 Van Fong, as a resource speaker for this session. Injunerik Van Fong graduated from the University of British Columbia with a bachelor's degree in Mining Engineering and is now currently working as a placement planner at Sankor Energy in Alberta, Canada. As a placement planner, he is responsible for the design and scheduling of the major dump structures For the millenium oil sands mine, he has more than three years of experience in oil sands industry working on a variety of mine planning roles including mine and tailings planning in both the short and long range capacity. He is also the founder of Mining To Me, a non-profit organization that aims to improve mineral literacy through animated infographic videos. Specifically, Mining To Me aims to raise awareness and educate the importance of mining to our everyday lives, the technological advancements of the industry and the environmental conservation efforts made within the mining industry. He is also passionate about showcasing the mining engineering career to future generations and has the number one rank mining engineering video on YouTube. In his spare time, Injuner Kwan volunteers with the Royal Canadian Air Cadet Program as an instructor, enjoys exercising and making videos for his YouTube channels. Ladies and gentlemen, our resource speaker, Injuner Kwan Phuong. So, good afternoon everyone. As Jero mentioned and thank you very much for this amazing introduction. My name is Kwan Phuong and I'm super excited here to talk to you guys about low cost scalable technologies for the mining industry in developing countries. So, I'll pretty much skip all of the introduction part about myself. I would just like to add that anything I present here are their openings of my own and they don't reflect the standpoint of my employers and I am not paid to endorse these technologies. So today, for the agenda, we'll first talk about the 2020 Mining Trends. As the theme of this conference is navigating the new normal, I would like to first set a precedent on what the mining trends are for our 2020 and I'll talk about it based on a report from Ernst and Yang. Next, we'll go through five different technology companies. Now, as we mentioned before, we're facing difficult times right now. So, we are not only facing a time of lower grades, but we're also facing the higher ESG demands from investors that's the environmental and social governance, especially for the younger generation who are passionate about making the world a better place environmentally and socially. But then all the added challenges of COVID-19, so perhaps workers are limited to be working on site and more people working from home, it's a very challenging time for the mining industry right now. And I really believe that the solution to all of these problems is that we need to have innovation in technology and that will help solve these problems. And as I go through each of these technologies, you'll begin to realize how each of these will tackle different aspects of the problems we're facing. So, for example, it could be improving productivity, improving safety, reducing costs, and also exposing yourself to the global investors to help raise funds. And I specifically chose these companies because these are companies that are already operational and I want to focus on companies that already have their product made and they're ready to go to market. So, if you guys are in operations, if you guys are a mine manager, for example, then you could right after today's conference, you guys can go to these companies and start reaching out and start implementing these technologies in your company. So first, taking into the 2020 mining trends that's set up by EY. So first, hopefully you guys can see my cursor, starting from number 10, we have rising costs. Number nine, we have innovation. Eight is the replacement of production, so that talks about how we're starting to run out of mining deposits and we'll need to find additional sources of ore. Seven is cyber, so anything that goes to convert from the paper or analog information towards the digital side. Six is maximizing portfolio returns, so this could be making your operation as lean as possible in terms of the financial sense. Or it could be doing merger and acquisitions to really have a stronger cash flow for your business. Five is anything that's a high impact risk. Four is reducing carbon footprint. Three is digital and data optimization. Two is the future of workforce. And number one is the license to operate. So as we go through these three presentations, I'm going to have these three tabs here and that will signify which of these specific trends the technology is tackling. So if there's anything that has to do with operational improvement, we can link it back to if it's going to improve the operation, then it's going to help reduce costs. If it's going to give you new ways to find funding, then it could perhaps help you with replacement of production. And anything that helps with ESG sustainment will improve your license to operate. So going into number, risk number 10, rising costs. So I just took a graph from 2016 to 2020 of just the cost for mining. So as we can see, the realized price overall trended up. But the cost increased slightly as well. And as we can see in 2018, it's probably the best year because we have a higher ASIC margin, which is the all in sustaining costs. In 2020, our costs between 2019 stayed roughly the same, insulted our ASIC margin. So ideally, we want to maximize the difference between our costs and our realized price. So the best way to do this is to reduce our operating costs. And so we will achieve this through operational improvements. Risk number eight is the replacement of production. So as we can see here, this is the base case production capability for copper. And this is the yellow line here is the future demand. So after roughly 2025, our demand or global demand is going to exceed our production capability. And so these are the possible projects that will need to happen in order to meet this growing demand. And so access to capital is going to be crucial for us as a mining industry to meet this rising demand. Since as we now know already, even before the COVID times that exploration budgets are on the decline. And so access to funding will be crucial. And that's just not only for new projects, but if you already have an existing project, then this will be crucial as well. And lastly, the license to operate. So for different parts of the world, there is positive outlook, which