Can you share highlights and major milestones from 2023?

We expanded globally, particularly in Latin America, with Brazil as a key market, and are working to expand further in these regions. We released four new product lines focused on ore dilution and waste reduction. Our aim is to deliver a ‘mine to metal’ solution, enabling customers to better control dilution during metal extraction. We also added two AI solutions for mobile devices. The first, FieldR, allows for drill plan design and drilling data collection, and the second, FragR, enables quick on the spot fragmentation analysis. The mobile apps make data collection more accessible and efficient. What are the benefits of Stayos’ recent partnership with Wingtra?

The partnership expands our sensor package capabilities. Wingtra offers advanced RGB and multi-spectral sensors that provide high-resolution data rapidly on mining sites. The partnership allows us to leverage Wingtra’s hardware solutions alongside our software, allowing customers to access high-quality data integrated with our AI models. Why is reliable geotechnical data critical in mining operations?

Reliable geotechnical data is critical for the proper monitoring and planning of mining operations and deriving incredibly valuable insights into how to optimize those operations. The problem, however, is the geotechnical data collected by mining operations is rarely reliable due to poor quality, insufficiency, or the amount of time it takes to conduct a traditional survey. By the time the data collection is finished the data is already obsolete. Using drones for surveying, particularly those like Wingtra, which can map large mine sites quickly, significantly accelerates this process while enhancing quality and resolution.

This data integrates seamlessly with platforms like Strayos Rock Mass AI, enabling mining operations to maintain up-to-date geological models for better mine planning and blast design. Can you elaborate on the benefits associated with Strayos’ solutions?

In mining, even the smallest improvements can result in hundreds of thousands in cost savings if not more. Strayos uses advanced Digital Twin technology combined with powerful AI models, to identify areas of improvement in mining sites and operations allowing for increases in efficiency, productivity and safety. How has the adoption of new solutions been in the Western USA?

Interestingly, we have observed faster adoption rates in countries like Mexico and Peru compared to regions in the Western USA. How important are longer-term contracts for the AI models to learn and progress?

Incredibly important, especially for the individual user. The longer a customer uses Strayos, the more data they input, the greater the AI models can tailor themselves to their operations. How has the adoption of AI progressed in the industry?

I am seeing a strong push for greater adoption of AI solutions within the mining industry as the industry becomes more comfortable with the technology and is beginning to realize the enormous benefits that can be realized by using it. We are particularly focusing on generative digital twins, which apply our AI models to sensor, image and geospatial data. This approach has the potential to create numerous applications beneficial to mining operations.

Each country has a unique technology adoption pace. We are seeing significant demand from nations eager to adopt AI, even if they have not previously utilized any software. Interestingly we often see these countries leapfrog directly into advanced AI technologies.

The biggest difference in the industry from when Strayos started is that AI has transitioned from being a buzzword to becoming an integral part of operations, which is a positive development for the industry. What are your objectives and expansion plans for Strayos?

In the Western USA, we continue to expand our presence and have recently added new customers. We hope our partnership with Wingtra, which has a significant footprint in that region, can help customers in the Western USA explore our solutions.

The metal sector is a key focus for us, especially considering the geopolitical importance of critical minerals found in the Western USA. We are investing in solutions that address mining challenges like dilution and fragmentation control. We have established a dedicated team in the region, particularly around Denver, and are adding more members in Arizona and Nevada to support the adoption of our technology. Having team members on-site is crucial for understanding and promoting the use of our software solutions.