# NextOre

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nextore

- Industry: Mining
- Headquarters: Silverwater, Australia
- Website: www.nextore.com.au
- Total disclosed funding: $5M
- Latest round: Series B (Jul 31, 2023)
- Investors on record: 1

## About

Founded in 2017 and based in NSW, Australia, NextOre Ltd. operates as a magnetic resonance technology and bulk ore sorting company, enabling mining companies to have technical and commercial expertise. As of 2023, the company is led by its CEO, Chris Beal. In July 2023, RFC Ambrian raised USD 5 million in series B funding for NextOre Ltd. 

The company uses its magnetic resonance technology, known as NextOre, for sensing, sorting, and tracking solutions to help mining operations at every stage of ore handling, from design to implementation. The MR sensor, placed over industry-standard conveyor belts, provides immediate whole-ore grade measurements. These real-time measurements allow operations to separate waste material, resulting in higher-grade and reduced tonnage mill feed.

## Funding rounds

- Series B, Jul 31, 2023, $5M — RFC Ambrian

## Investors

- RFC Ambrian (https://capitalatlas.ai/funds/rfc-ambrian) — Series B