On March 4, 2018, Goldcorp and KPMG co-hosted #DisruptMining 2018, kicking off this year’s annual Prospectors and Developers Association of Canada (PDAC) conference as the innovation accelerator designed to encourage new technologies and ideas to solve some of the biggest challenges in mining.
Amber Mac, the evening’s emcee and a Globe & Mail bestselling business author, an innovation keynote speaker and freelance TV host for Bloomberg, BNN and Fast Company, introduced the four finalists to present their innovations to the panel judges and approximately 600 attendees at the grand finale.
Acoustic Zoom impressed the judges with their ultra high-frequency 3D drill hole seismic imaging and earned the opportunity to negotiate a contract or investment of up to CAD$1 million1 with Goldcorp. Acoustic Zoom aims to unlock the potential of Canada’s mineral exploration sector with high frequency 3D imaging to help map complex geological formations deep within the earth’s micro-structure. After earning a spot as a semi-finalist in #DisruptMining 2017, Acoustic Zoom perfected their technology and submitted again in 2018 earning a spot as a finalist. A breakthrough in its ultra high-frequency 3D drill hole seismic imaging method provides an unprecedented resolution of subsurface geological structures, while reducing their 3D survey costs by up to 90 percent. Acoustic Zoom’s method is intended to help exploration teams drill smarter, guide planning and achieve investment value quicker with more actionable and accurate information.
“Technologies like the one presented by Acoustic Zoom will get us to our vision of being a technology company – and a mining company – faster,” said Todd White, COO, Goldcorp. “Each of the finalists brought something unique to the challenge making the deliberation process difficult for the judges. It was crystal clear at the #DisruptMining finale that disruptors are responding to our call to innovate.”
Deciding the fate of the four finalists was a panel of industry titans:
- George Salamis, President & CEO, Integra Resources
- Rob McEwen, Founder and CEO, McEwen Mining
- Todd White, COO, Goldcorp
- Veronica Knott, University of British Columbia Mining Engineering student and 2017 Engineers Canada Gold Medal Student Award recipient, and
- Wal van Lierop, President & CEO, Chrysalix Venture Capital
While the judges deliberated on the winner, keynote speaker Joi Ito challenged the audience to strategically embrace risk and adapt to change more quickly. Joi is the director of the MIT Media Lab, Professor of the Practice at MIT and the author, with Jeff Howe, of Whiplash: How to Survive Our Faster Future. He is chairman of the board of PureTech Health and serves on several other boards, including The New York Times Company, Sony Corporation, the MacArthur Foundation and the Knight Foundation.
Net proceeds of $230,000 from the #DisruptMining live finale will be granted toward mining, innovation and technology scholarships to the University of British Columbia over the next three years. In addition to the scholarships, Goldcorp and KPMG announced $100,000 pledge to HEROS hockey program, which helps vulnerable kids participate in hockey programs.
Watch the four finalist video pitches here:
1 CAD$1 million investment not guaranteed, and/or investment may be allocated among multiple finalists; exact level of investment, if any, is at Goldcorp’s sole discretion and subject to completion of appropriate due diligence.