Independent, auditable ground truth on mining assets, verify before you fund, monitor after you fund.
Mineral assets are hard to underwrite because the numbers that matter, grade, tonnage, production, movement to port, usually arrive as figures the operator reported about itself. LoderaIQ gives financiers a parallel, independent line of sight: satellite observation, with drone survey rolling out, AI measurement, field-portable XRF grade measurement, and a tamper-resistant chain of custody, all reconciled on one registry, one map, one audit trail. The result is diligence you can defend and collateral you can keep watching after the money goes out, without a standing presence on site.
Request a briefingOperating today on a national mining programme
The single strongest de-risking signal for anyone underwriting against our data.
LoderaIQ is live and in operation on a national mining programme, with the aerial drone-survey layer rolling out next. We scope each engagement with the counterparty and share a commercial offer built around it, so a financier can bring an asset or a portfolio onto the platform for verification. This is running production tooling reconciling licences, activity and custody at national scale, the same machinery you would rely on to underwrite and monitor an individual deal. Deployment scale, monitored area and reconciliation references are available to qualified counterparties under NDA.
Live in operation
Deployed and running on a national mining programme, the satellite, AI, XRF and custody layers are live today, with the aerial survey layer rolling out next.
Aerial layer rolling out
Drone survey with AI geological interpretation is being added to the satellite, AI, XRF and custody layers already in service.
Commercial model
We scope the engagement with you and share a commercial offer built around it, so verification maps to the asset or portfolio you are watching.
From periodic spot-checks and self-reported figures to continuous, independent, auditable truth
The problem is not a shortage of data. It is that the data underwriting a mining asset is usually produced by the party being underwritten.
Resource statements, production returns and shipment tonnages typically originate with the operator, are sampled periodically, and are difficult to challenge after the fact. That leaves financiers exposed to the gap between what is declared and what is actually happening on the ground, over-stated grade, under-reported production, activity drifting outside licence, and ore that leaks between mine and port. LoderaIQ closes that gap by observing the asset directly and continuously against a dated baseline, measuring it with AI and field assay, and recording every observation on a shared, tamper-resistant audit trail. You still rely on competent-person and qualified-person sign-off for code-compliant reserves; what changes is that you now have an independent evidentiary layer to test those figures against, before and after you commit capital.
Periodic and self-reported
Spot-check inspections, operator-supplied returns, and resource figures you cannot independently reconcile, a diligence process that ages the moment it is signed.
Continuous and independent
Directly observed activity, defensible grade and tonnage, and a live audit trail you control the line of sight into, diligence that keeps working after the deal closes.
What you can independently verify
Concrete questions a financier actually asks, answered with observation, not assertion.
Each item below is verified against direct observation and measurement rather than operator reporting, and every finding is time-stamped on the audit trail so it stands up when it is challenged. Read this as the checklist you would run in diligence and then keep running as a covenant monitor.
Actual vs reported extraction
Observed pit expansion and stockpile change measured over time against a dated baseline, so declared production can be reconciled with what the site physically shows.
Defensible grade and tonnage
Volume from satellite DEM-differencing today (drone photogrammetry rolling out for centimetre accuracy), paired with field-portable XRF grade measurement for grade, an evidentiary basis for tonnage and quality, distinct from an operator’s own numbers.
Activity inside licence
Observed extraction is checked automatically against licence geometry, flagging any activity outside the permit or in relinquished or no-go ground on or adjacent to the tenement.
Chain of custody to export
Loads and trucks tracked mine to warehouse to export port with weight capture, QR/RFID tags and digital trip approvals, provenance you can trace rather than take on trust.
Revenue integrity to port
The movement of ore reconciled against export permits and declared volumes, surfacing where value leaks between the pit and the point of sale.
Legality and country risk
Whether the asset behind the cash flow is operating on valid tenure, and whether illegal or artisanal activity is encroaching on the licence area.
Where independent verification changes the economics of a deal
Underwriting, monitoring, protection and screening, the places where better ground truth reduces loss and diligence cost.
The value of an independent data layer is not abstract assurance; it is fewer surprises across the life of the exposure. These four levers map to the reasons capital is lost or mispriced on mining assets, and to the diligence work that independent observation can compress.
Underwrite with independent data
Test resource, grade and production claims against directly observed measurement, reducing reliance on site visits and self-reported figures during diligence and speeding the cycle to a decision.
Monitor collateral continuously
Watch the financed asset against a dated baseline with change detection between captures, giving early warning on production shortfalls, unexpected site changes or illegal extraction that impair value.
Protect offtake, royalty and streaming positions
A tamper-resistant chain of custody from mine to port gives defensible provenance behind offtake, royalty and streaming cash flows, so the tonnage you are financing is the tonnage that moves.
Screen ESG and governance risk
Land disturbance, tailings and site conduct monitored against permit conditions, supporting OECD- and IFC-style due-diligence and responsible-sourcing mandates with provenance evidence rather than attestations.
Independent line of sight across the life of the exposure
The same platform that supports diligence keeps working as a covenant and production monitor once capital is committed.
