Micromine, global leader in providing software solutions and consulting services to the exploration and mining industry, announced today that it has been successfully awarded a $5 million grant by AusIndustry. This will be the third grant awarded to Micromine by AusIndustry, the Australian government’s business programme delivery division in the Department of Innovation, Industry, Science and Research.

Spanning the next three years, the grant will be instrumental in developing MasterMine, a revolutionary new platform for mining and exploration software. The new information technology environment will see close integration and further consolidation between

Micromine’s principal applications, MICROMINE (mine design and modelling tool), GBIS (data management system), PITRAM (mine production control system) and DOME (mine production management system). Users will significantly benefit from a single-vendor solution that will facilitate strategic enterprise management.

Featuring the latest technology and engineering know-how, MasterMine will focus on evolving Micromine’s existing solutions in three distinct streams including resource data management, resource modelling and underground mine production control.

The new approach to the management of resource data will provide the platform for the development of data management models and approaches which is currently not possible through existing environments

The main aim of the project is to develop a platform which will increase effectiveness of companies’ IT infrastructure and utilisation of skilled human resources. Potential savings through reduction of data management costs can reach hundreds of thousands of dollars.

The exploration software industry leader, Micromine, together with leading domain experts, will help to advance resource modelling techniques and subsequently introduce them into mainstream software products used by the geological resource modelling professionals.

Through automated underground production control, MasterMine will provide operators with advanced production control features that are currently available only in the open-pit environment. There will be notable improvements to utilisation of equipment and people, with cost savings to be made per tonne mined. This technology is currently being developed in close consultation with the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

With plans to expand Micromine’s product development team by more than 30%, the total cost of the project is anticipated to amount to $11.4 million. This grant comes hot on the heels of Micromine’s overwhelmingly successful development and release of DOME which was also conceived with the help of a $2.6 million AusIndustry innovation grant back in 2005. Since then, DOME has been deployed at major mining houses around the world including at the landmark Fortescue Metals Group (FMG) project in the Pilbara region of Western Australia.

As soon as early prototypes of the solution are ready to be tested, Micromine expects to begin trialling the outcomes of the MasterMine solution with large mining organisations, midtier and junior explorers.

About Micromine

Micromine is the global leader in providing innovative software solutions and consulting services to the exploration and mining industries. With a suite of award-winning versatile applications, the company develops solutions for all personnel involved in the mining cycle. The organisation has grown significantly over the years and now boasts offices in more than twelve countries, with affiliates in almost every continent. Micromine is renowned for its world-class consulting team consisting of skilled geologists, surveyors, mining engineers and other key personnel who can provide the expertise needed for solving complex challenges on-site. With a global footprint and the pedigree that comes with experience, together with a world class support and service infrastructure, Micromine has developed a blue chip client base servicing industry leaders and continues to be at the forefront of innovation.

For more information, please contact:

Mahesha Thenabadu
Public Relations Executive, Micromine
+61 8 9423 9014
mthenabadu@micromine.com

Ben Vorster
Marketing Manager, Micromine
+61 8 9423 9015
bvorster@micromine.com