ground-breaking data analytics system that transforms the...

Ground-breaking data analytics system

that transforms the profitability of mining

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About MineSense

• Disruptive technology that will transform a large industry

• Sensor enabled industrial digitalization with control of

mining’s most important data set

• Creates smart mining by providing information that has

never before been available to the industry

• Transformational impact on a customer’s P&L

• Significant reduction of the environmental footprint

• $10B addressable market (first phase)

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Why MineSense’s technology matters

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Imagine an industry that each year

• Generates $1 trillion in revenue

• Consumes $150 billion of energy

• Moves over 6 billion tons of material

• Has a process very sensitive to input

…but has limited visibility on the actual material!

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Mine operations today

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• Designate mine blocks based on static

measurement of small volume samples

• Assume homogeneity of blocks at large

length scale

• Do not account for actual natural variability,

ore distribution

• Whole block goes to either production or

waste

OR 100

%

100% 100%

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The MineSense Solution

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• Embraces grade variability and heterogeneity

• Real-time mineral sensing technology

identifies good rock in designated waste and

waste in designated good rock

• Delivers precision, accuracy and resolution

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The MineSense Solution

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• Embraces grade variability and heterogeneity

• Real-time mineral sensing technology

identifies good rock in designated waste and

waste in designated good rock

• Delivers precision, accuracy and resolution

• Routes the right material to the right

destination

AND 80% 20%

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The MineSense Solution

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Proprietary

Sensors

Rapid Data

Software Powerful Data

Analytics

Technology

Optimal ore classification

Detailed grade data

Real-time decisions

Enhanced mine planning

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The MineSense Products

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• Installed on mine mobile equipment

• Easily retrofitted into physical scoop

• Stand alone HMI, with option to

integrate with equipment systems

• Installed on processing conveyor

• Easily scalable and retrofitted onto existing

equipment

• Fully automated diversion that can be

integrated into material handling systems

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$10B Annual Market (First Phase)

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350 Copper & Copper/Gold Mines

= $5B

50 Iron Ore

= $3B

30 Lead/Zinc Mines

= $0.5B

250 Nickel Mines

= $1.5B

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Entering Revenue Growth Phase

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$0.1 $6.8

$22.3

$62.6

$86.6

$-

$10.0

$20.0

$30.0

$40.0

$50.0

$60.0

$70.0

$80.0

$90.0

$100.0

2016 2017 2018 2019 2020

MineSense Revenue Projections ($ millions)

$81

$48

$22

$2

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The MineSense Value Equation

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Debottlenecking

Increases Revenue

Value

Environmental impact

Financial impact = $20M to $200M / yr

25% lower

cost 30% higher

revenue

Higher asset

value

25% less

energy 25% less

water

40% less

tailings

Increased Ore

Recovery

Less Waste

Processed

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Technology Validation – Two Successful Pilots

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$26M / year

Demonstrated P&L improvement

$36M / year

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Customer Pipeline: January 2016

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Lab / MOU

Mine Pilot

Commercialize

Engage

Los Bronces

Escondida

New Afton

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Customer Pipeline: Current

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Lab / MOU

Mine Pilot

Commercialize

Engage

Engaged mines = $170M recurring revenue p/a

Engaged customers = $650M

Los Bronces

Red Dog

Salobo Candelaria

DMH Escondida

New Afton

HVC

Mount Polley

Pend

Oreille

Solomon Hub Sudbury

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Customer Total Value : Example

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HVC (Canada)

$4.3M

Nuevo

Union (Chile)

$8M

Que.

Blanco (Chile)

$2.5M Carmen se

Andacolla (Chile)

$5M

Antomina (Peru)

$6M

Red Dog

(USA)

$7M

Pend

Oreille (USA)

$2M

TOTAL=

$34.8M

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Commercialization Momentum Building

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• $11M in first full year high margin, significant recurring revenue

• Pricing set on % value capture held from initial MOU to final contract

• Fees paid for data / information, with add-on services possible

• Second contract in final stages 2 for 2 pilot to commercial conversion

• Contract underway, mine trial in May for a $20M/year revenue mine

First commercial contract signed

Business model validated

Solid pipeline to future contracts

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Fund-raising Update

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• Fund raising effort launched $7 to $10 million target

• Closed oversubscribed round for $15.8M (US$12M)

• New Investors to add international view and global reach

• Funding to accelerate commercialization

Ventures

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Jeff More (President & CEO)

jmore@minesense.com

+1 416 807 5873

minesense.com

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