Lumo - bringing real-time drill core intelligence to mining
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Lumo Analytics is advancing mining analytics with a solution for on-site mechanical analysis of drill cores, helping the industry respond to rising demand for critical minerals while improving operational efficiency and environmental performance. As mining companies face pressure to secure raw materials for electrification and the green transition, they also need faster and more accurate ways to assess ore bodies, reduce waste, and optimize processing. Lumo addresses this market opportunity by bringing near real-time drill core intelligence directly to exploration and mining workflows.
The company’s innovation combines laser-induced breakdown spectroscopy with proprietary analysis of optical and acoustic signals to estimate elemental, mineral and mechanical properties without the long delays of laboratory testing. By enabling instant on-site feedback, Lumo can help mining operators improve ore targeting, reduce unnecessary processing of waste rock, and lower energy use and chemical consumption. Supported by the EIC Accelerator, the company’s development goals include fast-tracking its comminution properties tool, expanding its analysis products within existing mining workflows, and accelerating market adoption of advanced drill core analysis.
EIC Accelerator provides an excellent financing opportunity for small and medium sized companies for product development and commercial uptake with novel technologies. Applying for the EIC Accelerator funding should be considered if your company:
- has developed a novel technological solution with a superior value proposition;
- has tested and validated a prototype proving the benefits of the technology;
- has early traction with the first customers and proven strong market demand for the solution.
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