A technology proven over 30 yrs of ongoing research & 10+ yrs of successful projects
Mineral Finder Technology (MFT) and Oil & Gas Finder Technology (OFT) have been used in over 400 research & commercial projects to date. OFT has been used successfully in the petrochemical industry for decades. In the last decade MFT has been adopted in the mining industry exploring iron, coal, anthracite, nickel, gold, platinum, copper, zinc, silver, lead, chromite to name just a few.
Our MFT partner, CTAC, have a complete library of the resonant frequencies, in the deep blue and ultraviolet spectrums for the naturally occurring elements (ie. the periodic table) and mineral compounds of interest (ie. elements as they occur in nature) for mining, oil, and gas exploration.
“The complete implementation of the technology (the three phases of the MFT) allowed us to define the priority area & the depths of the drillings to accelerate the process of obtaining the certification of reserves (about 1 M troy ounces of Gold) according to the Canadian norms, which we have been aiming for, over more than 5 years.”
A precise technology that significantly increases discovery success rates
With the dwindling number and quality of mineral resources mineral exploration requires high investment, sustained cash inflow, and considerable time, with inherent high risk – where risk is defined as chance of failure or loss.
Exploration uncertainty and risk reduction can be addressed in three fundamental ways. Increase:
the number of examinations;
success probabilities; and
success probabilities per study by learning.
MFT addresses all factors by reducing the time and cost to assess, so more examinations of large areas can be conducted, improving the accuracy of assessments to focus only on economically viable areas thereby increasing the success probability, and applying machine learning to each project so algorithms constantly improve.
Investing in MFT reduces your costs by up to 80%
With dwindling near-surface resources, the search has moved to deep seated deposits increasing drilling costs. The skin effect, at depth compromises active seismic and electromagnetic technology accuracy. Environmental compliance regulations are also increasing in complexity and lifting exploration costs.
MFT is a passive technology that can give you high certainty for the minerals present, the grade, location and depth. This results in an exploration process with one step from MFT date to a targeted drilling program and high drilling success. This delivers a reduction of up to 80% or more in exploration costs.
5 years stalled &
costs of US$ 10 M
1 M Oz of Gold
MFT & Drilling
Valued Gold reserves
at US $1.5 B
80% cost saving
Advanced technology that provides faster turn-arounds
The typical MFT exploration project takes 12 weeks to complete, for the remote satellite work, onsite field work, and final report generation.
The project phases make up the total time as follows:
Remote satellite data analysis and report generation = 4 weeks.
Field work FSPEF and VERS data capture an analysis = 3 weeks.
Laboratory data integration and final report generation = 5 weeks.
Very large areas, for example - 200,000 sq km, and a shopping list of minerals to be located can extend the time.
No environmental disturbance & no permits required
Most alternate electromagnetic and seismic technologies (the ones that actually explore below the surface) are active, sending signals into the earth’s crust, lakes, or oceans. MFT is a passive technology because it is measuring changes in the earth’s electromagnetic field (at the earth-atmosphere boundary).
In each phase of MFT it is measuring the static field, or artificially varying the magnitude of the electromagnetic field of the earth, at the resonant frequencies of the materials of interest, at a given point. The polarised layers in the atmosphere, that exist in response to the subsoil mineralisation, respond to that, and MFT equipment measures the characteristics of static field and response fields.
When we talk with mineral mining clients, we generally discuss depths up to 3 km for minerals in concentrations of 50 – 100 ppm because lower grades and depths beyond 2 km can present significant technical and economic challenges that make mining unfeasible.
OFT, the oil and gas cousin of MFT, that uses the same technology, has explored to depths of 9.8 km.
Our ongoing support helps you maximise ROI & project success
The fourth phase is the support phase. After the client receives the engineering report they usually move to a highly targeted and minimal drilling campaign.
With MFT projects clients gather cores to verify the ore bodies are at the location, depth and grade forecast in the MFT report. For OFT this is to verify the reservoirs of oil, gas, or condensate are at the locations, depths and pressures forecast in the OFT report.
In all engagements, during the drilling program CTAC provide technical support on-site, and from the laboratory. For example, the CTAC team may take VERS measurements at a proposed drill point, before the drilling is done, to ensure the drilling is done in the optimal place and the right place.
CTAC also provide ongoing laboratory and field support during the subsequent construction, and operation phases for no additional cost, except travel.