The initiative leverages the real-time Ambient Noise Tomography survey capabilities of Fleet Space’s mineral exploration technology on a large scale geophysical survey in New South Wales.

Global inactivity reached 25.4% on May 8, with seasonal maintenance closures remaining a key feature, Earth-i said.

The Tucumã open-pit mine is expected to produce 7,000 to 25,000 tonnes of copper concentrate this year.

The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade.

MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of Khoemacau mine.

The Chilean state behemoth struggles to maintain its status as the world’s top copper supplier.

The net proceeds will be used primarily for exploration and infill drilling at the project and for regional exploration.