Investor Presentaiton
Key risks
Product Quality
Orexplore's Current Technology Platform (comprised of the GeoCore X10Ⓡ product and the
Orexplore InsightⓇ software) is a new technology made up of complex instrumentation,
hardware, software, models and systems, that inherently require high levels of product quality
design, QA/QC, testing and calibration.
While Orexplore's Current Technology Platform has been through some field-based
commercial deployments and pilot programs, these have been focused strongly on early
solution adoption, and reliability, availability, and general performance of the Current
Technology Platform. Further quality assurance / quality control and development work is
planned across the Technology Platform to ensure sufficient levels of repeatability,
functionality, calibration and overall system performance to support existing solutions being
developed with customers and emerging solutions under development through our scanning
laboratories. It is possible that Orexplore's current solutions and potential new solutions may
not function in line with customers' 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.
The GeoCore X10Ⓡ and in development GeoCore X10+ products are highly complex systems
that utilise a vast array of instrumentation; processors; electronics; software and hardware
engineering; advanced simulation; and fundamental physics, mathematics, invention and
design. The Company's elemental detections and emerging 3D mineralogical models all rest
on the design and performance of these systems and processes, and a strong QA/QC
approach is fundamental to improving the individual and overall accuracy, reliability and
performance of systems and the elemental and mineralogical outputs.
Product Quality
The Company is continuing to advance its QA/QC program, driven by Orexplore's in-house
Engineering Manager to assess, improve and where necessary, rectify components and approaches
across the Company's existing and in-development products. Additionally, the products integration
with geological samples requires calibration between the product and the samples, and input from
geologists and mineralogists including calibration samples, all of which bears QA/QC and technology
risk. Whilst the Company's QA/QC processes are advancing, the historical development of its solutions
and products and the application of QA/QC bears risk to the products functionality and performance.
In addition, Orexplore's solutions and products have not yet been commercialised at scale and there
may be new obstacles when producing in large quantities, servicing multiple customers, and the
underlying product capabilities being able to effectively service the solutions. Any delays or disruption
may lead to the Company not meeting market demand for its products, which could adversely impact
its financial position.
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