Minerva Intelligence's DRIVER Software Wins Axora's Global Cost-Saving Technology Challenge

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[{"type":"text","content":"\n \n \n \n Minerva Intelligence's DRIVER Software Wins Axora's Global Cost-Saving Technology Challenge\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Oct. 14, 2021\n \n \n /CNW/ - Minerva Intelligence Inc. (TSXV: MVAI) (\"Minerva\" or the \"Company\"), an artificial intelligence software company focused on building decision support tools for climate risk, mineral exploration and mining, is delighted to announce the Company has won Axora's Global Cost-Saving Technology Challenge. The competition was launched earlier this year to discover new digital solutions for the metals and mining industries and promised to identify the solution that would best deliver rapid benefits, including full payback, within twelve months.\n \n \n Minerva held off competitors with its AI-powered platform, DRIVER, which analyses multi-element data to quickly simulate the 3D distribution and overlap of all the elements in a drilling dataset, where typically millions to tens of millions is spent on drilling.\n \n \n DRIVER does this by employing machine-learning-based statistical algorithms to automate the process of turning sparse drilling data into complete 3D block models. DRIVER is fast, accurate and comprehensive, automatically generating 3D block models of an entire drilling dataset within minutes, allowing decisions on them to be made quickly.\n \n \n \"It was an extremely close competition, but the judges unanimously agreed to award Minerva Intelligence's DRIVER the first prize because its business case was so compelling,\" said Dr.\n \n Nick Mayhew\n \n , Chief Commercial Officer, Axora. \"Minerva was able to demonstrate how its platform could save\n \n $75,000\n \n upwards per drilling hole that you don't drill, typically saving many times the cost of the solution, providing a hard cash saving together with time-to-completion advantages and a relatively simple deployment model.\"\n \n \n \"We're delighted to win Axora's Cost Saving Technology Challenge. Using DRIVER allows exploration and mining t...

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