Strategic Elements Ltd’s subsidiary Stealth Technologies has secured its inaugural commercial pilot deployment of the EdgeiQ system at an underground gold mine in Western Australia, marking a significant milestone in the technology’s commercialisation journey.
- First commercial pilot order for EdgeiQ technology secured
- Pilot deployment valued at approximately AUD 225,000
- Deployment at an operating underground gold mine in Western Australia
- 12-month software licence and system support included
- Company retains all intellectual property rights
Strategic Elements Takes EdgeiQ to the Underground Mine
Strategic Elements Ltd (ASX, SOR), through its wholly owned subsidiary Stealth Technologies Pty Ltd, has taken a pivotal step towards commercialising its EdgeiQ production efficiency technology. The company announced it has received its first commercial purchase order for a pilot deployment of EdgeiQ at an operating underground gold mine in Western Australia. This marks the transition of EdgeiQ from development and testing phases into real-world application.
Valued at approximately AUD 225,000 excluding GST, the contract covers the supply and installation of the EdgeiQ system, alongside a 12-month pilot software licence that includes ongoing system monitoring and support. This pilot deployment is designed to rigorously evaluate the technology’s performance under live mining conditions, providing both Strategic Elements and its client with critical insights into operational benefits and potential efficiencies.
From Concept to Commercial Pilot
EdgeiQ has undergone a comprehensive development journey, including concept design, prototype building, and pre-deployment testing, all with a focus on readiness for the challenging environment of underground mining. The technology aims to enhance production efficiency, a key priority for mining operations where optimising throughput and reducing bottlenecks can significantly impact profitability.
Managing Director Charles Murphy emphasised the importance of this milestone, noting that the pilot deployment represents a deliberate and carefully prepared step towards commercial validation. The live underground setting will provide invaluable data on how EdgeiQ integrates with existing operations and delivers measurable improvements.
Strategic Fit and Future Prospects
The pilot comes amid growing interest in technologies that boost production efficiency in the gold and copper sectors, where the value of extracted material per tonne is relatively high. While the initial deployment is focused on gold mining, the technology’s applicability could extend to other underground operations depending on site-specific factors such as mine life and processing capacity.
Stealth retains full ownership of the intellectual property underpinning EdgeiQ, positioning Strategic Elements to control future commercialisation pathways. Any expansion beyond the pilot phase will require separate agreements, but the company’s ongoing updates will be closely watched by investors eager to see how the technology performs and scales.
Broader Innovation Ecosystem Engagement
Beyond mining, Stealth has leveraged collaborative programs and government grants aligned with defence and national security priorities to mature its core technology platform. This cross-sector development has contributed to the robustness and field-readiness of EdgeiQ, underscoring Strategic Elements’ broader strategy of patient capital investment in early-stage innovation through its status as a registered Pooled Development Fund.
As the pilot progresses, Strategic Elements plans to provide further updates in line with its continuous disclosure obligations, keeping the market informed of key milestones and performance outcomes.
Bottom Line?
EdgeiQ’s pilot deployment could unlock new efficiencies in underground mining, but its broader commercial success hinges on live operational results and market adoption.
Questions in the middle?
- How will EdgeiQ’s performance under live conditions compare to pre-deployment testing?
- What are the prospects for contract renewal or expansion beyond the pilot phase?
- Could EdgeiQ technology be adapted for other mining sectors or geographies?