Talon Metals, which has a nickel supply contract with Tesla, is one of 27 companies keen on Fleet Space’s tech to speed up exploration of materials crucial to electric vehicles.
“It is going to be bigger than the previous one,” she said. The November 2021 raising valued the company at $US126 million and investors included Artesian Venture Partners, Blackbird Ventures and Grok Ventures, the entity run by tech billionaire Mike Cannon-Brookes.
Core chairman Greg English told shareholders at the annual meeting last week its total exploration budget would “at least double” next year. The new ambient noise tomography system developed by Fleet had been successfully trialled at depths greater than 500 metres.The lithium producer has a new chief executive, Gareth Manderson, who joined in August after two decades at Rio Tinto.
Mining giant BHP lifted a takeover bid for Australia’s largest pure-play copper miner, OZ Minerals, by 13 per cent in mid-November toJPMorgan predicts the metal could make up 40 per cent of BHP’s earnings by 2030, from 25 per cent in 2024.swap to electric vehicles
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