NextOre and MRead merge to form MagnaTerra Technologies
We have some significant news to share.
NextOre and MRead Limited have merged to form a new company: MagnaTerra Technologies. After years of working separately applying magnetic resonance technology in two very different fields our two teams have come together to tackle two of the most complex and consequential challenges of our time: making mining more efficient and sustainable, and helping clear landmines more quickly and more safely.
It is not every day you get to say you are part of a company working at the intersection of critical minerals and humanitarian demining. We do not take that lightly.
For our part, NextOre has spent years proving that MR technology can fundamentally change how mines measure and recover ore — delivering real-time, whole-of-ore grade measurements that help operations make better decisions, process less waste, and extract more value. MRead has taken the same foundational technology in an extraordinary direction, developing a handheld detector that identifies buried explosives at the molecular level, helping deminers work faster and return land to communities safely.
Together, under MagnaTerra Technologies, we carry both missions forward.
None of this would have been possible without the people who believed early. A heartfelt thank you to Rob Adamson and the team at RFC Ambrian, who co-founded both NextOre and MRead and backed us from the very beginning. And to the scientists, engineers and early believers — many of them at CSIRO — who spent years building the scientific foundation that everything we do rests upon: we are deeply grateful.
To our customers, partners and supporters who have been part of the NextOre journey — thank you. The work continues, and the best of it is still ahead.
The full story was covered by AFR technology writer Tess Bennett. Read the article in the Australian Financial Review here.