Veracio, a subsidiary of Boart Longyear, provides mineral exploration and mining companies with a range of technology solutions that are specifically designed to improve the speed, richness and reliability of drilling core and chip samples and downhole data.

Under the terms of the agreement, Tribe Tech and Veracio will jointly develop a new and novel system for blast hole chip sampling, incorporating Tribe Tech's proprietary intellectual property (IP) and Veracio's proprietary IP. The outcome of this agreement will expand the offerings of both parties, including the development of further IP during the joint development, which will be owned in equal shares by Tribe Tech and Veracio.

Charlie King, CEO of Tribe Tech, said: "Our strategic partnership with Veracio represents an important milestone in our journey towards becoming the market leader in drilling automation in the mining industry. We are always looking to develop our capabilities and the agreement with Veracio provides an opportunity for Tribe Tech to expand our offering and capitalise on existing market opportunities."

JT Clark, CEO of Veracio, added: "At Veracio, we have deep and extensive expertise and experience developing products and services for the mineral exploration industry, we know it well. This partnership is an important step to extend our capabilities, into production mining as well. Tribe Tech have shown a fantastic collaborative spirit and we're excited to see what we can develop together."

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