The next big discoveries in mining might come from an unlikely source: satellites in space.

‍What’s happening:‍

• Australian based space technology startup Fleet Space and Stanford’s Mineral-X have announced a new research collaboration to accelerate energy transition metals discoveries through satellite technology
  

The big idea:‍

• Fleet Space uses ambient noise tomography technology to identify specific targets that may contain significant metals deposits and conduct holistic surveying of mining projects
  
• Through satellite connectivity and edge computing, Fleet Space is then able to quickly compress those data streams and provide nearly real time access to the results from initial surveys
  
• Fleet Space’s technology then builds out data visualizations to enable better decision making about potential new drilling targets and improve the accuracy of any continued drilling
  

Why it matters:‍

• Stanford’s Mineral-X research project has collaborated with some of the leading technology companies in the mining space, including Bill Gates-backed KoBold Metals
  
• The new research collaboration between Fleet Space and Stanford’s Mineral-X may offer unique new insights into how to better leverage satellite technology for making new discoveries of metal deposits globally for the energy transition
  

By the numbers:‍

• Fleet Space has successfully completed more than 150 land surveys
  
• Fleet Space has validated their technology on mining properties on 5 continents
  

Going deeper:‍

• Fleet Space’s satellite technology is already being used by many of the world’s largest mining companies including Rio Tinto (NYSE: RIO), Barrick Gold (NYSE: GOLD), Core Lithium (ASX: CXO) and others

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