Mining Stock Daily

BHP Xplor: Accelerating the Future of Mineral Discovery

Sep 5, 2025
Marley Palin, a leader at BHP with a focus on innovation, discusses the transformative BHP Xplor program, designed to enhance mineral exploration. She shares how the initiative blends venture capital strategies with sustainable business practices. The program offers equity-free funding for early-stage companies, emphasizing collaboration over competition. Marley highlights the integration of cutting-edge technologies like AI and the program's strategic focus on copper, showcasing a new approach to navigating the mining industry's challenges.
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ANECDOTE

From Tech Innovator To Exploration Lead

  • Marley Palin stumbled into BHP after advising on accelerator design despite her tech and innovation background.
  • She transitioned into leading BHP Explore and stayed involved for years, learning geology on the job.
INSIGHT

Accelerator Model Needs Exploration Customization

  • Explore blends standard accelerator building blocks with heavy customization for exploration's constraints.
  • The program must embed safety, seasonality and permit realities unlike typical tech accelerators.
ADVICE

Plan Business Model And Scenarios

  • Define your company's business model and long-term strategy before seeking partners or funding.
  • Plan scenarios for success and failure so you can respond proactively rather than reactively.
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