Investor Presentaiton
Key risks
Product development
Orexplore's future success depends on its ability to continually enhance and improve existing
solutions, products and features as well as to develop new solutions and products to meet
market demands.
While Orexplore's Geocore X10Ⓡ product and Orexplore InsightⓇ software have been through
various field-based commercial deployments and pilot programs, further development,
testing, and quality assurance is planned and additional software solutions are under
development to support adoption. It is possible that Orexplore's current solutions and
potential new solutions may not function in line with customer expectations or may contain
unforeseen faults. This may lead to requirements for the Orexplore Group to rectify, improve
or refine its solutions and products, which may diminish operating margins or lead to losses.
Additionally, the Company is currently developing a range of solutions across the mining
value chain that require investment and substantial customer engagement to capture
customer requirements. These requirements in some cases must then drive further
development of the Orexplore Technology Platform to enable the delivery of quantifiable
value to the customer, and are subject to risk-bearing development, testing and feature
advancement, that must also pass validation of their true value in an operating site. Any
development of new solutions based on developing technologies bears significant risk.
The Company's technology strategy and roadmap includes significant software engineering
and development of the Orexplore InsightⓇ software with regard to its architecture,
functionality and performance and the evolution of the way users interact with the system.
Development pathways include the potential use of machine learning (ML) and other
technologies to advance the platform towards semi-automating some core analysis tasks over
time.
This development plan bears risk with regard to its use of underlying technologies developed by
others and their integration and use within the platform and may impact on the Company's ability to
deliver suitable products over time.
While Orexplore has a significant research and development team and investment program, there is
no guarantee that the Company will be able to undertake research and product development
successfully. There is a risk that during the research, design, development and testing of the
Company's future products that unforeseen costs will be incurred and that the products and
solutions will not perform or test as expected. If testing during product development produces results
that do not meet the Company's expectations, this could result in delays to the Company's growth
plans. A failure to successfully develop new and current products or a delay stemming from product
development will adversely affect the Company's financial position and prospects.
The Company's success will depend on the Company's ability to implement its business plan that is
heavily reliant on the successful development of its products. The ability to commercialise its products
at a sufficient scale and the ability of the Company to successfully implement its research and
development plans that underpin these products bears significant risk. There can be no guarantee
that the Company can or will be able to commercialise its products at sufficient scale. Additionally,
the technology may require further substantial work for use at a commercial scale.
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