ground-breaking data analytics system that transforms the...
TRANSCRIPT
Ground-breaking data analytics system
that transforms the profitability of mining
Confidential & Proprietary
About MineSense
• Disruptive technology that will transform a large industry
• Sensor enabled industrial digitalization with control of
mining’s most important data set
• Creates smart mining by providing information that has
never before been available to the industry
• Transformational impact on a customer’s P&L
• Significant reduction of the environmental footprint
• $10B addressable market (first phase)
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Why MineSense’s technology matters
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Imagine an industry that each year
• Generates $1 trillion in revenue
• Consumes $150 billion of energy
• Moves over 6 billion tons of material
• Has a process very sensitive to input
…but has limited visibility on the actual material!
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Mine operations today
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• Designate mine blocks based on static
measurement of small volume samples
• Assume homogeneity of blocks at large
length scale
• Do not account for actual natural variability,
ore distribution
• Whole block goes to either production or
waste
OR 100
%
100% 100%
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The MineSense Solution
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• Embraces grade variability and heterogeneity
• Real-time mineral sensing technology
identifies good rock in designated waste and
waste in designated good rock
• Delivers precision, accuracy and resolution
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The MineSense Solution
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• Embraces grade variability and heterogeneity
• Real-time mineral sensing technology
identifies good rock in designated waste and
waste in designated good rock
• Delivers precision, accuracy and resolution
• Routes the right material to the right
destination
AND 80% 20%
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The MineSense Solution
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Proprietary
Sensors
Rapid Data
Software Powerful Data
Analytics
Technology
Optimal ore classification
Detailed grade data
Real-time decisions
Enhanced mine planning
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The MineSense Products
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• Installed on mine mobile equipment
• Easily retrofitted into physical scoop
• Stand alone HMI, with option to
integrate with equipment systems
• Installed on processing conveyor
• Easily scalable and retrofitted onto existing
equipment
• Fully automated diversion that can be
integrated into material handling systems
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$10B Annual Market (First Phase)
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350 Copper & Copper/Gold Mines
= $5B
50 Iron Ore
= $3B
30 Lead/Zinc Mines
= $0.5B
250 Nickel Mines
= $1.5B
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Entering Revenue Growth Phase
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$0.1 $6.8
$22.3
$62.6
$86.6
$-
$10.0
$20.0
$30.0
$40.0
$50.0
$60.0
$70.0
$80.0
$90.0
$100.0
2016 2017 2018 2019 2020
MineSense Revenue Projections ($ millions)
$81
$48
$22
$2
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The MineSense Value Equation
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Debottlenecking
Increases Revenue
Value
Environmental impact
Financial impact = $20M to $200M / yr
25% lower
cost 30% higher
revenue
Higher asset
value
25% less
energy 25% less
water
40% less
tailings
Increased Ore
Recovery
Less Waste
Processed
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Technology Validation – Two Successful Pilots
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$26M / year
Demonstrated P&L improvement
$36M / year
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Customer Pipeline: January 2016
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Lab / MOU
Mine Pilot
Commercialize
Engage
Los Bronces
Escondida
New Afton
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Customer Pipeline: Current
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Lab / MOU
Mine Pilot
Commercialize
Engage
Engaged mines = $170M recurring revenue p/a
Engaged customers = $650M
Los Bronces
Red Dog
Salobo Candelaria
DMH Escondida
New Afton
HVC
Mount Polley
Pend
Oreille
Solomon Hub Sudbury
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Customer Total Value : Example
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HVC (Canada)
$4.3M
Nuevo
Union (Chile)
$8M
Que.
Blanco (Chile)
$2.5M Carmen se
Andacolla (Chile)
$5M
Antomina (Peru)
$6M
Red Dog
(USA)
$7M
Pend
Oreille (USA)
$2M
TOTAL=
$34.8M
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Commercialization Momentum Building
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• $11M in first full year high margin, significant recurring revenue
• Pricing set on % value capture held from initial MOU to final contract
• Fees paid for data / information, with add-on services possible
• Second contract in final stages 2 for 2 pilot to commercial conversion
• Contract underway, mine trial in May for a $20M/year revenue mine
First commercial contract signed
Business model validated
Solid pipeline to future contracts
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Fund-raising Update
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• Fund raising effort launched $7 to $10 million target
• Closed oversubscribed round for $15.8M (US$12M)
• New Investors to add international view and global reach
• Funding to accelerate commercialization
Ventures
Confidential & Proprietary
18
Jeff More (President & CEO)
+1 416 807 5873
minesense.com
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