is marked by the green, orange for the uncertain or neutral outlook and blue for the negative outlook. And for most of these, or sorry, for maybe roughly half of these countries, they have a positive outlook. Some are unsure and some have a negative outlook. And so just around the world, society and investors are demanding the greater transparency around what the environmental and social cause is for running a mining industry. And whatever you see in the news, most likely the media only reports on the negative aspects of mining and they rarely report on the positive sides or anything positive that we as a mining industry have done. And so as an industry as a whole, it is up to us for us to regain the trust of the public. And the way to do that is through ESG sustainment. So the first company I will talk about is Sedimenta IQ. So if you're an operator of a mining company, one of the question you should be asking yourself is what's the best way for us to locate and solve operational inefficiencies? So for a large scale mining company, if your equipment manufacturer is Kumatsu or Caterpillar, they probably have their own set of data tracking systems that they use or if you're an underground mining company, there's Sandvik and Epiroc. But for small scale companies who may not necessarily be able to afford the cost of these software, this is where something like Sedimenta IQ would come in. And as the saying goes, if you can't track it, you cannot improve it. And so Sedimenta IQ is a low cost data collection platform, collection and reporting platform using smartphones. And the keyword is reporting. So they actually have AI embedded into their software that will give you a smarter data analysis platform for you. And we'll see that in just a second. So let me see if I can hide this. So here we have a shot of what it looks like. So really it's a very simple. Really it's just a phone attached to an equipment, a smartphone attached to an equipment. And here we have some Bluetooth beacons used for zone-based identifications. So something like this will only take you maybe two to three days maximum to set up. And once you have it, you can start tracking your operation immediately. First is if you have seen more expensive software may take a longer time to set up and configure the device. But here once you get the device is essentially an out-of-the-box solution that you can start using right away. And so let's see what sort of data comes back with. So here the first graph here in the top middle part. You can see it tracks the timings for your production. So this is for the hauling cycle, right? So tracks your timing from the production all the way to the crusher. So essentially your cycle time. Here the cycle time and you can track it by operator. So overall here this is the overall cycle time. But here you can also track individually for each equipment operator. So here in this example, Jose has a higher cycle time than the green which is Santiago. So by tracking this cycle time and assuming these two people are traveling along the same route, then you can identify perhaps maybe you have a really inefficient operator that can point out as a reason for why it's taking so long for them to get to the crusher. And here are some smart insights which is the key part driven by the AI. So here you can see equipment 3 is experiencing 30% more queuing. So this sediment IQ will also take the analysis work or at least reduce the amount of analysis work that you need to do. Operators 3 is performing 44% lower than average. So again this is where you can highlight where the efficiencies are. Some other insights on daily sold out at 430 for all tracks below target for number of tasks performed. You can also track the overall equipment efficiency. So you can look at for example in terms of overall equipment efficiency you can find out what the largest contributor is. Is it the schedule maintenance, unscheduled maintenance, delays, anything like that. Another example is these insights here. So here is the time so 24 hour time. Truck number 14 so we can see what it has done. So from 7 to almost 10 o'clock 10 am traveling to the production area. Then there's some idle time, some loading time. And here we can see that there is some unknown idle time. And this is where you can really pinpoint where the exact inefficiency is. And here's another shot so we have this is the expected start time. Gain visibility into start times to improve utilization. So here it's supposed to start maybe around 730 the expected start time. But here we can see there's a huge variance right? So it's supposed to start here but sometimes the drill is starting at 2 pm. Sometimes it's 12 pm. So we can see there's a huge variation. And again this is where we can really start to point out where the inefficiency is for your mind. And you can also track the haul cycle. So it produces a heat map of where the truck spends the longest time at. Just doing a quick time track here. So next one is Wing Charon. So this is essentially a drone. And I think this is a great technology because it's a fast and versatile survey alternative to your traditional surveyor that just walks and carries around a stick. And with survey technology especially with the introduction of drones not only will help with your operations but it will help with your ESG sustainment as well. So I'll play a quick video to show you what it looks like. And so you can see one of the neat features is that it takes off vertically. And we'll talk a little bit more about that. So when your drone can take off and land vertically anywhere so it basically reduces the amount of footprint that the drone needs to operate in versus say if you have a traditional airplane then you need a longer runway and you need a large stretch of space which you may not necessarily have at a mining operation. So the benefit of this is that it only really needs a small footprint. No piloting skills needed. So basically it's an autonomous drone. So you just need to plot out wherever it needs to fly and click a button and send it off and it goes there. You can do manual adjustments and hover. So let's just say if the drone is slightly off course then you can manually input it to put the drone back on course. No belly landing. So belly landing is when the drone impacts the ground really hard then it will probably damage the drone. And so with a drone like this it has up to 1 hour flight time and covers an area of 400 hectares. So a huge amount of space. And it boasts a 42 megapixel camera