Hypervine, a cleantech business specialising in
satellite imagery and data analytics has launched its new unlimited satellite
surveys service. This approach is executed through a fixed monthly fee of
£4,750, compared to the industry standards where one report per mine will cost
upwards of £5,000 each.
Hypervine's offering
promises to shake up numerous industries by providing cost-effective, accurate,
and comprehensive global data on precise mineral mapping, open pit mines and
even some below ground activities, organic material monitoring and more.
Hypervine's surveys can offer an alternative to existing reports with
satellite-sourced imagery and data at a fraction of the cost of existing
offerings, without the costly need of having people on-site at the mines
themselves.
Hypervine builds on its
partnership with the European Space Agency (ESA) to create the satellite
surveys. It utilises advanced imaging and analytics to monitor mine activities,
track changes in infrastructure, and assess environmental conditions, offering
unparalleled insights into mine operations, environmental impact, and resource
management for prospectors, investors, mining firms, insurers or more. The service,
which leverages and builds on Hypervine's extensive database, one of the
largest and most accurate collections of base metal datasets globally, includes
detailed reports on ferrous metal content, land surface temperature changes,
and vegetation indexes, among other key indicators.
These reports are
invaluable for companies looking to invest in or monitor mining operations, and
need to extract insights from large volumes of data without being experts in
data processing techniques, while providing a level of detail previously
impossible without physical site visits. This kind of access to satellite
data is not only more
affordable than traditional survey methods but also provides medium to large
companies with critical data to make informed decisions, far faster than
traditional methods of data gathering on-site.
Paul Duddy, CEO of Hypervine, stated, "Our unlimited satellite survey
service is a game-changer for investors and the mining industry. By offering
detailed, accurate, and timely data at a fixed monthly cost, we are opening up
new possibilities for how assets are monitored, managed, and invested in. This
service is a testament to our commitment to innovation and our belief in the
power of satellite technology to drive data-backed decision making."
Hypervine satellite
surveys can be used for due diligence before traditional 'on the ground due diligence',
monitoring commodity patterns, including production, activity, and
environmental analysis. Satellite surveys may help prevent or identify early
disasters such as the Brumadinho Disaster and the 2020 Hpakant jade mine
disaster. If such an eventuality does occur, this technology can massively
support the mitigation of compounding adverse effects.
Hypervine's service
simplifies and reveals information previously inaccessible due to the complex
nature of processing satellite data and the expense of it. Stakeholders and
investors in a mine's output will have a clearer understanding of what is
happening with the mine, concentrating on the outputs and their implications
for their work, rather than getting bogged down in the technical aspects of
data processing, and able to prepare for any potentialities. They will also be
able to compare mines directly thanks to the standardised reporting satellite
data offers.
The introduction of this
service and its series of free monthly reports comes at a time when the demand
for base metals, such as copper, bauxite, and iron, is surging due to their
critical role in battery production and the broader transition to renewable
energy sources. Hypervine's offering is perfectly positioned to support this
growing need, providing valuable data to investors, environmental groups, data
companies, and the mining companies themselves.
Hypervine's service is
designed to be highly accessible, catering to the needs of a wide range of
stakeholders. Whether it's for due diligence, environmental monitoring,
insurance, or investment analysis, Hypervine provides a reliable,
cost-effective solution.