Most verification effort is spent up front and then decays. LoderaIQ turns diligence into an ongoing feed, so the asset behind the cash flow can be watched remotely from decision through repayment.
Establish the baseline
Bring the asset onto the platform: confirm tenure and licence geometry, capture a dated baseline of the site, and reconcile observed extraction, XRF-backed grade and stockpile volumes against the operator’s stated resource and production.
Set what you will watch
Define the covenants and milestones that matter, development commitments, production thresholds, no-go boundaries, and tie them to observable, time-stamped indicators on the audit trail.
Monitor the collateral
Continuous monitoring against the baseline flags production shortfalls, site changes, boundary breaches and custody breaks as they emerge, so covenant drift is visible early rather than at the next reporting cycle.
Evidence the position
Draw on a dated, auditable trail across every layer to substantiate reporting to your own committees, co-lenders and ESG mandates, provenance you can show, not just cite.
Defensible data, and its honest limits
Financing-grade evidence for the technical and the credit reader, stated precisely, without overclaiming geological certainty.
XRF-verified grade and AI-measured tonnage, sitting on a tamper-resistant custody chain, give resource and production data that can be financed, insured and sold on with confidence. Equally important is what the platform does not claim: satellite and drone spectral data indicate surface mineralogy and alteration, while defensible grade comes from XRF plus physical sampling, and an AI-identified target is a lead for follow-up, not a proven ore body. We distinguish observed indicators from code-compliant reserves so that the evidence strengthens, rather than substitutes for, competent-person and qualified-person work under JORC- and NI 43-101-style codes.
What operators typically supply
Periodic figures produced by the party being financed, difficult to reconcile independently and static once submitted, grade and tonnage taken largely on trust.
What LoderaIQ adds
Volume from photogrammetry and DEM-differencing against a dated baseline, grade from field-portable XRF, movement from weighbridge and RFID capture, all time-stamped and reconcilable.
What it is not
Spectral imagery is not assay, and an AI target is not a reserve. Outputs are decision-support and independent verification that feed, not replace, competent-person and qualified-person sign-off.
The assurances underwriting requires, and the commercial model behind them
Who owns the data, why it is trustworthy, and why the platform is hard to displace once it is in place.
For a financier, the credibility of the data layer gates everything else. LoderaIQ is built as a single system of record, one registry, one map, one audit trail, with tamper-resistant records and clear data provenance, so findings can be relied on in diligence, dispute and covenant enforcement. That single spatial spine is also the moat: once a jurisdiction’s or an asset’s licences, custody and audit trail live on the platform, the integrated layers of satellite, drone, AI, XRF and RFID are costly to replicate or replace. And independence is commercial as well as technical: a financier can commission or subscribe to LoderaIQ verification directly, so the assurance is procured independently of the operator being financed. Integrity is structural: financier-scoped access to a tamper-evident, timestamped system of record the operator cannot alter after the fact.
Independent and auditable
Observation and measurement produced separately from the operator, recorded on a tamper-resistant, time-stamped audit trail that supports third-party verification. Independent here means independent of the financed operator’s self-reported figures, because the data is directly observed and measured, which is distinct from a third-party audit attestation.
Data governance and provenance
Clear imagery and tag provenance and a documented data-governance posture, addressing the ownership and integrity questions any financier or DFI raises in diligence.
One system of record
Every layer reconciled on a shared cadastre and coordinate reference, which is what lets a flag on the map be defended rather than merely asserted.
Scoped to your exposure
We scope verification to the asset or portfolio you are underwriting and share a commercial offer built around it.
Questions financiers ask first
Short answers to the objections an experienced mining-finance reader will raise before a briefing.
Does this replace a competent person’s or QP’s resource statement?
No. The platform provides independent observation and measurement that you test resource and production claims against; it supports and does not replace competent-person or qualified-person sign-off under JORC- and NI 43-101-style codes.
Is spectral imagery the same as an assay?
No. Satellite and drone spectral data give surface mineralogical and alteration indication. Defensible grade comes from field-portable XRF combined with physical sampling and QAQC, which is what feeds bankable grade and tonnage.
How are volumes and change actually measured?
Pit and stockpile volumes are derived by DEM-differencing (satellite today, drone photogrammetry rolling out) against a dated baseline, with change detected between dated captures. Methodology and accuracy caveats are documented in Resources so your technical team can interrogate them.
Who owns the data, and can it be tampered with?
The audit trail is designed to be tamper-resistant and time-stamped, with documented provenance for imagery and custody tags. Data ownership and governance are stated plainly so the evidence holds up in dispute and reporting.
Are you the investment, or the tool?
This page is for financiers using LoderaIQ to underwrite and monitor mining assets. The equity thesis for LoderaIQ itself, business model, moat and roadmap, is available in a dedicated investor one-pager on request, just ask when you book a briefing.
Bring an asset onto independent verification
See how financing-grade, auditable ground truth applies to the deal or portfolio in front of you.
Request a diligence conversation and we will walk the evidentiary layers against a real asset type, what you could verify before funding, what you would monitor after, and how the audit trail supports your reporting. We will scope what you need and share a commercial offer built around it.
Request a briefing