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Hypervine launches satellite survey service

10th May 2024

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

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Satellite imagery and data analytics specialist and greentech business Hypervine has launched a new unlimited satellite surveys service.

The Glasgow-headquartered group aims to provide cost-effective, accurate and comprehensive global data on precise mineral mapping, openpit mines and some below-ground activities, as well as organic material monitoring, besides others, for a fixed monthly fee of £4 750.

According to the company, this compares favourably with industry standards where one report on a mine costs upwards of £5 000.

“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,” explains Hypervine CEO Paul Duddy, adding that clients also have the flexibility of cancelling or pausing anytime.

Hypervine’s offering provides valuable data for investors, environmental groups, data companies, insurers, prospectors and mining firms, besides others, amid a surge in demand for base metals such as copper, bauxite and iron, owing to their critical role in battery production and the broader transition to renewable-energy sources.

“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.”

The service, showcasing the power of satellite technology to drive data-backed decision-making, uses advanced imaging and analytics to monitor mine activities, track changes in infrastructure and assess environmental conditions, offering in-depth insights into mine operations, environmental impact and resource management.

Hypervine builds on its partnership with the European Space Agency (ESA) to create the satellite surveys, as well as leverages its extensive database, which Duddy says is one of the largest and most accurate collections of base metal datasets globally and includes detailed reports on ferrous metal content, land surface temperature changes and vegetation indexes, along with other key indicators.

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, as well as enable direct mine comparisons, owing to standardised reporting satellite data.

The service simplifies and reveals information previously inaccessible, owing to the complex nature of processing satellite data and the expense of it, he continues, elaborating that stakeholders and investors will have a clearer understanding of what is happening with the mine.

This will enable focus on the outputs and the implications for the work, rather than being “bogged down” in the technical aspects of data processing, and will also enable preparation for any potentialities.

“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,” says Duddy.

“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.

“Hypervine’s service is designed to be highly accessible, catering to the needs of a wide range of stakeholders. Whether it is for due diligence, environmental monitoring, insurance, or investment analysis, Hypervine provides a reliable, cost-effective solution,” Duddy concludes.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

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