Provides a $100,000 grant to the SWENext program
Skanska and its joint venture partner, Railroad Construction Company, signed a contract with the Metropolitan Transportation Authority to make improvements on subway stations in New York, New York, USA.
Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has completed the acquisition of the business of Wain-Roy, a U.S. manufacturer of excavator attachments for the construction industry.
Fleet Space announces 1 Year Exosphere Contract with Core Lithium
Fleet Space announces 1 Year Exosphere Contract with Core Lithium (credits: Fleet Space)
- Fleet Space signs new contract to provide its ExoSphere satellite-based mineral exploration services to Core Lithium
- 12-month partnership effective from May 2023
- Partnership follows Core’s recent opening of the Finniss Lithium Mine, and capital raising with a strong focus on exploring its lithium projects
- Follows completion of successful large-scale survey trials at Core’s Finniss Project (NT)
- ExoSphere sustainably accelerates critical mineral exploration by scanning the Earth with advanced, low-impact sensors, Geodes, connected to the cloud through Fleet’s low-power satellite network.
Fleet Space Technologies announce a major new contract with Core Lithium. The 12-month agreement, signed [12th October] by Fleet Space co-founder & CEO Flavia Tata Nardini and Gareth Manderson, CEO at Core Lithium.
The contract, which comes into effect in May 2023, will see Fleet’s pioneering satellite-based mineral exploration system, ExoSphere, deployed across Core’s tenements in the Northern Territory. Core was also successful in applying for the co-funding of a tenement-wide deployment of Exosphere at its Shoobridge Project in 2022, under round 15 of the Geophysics and Drilling Collaborations program.
This follows successful results of a collaborative trial between Core Lithium and Fleet Space Technologies at the BP33 prospect. In August 2022 the company jointly announced the successful conclusion of survey trials. In a statement to the ASX (1st August 20223), Core Lithium described the results of the trial as ‘an outstanding success’, noting an ‘excellent correlation with the pegmatite body interpreted from drilling to depths in excess of 500m’ and stating that ‘a number of previously unknown targets have emerged – a major boost for exploration.’
Core is using ExoSphere to accelerate its lithium exploration activities, in line with its vision to provide high-grade lithium for electric vehicle (EV) and renewable energy storage applications worldwide.
The successful discovery of lithium, cobalt, copper and nickel is therefore essential to the global transition to clean-air mobility. Global EV demand cannot be met unless the pace of discoveries dramatically increases. The World Economic Forum states that the world’s battery capacity must grow 40 times larger than today to meet capacity demands.
Developed by Fleet Space at its headquarters in Adelaide, Australia, ExoSphere is a pioneering exploration system that delivers detailed, 3D subsurface images in days rather than months required using conventional techniques. An array of satellite-enabled geophones, called Geodes, use edge computing to analyse ambient seismic noise collected by Ambient Noise Tomography (ANT). Geodes are up to 10 times more sensitive than existing nodal geophones, increasing both accuracy and depth of results. This data is then rapidly processed and transmitted through Fleet’s low power satellite network.
Crucially, what ExoSphere can do for Core, by enabling direct detection of pegmatites, is to increase the probability of success in drilling, resulting in less drilling, less cost, less time to discovery and less environmental disturbance.
The contract includes the Geodes, planning and deployment support, and real-time processing and delivery of 3D shear velocity models for one year.
About Fleet Space Technologies
Fleet Space Technologies is Australia's leading space company. Fleet operates from a state-of-the-art HQ in Adelaide, South Australia, and has recently expanded internationally to the US, which are global centres of excellence in space and advanced aerospace technologies. At Fleet, we are Explorers with a mission to connect the Earth, Moon and Mars and our team has rapidly grown to over 80 employees in the last 6 months. Fleet designs, builds and operates a constellation of micro satellites which delivers universal connectivity across the globe. Following an oversubscribed Series B funding round, Fleet will continue to build a constellation of 288 satellites.
About Core Lithium
Core Lithium operates the Finniss Lithium mine in the Northern Territory. The Finniss mine will provide the globe with high-grade and high-quality lithium suitable for lithium batteries used to power electric vehicles and renewable energy storage.
Source Fleet Space
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