BHP’s new cohort-based accelerator program – Xplor – will offer early-stage startups in-kind services, mentorship, networking opportunities with industry, and investors and connections to hasten critical minerals exploration.
The program is set to assist early-stage mineral exploration startups find critical resources, such as copper and nickel, to drive the energy transition.
BHP Xplor merges concepts from both venture-capital and early-stage accelerators, to establish a fit-for-purpose exploration portfolio of innovative early-stage mineral exploration companies and helps drive their exploration campaigns.
BHP’s Chief Development Officer, Johan van Jaarsveld, said that through this program BHP hopes to create disruptive results in copper and nickel exploration by identifying new concepts, leveraging new data and testing opportunities at a much faster pace than discoveries to date.
“The demand for future-facing commodities, such as copper and nickel, needed to support the global energy transition is forecast to increase in the coming decades – the launch of BHP Xplor will help us accelerate in finding these critical commodities now and into the future,” Mr van Jaarsveld said.
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