Makor and AUYAN receive Innovate UK backing for Project Sensr360
Published by Will Owen,
Editor
Global Mining Review,
Makor Resources and AUYAN have announced funding from Innovate UK to advance the technical development, on-the-ground verification, and commercialisation of Project Sensr360, a satellite imagery and AI-driven monitoring system that evaluates and measures the risks associated with investments in capital-intensive sectors with high environmental and social sensitivity, such as mining.
Mining has been a cornerstone of human progress for millennia, providing essential resources that power our modern world. However, extracting these valuable materials often comes at a cost, with environmental, social, legal, and safety concerns looming large.
Brooke Bibeault, Makor Resources CEO, comments:
“As the energy transition intensifies, so does the demand for critical minerals. The affordability and speed of the energy transition will be heavily influenced by the availability of critical mineral supplies and could further push mining into environmentally and socially sensitive areas. The industry finds itself at a crossroads, seeking innovative ways to meet the world’s resource demands while minimizing its impact on the environment and the local communities, fostering responsible mining practices and guaranteeing sustainable development.”
Project Sensr360 is a solution set to pave the way for transforming responsible and sustainable mining through satellite imagery fused with other remote sensing technologies and artificial intelligence. It provides a comprehensive situational awareness to facilitate the due diligence and de-risk investment by enabling continuous and real-time monitoring of mining activities and providing critical insights into these activities’ environmental and social impacts, which is crucial for responsible energy transition and climate change mitigation efforts.
Alix Leroy, AUYAN’s founder and key development partner, further remarked:
“Satellite imaging provides a layer of information that complements data from in-situ remote sensors at mines. Our technology allows us to monitor the impact of mining activity over time, detecting potential environmental risks through wastewater monitoring and vegetation change detection.”
With further continued investment and enhanced development, this technology can observe the rehabilitation and restoration of natural habitats, ensuring that various companies meet environmental commitments.
Read the article online at: https://www.globalminingreview.com/technology-digitalisation/11122024/makor-and-auyan-receive-innovate-uk-backing-for-project-sensr360/
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