Aurora Labs Limited, Bibra Lakes, Western Australia, Australia, has signed a non-binding term sheet with subsidiaries of Fortescue Metals Group, a global leader in the iron-ore industry with integrated operations across three mines sites in the Pilbara region of Western Australia.
The agreement comprises an Industry Partner Program, with the opportunity for Aurora to work with Fortescue on the company’s metal Additive Manufacturing technology to demonstrate the potential for application of Aurora’s Rapid Manufacturing Technology (RMT) in the mining industry. The venture could progress to Aurora developing technology or processes that may reduce production and operation costs in the mining and resources sectors.
David Budge, Managing Director of Aurora Labs, stated, “We’re very excited to sign a preliminary agreement with Fortescue and pursue the opportunity to apply Aurora’s Rapid Manufacturing Technology to the mining sector. Fortescue are an ideal industry partner for us and they are at the forefront of technological advancements in the mining sector.”
“We are building our Industry Partner Program with VEEM, DNV-GL, Advisian and Fortescue and it’s great to see some of Australia’s largest companies are keen to explore our technology,” he continued. “We see this as validation of what we are developing and it acknowledges the high potential that 3D printing has in transforming how parts are created and optimised.”