accuracy down to 1 centimeter. So for reference your typical camera that photographers use it's roughly around 20 to 30 megapixels. This is 42 megapixels. So really good resolution. And so when you think about what a drone can do at least for this model the WingTron1 can do volume calculations. So if you have a stockpile, if there's a dump then it's important that you track the volume that's moved. You can also do row grade calculations. So find out if your roads are still properly and it can do any pit wall or tailing structure inspection. And so this is especially critical for the drones to do because it's really hard for you to send a surveyor like a person's surveyor up to these structures. If they can get to it it will take them a long time or two it might just be unsafe for you to send a surveyor up there. And so this goes back to the operational improvement where you can really drastically reduce the amount of time it takes for you to do a survey for these structures and two for the ESG sustain and part. If you have a tailing structure it's critical for you to keep a good record of what's been deposited in the tailing structure and how that structure is built. This really goes back to having a clear transparency of how you manage your tailings facility and having that transparency will really gain the trust of investors and for the public to gain trust in us in the mining industry as a whole. And so to look at some of these outputs the Wincher one can output things like a georeference ortho-mosaic app, DSM and DTM files, contour lines can also produce single images or ortho-photos. So a whole range of outputs that will be useful for anyone that's a mining engineer, a geotechnical engineer could also be useful for anyone that's involved in the regulatory aspects of the mine and as well for the leadership. So that's the mine managers or perhaps even the CEO of your companies. Just to get a good snapshot of what the operation is like and especially for the heat maps it will be useful for any engineers as well. So next we have the global air cylinder wheels and this one will pertain to the operational improvement. So as you can see these wheels are different from our traditional tires. You don't see the typical rubber tires there and really this company strives to reinvent the wheel to reduce costs and improve safety. So let's take a look at what the global air cylinder wheels is like. So starting from the outside we have individually replaceable treads. So the treads can be either made of polyethane or steel treads. And then in the yellow part we have high performance ductile steel and then afterwards this is where the key part is is that instead of filling the tire of air you just have to high performance nitrogen cylinders. So there's six on each side. So six on the inside and six on the outside here. And then you have a rim which replaces whatever current rim that you have. And this tire technology can be for treads or loaders in open pit or underground mines. And so this is what the real life image looks like. And so here you can see the treads and so what's the benefit of this. But before we get into that we'll take another quick look at a video. So this video is just a test drive. So it's an MT truck, it's not loaded and it will perform a series of maneuvers so you guys will know how it performs. So as you can see you essentially receive the same performance as you would for a regular mining truck tire. And so when you think about the difference between this concept global air cylinder wheels versus the traditional mining tires what are some of the key benefits? Well the key benefits are basically listed here and most of them pertains to the safety aspect. But as you think about it more it's actually not just a safety but it also pertains to cost reduction as well and at least to operational improvement. So a traditional tire so you can have blowouts. So imagine if you just have the tire and suddenly it explodes. Again that's very dangerous. Why? Because let's just say if you are a light you're traveling and then a light vehicle is an engineer you're doing your fuel tour right? And you're waiting to cross the haul road and a haul track is just driving by right in front of you and suddenly the tire explodes. And that's very dangerous for any light vehicle that's in the close proximity of the haul track. And not only that if you have a blowout then you risk hindering the operation because essentially you have it down the track. So again you're reducing the capacity of your fleet. And similar thing traditional tires can have the risk of being on fire. And so now the danger will be for the operator that's within the haul track. And as well if you have a haul track that's on fire then basically takes it out of service then again you're reducing what the maximum output of your mind can be and overheating. So lots of our tracks whenever runs in a hot climate and again I think most of most of our countries have a substantially high temperature climate so again this is a risk that will apply to many of us. Here we have tire related accidents so if a tire truck tire suddenly falls out then again this will take the truck out of commission truck tilting and also we have improved traction. So again this for the global air cylinder wheels mainly it's just taking away the safety aspects of it and taking it using the the cylinder sorry the compress the nitrogen filled cylinders to replace the traditional air tires. Next something I want to talk about funding so there's a new platform called Prospector Portal and essentially a one stop site for all technical data on mining companies so with Prospector Portal in the past if you want to find a mining company by either one of these things well there wasn't one clear directory that you can do that but with something like this you bring it to the digital world and you also bring it into a smartphone so this will especially appeal to the younger generation or the millennial investors who tend to spend more time on their smartphones so you can search by commodity, region, country, company and more so we'll take a look at what that's like and so one of the things Prospector Portal strives to do is take the NI-43-101 and makes it searchable and that's critical because the NI-43-101 contains a lot of detailed technical information and it's essentially a very long report and for those who don't know what a NI-43-101 report is it's a standard technical report that also access a disclosure that all mining companies must fill out