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Ma’aden partners with Fleet Space and Tahreez to unlock Saudi Arabia’s mineral potential

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Global Mining Review,


Fleet Space, a leading Australian space exploration company, and Tahreez, a smart solutions provider and subsidiary of Alturki Holding, have announced the signing of an MOU outlining a partnership with the Saudi Arabian Mining Company (Ma’aden).

The agreement will help provide the latest breakthroughs in space, multiphysics, and AI drill targeting services to accelerate discovery and development of mineral resources in the Kingdom of Saudi Arabia. This will enable Ma’aden to deploy Fleet Space’s vertically integrated technology stack, ExoSphere, to drive real-time 3D subsurface imaging at scale – a vital capability needed to unlock the exploration potential of the Arabian Shield and drive progress toward Vision 2030.

“Integrating leading-edge, world-class exploration technologies is a central pillar to Ma’aden’s ambitious growth strategy”, said Bob Wilt, CEO of Ma’aden. “This collaboration will accelerate our path to discovery, and strengthen the Kingdom’s position as a mining innovation leader and a foundational partner for the global mineral value chain.”

Through a recently formed joint venture between Tahreez and Fleet Space, a regional task force will be created by the joint venture to support the rapid deployment of ExoSphere across Ma’aden’s projects and opportunity zones in the Middle East to identify potential targets for future development. Used by global mining leaders like Rio Tinto, Barrick, Gold Fields, and AngloGold Ashanti to deliver 3D imaging of mineral systems up to 7 km in depth, ExoSphere enhances data-driven exploration with near-zero environmental impact, furthering ESG and sustainability principles for customers worldwide.

“This collaboration reflects a force multiplier for the Kingdom’s dynamic mining sector and another bold stride for Vision 2030,” said Francesco Fidicaro, Managing Director of Tahreez. “By combining the latest advances in AI and space with Ma’aden’s sector leadership, this powerful new initiative reinforces KSA on the forefront of the global mining value chain and outlines a potential path to accelerate sovereign mineral discovery.”

For the innovations in real-time exploration and sustainable mining practices unlocked by Fleet Space’s end-to-end exploration platform – ExoSphere – the company recently closed a USD$100 million Series D funding round with a valuation of USD$525 million, led by Teachers’ Venture Growth (TVG), the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan. The new investment will be used to expand the capabilities of ExoSphere, which integrates Fleet Space’s satellites in LEO, smart sensors, and AI to streamline the acquisition, processing, and integration of exploration datasets, delivering high-quality targeting insights in days while minimising environmental impact. Fleet Space launched its most advanced exploration satellites – Centauri 7 and Centauri 8 – on SpaceX’s Transporter 12 mission this week, building its satellite capacity to support an expansion of ExoSphere’s capabilities for customers worldwide.

Read the article online at: https://www.globalminingreview.com/mining/20012025/maaden-partners-with-fleet-space-and-tahreez-to-unlock-saudi-arabias-mineral-potential/

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