HyLogger uses the spectra of reflected light from mineral surfaces to interpret the mineralogy of the material. It is far more reliable for systematic mineral identification than visual techniques used in most drilling programmes, CSIRO explained.
It also provides near real-time analysis, so that costs and delays associated with laboratory analysis are greatly reduced.
CSIRO research director Dr Rob Hough said commercialising the technology with Corescan opened the way for the industry to truly take advantage of hyperspectral analysis of drill materials for exploration and mining, and further reinforces Australia's place as a global leader in the provision of mineral-exploration and mining technology.
"Through our partnership with the Australian state geological surveys, the National Virtual Core Library and AuScope, hyperspectral data is now routinely acquired at government core repositories and is generating new knowledge on mineral systems," Hough said.
"Transferring the technology and ongoing development to Corescan, an Australian SME, will enable CSIRO to focus on the application and integration of hyperspectral information with other data sets to support mineral exploration through cover and for rapid resource characterisation in deposits."
Managing director Neil Goodey said Corescan plans to integrate HyLogger into its existing suite of advanced hyperspectral imaging equipment, giving the company a broader range of solutions to accommodate different commodities and better meet customer requirements at different stages of the exploration and mining cycle.
"Corescan will also be offering support services to the existing HyLogger community and will leverage its global reach to bring the technology to new international markets," Goodey said.
The Australian exploration industry spends close to A$600 million (US$ 458 million) per year drilling holes to locate economic mineral resources.
Detailed knowledge of the mineralogy and alteration patterns associated with prospective mineral regions is crucial to guide exploration success and attract further international investment into Australia.