Novamera, a venture capital backed start-up, is developing “keyhole surgery” for mining, an innovative clean technology and process that will be able to mine the numerous small-scale narrow vein mineral deposits found worldwide more safely, economically and sustainably using unique downhole sensors, machine learning algorithms and industry proven drilling technology.
With a never-ending need for mineral resources, Novamera’s technology will minimize environmental impact by only extracting ore and leaving waste in the ground. Mining operations will, therefore, have a smaller footprint, particularly with respect to tailings facilities, while doing so using less energy and emitting approximately 50% less greenhouse gases compared to conventional selective mining techniques.
SMD is highly cost effective when considering the limited development costs associated with the method and the fact that the system targets only ore, not having to dispose of waste rock. Mining companies will, therefore, benefit by being able to develop known mineral deposits or zones that may not be economic today and extend existing mines beyond their current engineering limits, leveraging existing infrastructure.
Novamera expects its technology to have a lasting positive impact on safety, the environment and the economic well being of mining companies and the communities in which they operate.
Novamera was a finalist in the 2019 Disrupt Mining Competition sponsored by Goldcorp (now, Newmont Goldcorp).