Viridien selected to support technology-driven mineral exploration program in Oman
Rhea-AI Summary
Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO) to identify, map, and rank mineralization prospectivity potential across seven concessions, covering 16,000 km² in Oman. The project aims to support MDO's strategic development of Oman's mineral resources.
Viridien will utilize machine learning, high-performance computing, and advanced processing algorithms to create innovative Bare Earth Plus models. These will be integrated with structural, airborne geophysical, and gamma-ray spectrometry data to identify mineral potential in the Samail and Masirah Ophiolites.
This collaboration underscores MDO's commitment to incorporating AI tools and cutting-edge solutions into their exploration and mining operations. Viridien's expertise in remote sensing and integrated Minerals & Mining solutions aims to support more efficient and accurate decision-making throughout the mining lifecycle.
Positive
- Awarded comprehensive remote sensing program by Minerals Development Oman
- Project covers a large area of 16,000 km² across seven concessions
- Utilizes advanced technologies like machine learning and high-performance computing
- Potential for long-term partnership with MDO
Negative
- None.
Insights
The partnership between Viridien and Minerals Development Oman (MDO) marks a significant technological advancement in mineral exploration for the region. This collaboration could potentially unlock substantial mineral resources in Oman, which may have far-reaching economic implications. The use of AI-driven remote sensing technology represents a shift towards more efficient and cost-effective exploration methods.
From an investor's perspective, this deal showcases Viridien's competitive edge in the geospatial intelligence market. The company's ability to secure contracts with state-backed entities like MDO indicates strong market positioning and growth potential in the mining services sector. However, it's important to note that the financial terms of the agreement weren't disclosed, making it challenging to quantify the immediate impact on Viridien's bottom line.
Viridien's approach combines cutting-edge technologies in a unique way. Their use of machine learning, high-performance computing and advanced processing algorithms with multi- and hyperspectral satellite imagery is at the forefront of mineral exploration tech. The creation of 'Bare Earth Plus models' integrated with structural and geophysical data represents a holistic approach to resource identification.
This technology stack could significantly reduce exploration costs and time while increasing the accuracy of mineral prospecting. For investors, this highlights Viridien's potential for scalability in the mining tech sector. The company's ability to process vast areas (16,000 km² in this case) efficiently could attract more large-scale projects, potentially driving future revenue growth.
Paris, France – September 19, 2024
Viridien has been awarded a comprehensive remote sensing program by Minerals Development Oman (MDO), the leading mining entity in the Sultanate of Oman, to identify, map and rank mineralization prospectivity potential across seven concessions, covering a total area of 16,000 km². Following a series of remote sensing programs conducted to support mineral exploration initiatives, Viridien is now pleased to aid the strategic development of Oman's mineral resources led by MDO.
Viridien's multi-disciplinary team of experts will use machine learning, high-performance computing, advanced processing algorithms and archives of multi- and hyperspectral satellite imagery to create their innovative Bare Earth Plus models. These will be integrated with structural, airborne geophysical, and gamma-ray spectrometry data, to support MDO in identifying the mineral potential in the Samail and Masirah Ophiolites.
MDO’s CEO, Nasser Al Maqbali, stated: “We are pleased to partner with Viridien for this remote sensing program. This collaboration underscores our commitment to harnessing the power of AI tools and cutting-edge solutions and integrating them into our exploration and mining operations. We look forward to a fruitful partnership supporting our vision of expanding our mineral resources in the Sultanate.”
Peter Whiting, EVP, Geoscience, Viridien, said, "Following our fifty-year track record supporting mineral exploration projects, Viridien is pleased to assist MDO with our advanced remote sensing, AI and integrated Minerals & Mining solutions. Our aim is to support more efficient and accurate decision-making for mine operators throughout the mining lifecycle. We look forward to building a long-term partnership with MDO as they achieve their strategic vision of delivering a sustainable future for Oman."
Find out more about Viridien's leading geoscience expertise, data and services for mineral exploration here.
About Viridien:
Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN: FR001400PVN6).
Contacts
| Investor Relations Jean-Baptiste Roussille Tel: + 33 6 14 51 09 88 E-Mail: jean-baptiste.roussille@viridiengroup.com |
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FAQ
What is the scope of Viridien's remote sensing program in Oman?
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