughout the rare-earth chain.  

“Expansion into the critical minerals space is highly aligned with Orexplore’s ESG goals and it is exciting to release our solutions in this space.”