Australian bulk ore sorting technology company, NextOre, is in the market for A$10 million of equity funding, and debt finance, to help it meet a rising tide of opportunities in a copper-dominated growth pipeline.
The Sydney-based commercial vehicle for unique CSIRO magnetic resonance sorting technology, NextOre last year commissioned the world’s largest conveyor-mounted bulk ore sorter at a copper-gold mine in Zambia. It has an even bigger installation reaching a similar deployment phase at a copper mine in South America, and a new truck-mounted sorter heading into the field this month.
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