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Mithras Industries

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Humanity needs more metal extracted in the next 25 years than the past 70,000 combined⟴, requiring improving today’s underground mining economics, reducing the cost per discovery, and decreasing the time it takes to go from discovery to production. A core issue across all these is drill speed and its labor costs. The Ta Khoa Copper-Nickel project took 100,000m of exploratory drilling to validate the order body. Done with conventional drill bits facing hard rock (3 ft/hr), worst case scenario it'll take a 4-8 person team 5+ years and costing more than ~$3.5 million. Our drilling modality at 100-300 ft/hr will take 6-12 weeks. We are building plasma-based drilling rigs for underground mines with 10-30x drill speeds, spectroscopy for real time orebody mapping so blast engineers can skip low concentration zones, and directional pre-fracturing while drilling so less explosives can cleanly break intended rock planes and prevent subterranean structural damage. With this new modality of drilli

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