for their respective projects in order to be listed on the Toronto Stock Exchange so for any mining companies that want to go public in the TX6 one of the largest stock exchanges for mining companies then you have to do write the compile the NI-43-101 report and so what's within the NI-43-101 report geophysics data drilling, assays, metallurgy reserves and reserve estimation economic analysis and a lot more and so all of this report needs to be funneled into NI-43-101 and it must be made public and the thing is there's so many of these companies there's over 1100 mining companies listed on TX6 so if investors want to find your company specifically then it might be very hard to do just because there's so many of them and what prospector portal strives to do just wants to filter it out as many as as you can so that the investors can find what they want exactly we'll play a quick video to show you what it's like basically Norda because that's for investors for the mining companies if you want to be listed on prospector portal believe there's a different price but you have to talk with them and so for mining companies so this is an example for Rio Tinto a benefit for the companies is that you can integrate your press releases and social media feeds on one site but if an investor was to look and find new companies then they can easily see all of the latest news releases so here you can have financial results from a variety of different websites and continues on here and also your social media so we have the latest tweets any significant reports and also more social media and the last one is called Verify Spell VRIFI and what this company strives to do is basically it wants to go beyond words and pictures in your investor presentations so in the past or even currently now a lot of companies when they presents it's mainly just one PowerPoint or a person speaking to a PowerPoint and so you're you're watching a lot of texts but they want to go beyond that and incorporate 360 degree videos and VR into presentations as well so let's take a look here what that's like so with something like this especially now sorry especially in times like 2020 with COVID-19 it's probably very hard for you to bring investors on site so something like this can easily bring essentially the site to them and going forwards this may be the future of what investor presentations may be just because it could be very difficult for you to just constantly fly all the investors and analysts into your site to get them to look at your essentially to conduct a site visit by having something like this you can disperse more people and people from all around the world as well essentially taking away the travel aspect of it so not only can you embed text information but you can put pictures, videos or PDFs such as your NI43-101 360 degree videos 3D models and more onto one presentation so I was going to do another demo here so let's click on this link and I'll need to exit out for a bit so it brings us to here this is an example of the DD Tour Lake Mine in Canada so if we want to let's just save your investor and want to see what you're investing in then having something like this will make it so much easier for them to understand what they're exactly bringing investing in so you can click on here you can see what the pit is look like you can so it's 360 degrees so you can basically look all around you can look at the tailing structure so again any regular tour people that are interested in how you operate your mining operation you can monitor how your tailings storage facilities operating and you can come into here and then you can look at any specific technical documents so for example if you want to understand what the flow sheet is like for the mine then you can click in here as well and if you want to see the investor presentation then it can be here all found in here as well so looking forwards so these are just five companies that I brought up but the thing is that the number of startups in the resource sector is actually growing so in 2012 there was actually not a lot of mining startups less than 50 but as the year progresses we as a mining industry are just seeing more growth in the amount of mining startups and innovation that's being used so OS IMM the Australian Institute of Mining and Metallurgy they did a study and shows that in 2017 we're almost at 200 startups for mining technology so it's 2020 right now and I suspect there's probably gonna be around 250 if we just extrapolate this graph some of the services that the technology startups in the mining industry are bringing are the robotics so that's any automation drones which is the one we've talked about AI we've talked about this a little bit but there's a lot more applications that AI can be used for mining 3D printing data events analytics internet of things app development and so much more and so if you've noticed the technologies that I've brought in to this presentations mainly through ones that we already have the technology developed for but for another usage so for example for drones it's already commercially available for just photographers in general who wants to take pictures but we've adopted that technology for the mining industry another one is AI so AI is already available and we've adopted that for the mining technology as well and so one of the constraints because I think that mining industry as a whole we're sort of slow to adapt to innovation we tend to stick with traditionally what's already worked we are a little bit slow on the innovation side but it's good to see that the number of mining startups is growing growing steadily so one advice I would have for everyone is to keep an eye out for future technology as the cost of these technology increases there's actually so much more technology that I wish I could cover in this presentation but unfortunately they're still in development stages so and even if they are commercially available they're probably at a really high cost so we may have to just wait it out a little bit more and we have to wait until the technology becomes more readily available not just for us but probably for consumers as well before we're able to adopt it into the mining industry and turn it into a low-cost innovation that we can use to improve our operations whether that's improving operational improvement improving environmental social governance or anything like that health and safety as well so these are the links to the technology that I've mentioned and I'll open the floor to any questions