Orexplore Technologies Limited
OXT.AX
Australian Securities Exchange0.02
AUD
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Orexplore Technologies Limited
OXT.AX
(Australian Securities Exchange)
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0.02
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div
yld
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ROIC.AI
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- Business
- Orexplore Technologies Limited (ASX:OXT) develops and commercializes mineral scanning technology for the global mining industry, providing non-destructive, near-real-time analysis of drill core samples across the mining value chain from exploration to operations; its core offerings include the GeoCore X10 hardware, an X-ray-based scanner delivering 3D imaging, chemical element detection including direct gold sensing, geotechnical logging, mineralogy, density measurements, and structural analysis, paired with the Orexplore Insight software platform for data visualization and interpretation; the company also provides scanning services, ore-sorting evaluation, and grade proxy modeling. Founded in 2009 with principal operations in Bassendean, Western Australia, and research and development based in Stockholm, Sweden, Orexplore serves base, precious, and critical minerals sectors including gold, graphite, and rare-earth elements, operating in Australia, Europe, Africa, North America, and South America. Recent developments include commercial contracts such as a $2.35 million agreement with OZ Minerals in 2022 for resource-to-reserve scanning solutions, a circa $1.55 million deployment with BHP's Carrapateena mine in 2023, and two critical minerals sector engagements worth $226,000 in 2023 for graphite analysis; the company advanced gold detection technology for Tier-1 miner testing, semi-automatic core logging, and machine learning geochemistry systems, though it entered voluntary administration in May 2024 with administrators delaying reporting and AGM obligations.