CorePlan 2.0: The Nail in the Coffin for Custom Drilling Software in Mining

Perth, September 2024 - CorePlan, a Perth based Mining SaaS Technology Company today unveiled CorePlan 2.0, the latest evolution of its platform that promises to transform the way mining companies and drilling contractors operate. With a focus on collaboration, transparency, and user experience, CorePlan 2.0 is positioned to finally bury the antiquated, clunky custom solutions that have long dominated the mining industry.

Founded by Alex Goulios, a veteran of the geological consultancy world, CorePlan has rapidly emerged as the go-to platform for mining companies and drilling contractors looking to break free from the shackles of outdated workflows. Goulios spent years watching geologists transform pencil sketches on tracing paper into multi-million-dollar mines. 

"During my time at CSA Global, I witnessed firsthand the inefficiencies and challenges that mining companies faced in managing their drilling operations. CorePlan 2.0 represents the solution we've always needed—one that combines industry expertise with cutting-edge technology to bring drilling contractors and mining companies together in ways that were previously unimaginable." Goulios said.

Unlike traditional mining software that isolates teams and complicates workflows, CorePlan 2.0 is built from the ground up to foster collaboration and transparency, providing a unified platform that aligns drilling contractors and mining companies on their drilling operations.

"In 2021 when we found product-market fit we hyper-focused and centred our vision to build a product rooted in collaboration between mining companies and drilling contractors" explained Sachee Perera, COO of CorePlan. "We're helping them work better together in the modern age, providing the same seamless experience with software that we all have in our normal day-to-day lives. We firmly believe that mining software doesn't have to be clunky." 

CorePlan 2.0: The Future of Drilling Management

The update allows for a comprehensive reimagining of how drilling operations are managed. The platform's key pillars empower teams to do more within their drilling programs, both within their organisations and across external stakeholders:

• Enhanced Collaboration: CorePlan 2.0 introduces advanced tools that enable real-time communication and data sharing between mining companies and drilling contractors, ensuring that everyone is aligned and informed.
• Powerful Analytics & Cost Reporting: Through its own analytics engine, customers can access customisable dashboards and reports offer deep insights into drilling performance, costs, and compliance. This enables teams to seamlessly track progress, identify bottlenecks, and make informed decisions that optimise drilling performance and cost efficiency.
• Managing Drill Hole Data and Compliance: The update brings enhancements to managing drill hole data, as well as geophysics and earthworks management. These tools provide a single source of truth, supporting regulatory reporting, improving the hygiene of geological data and reducing risks to the resource model.
• Improved Invoice Reconciliation: The platform has further refined its invoicing workflow to enhance cost tracking and reconciliation. Users can quickly locate and filter rig details, items, average costs, and other key information needed for invoicing.
• Upcoming Features: CorePlan 2.0 will soon introduce features like plod locking and cost versioning to maintain the integrity of financial data and heaps more to improve the collaboration, compliance and costs management of drilling programs.

The Numbers Speak Volumes

CorePlan's impact on the market is undeniable. With over 100 global customers and a staggering 300 new users onboarding monthly, CorePlan is drilling into a market long overdue for disruption. Industry giants like BHP and Fortescue Metals Group have already jumped on the CorePlan bandwagon, signalling a major shift in an industry notorious for its technological inertia.

Late 2023, CorePlan secured a $4 million investment led by Sydney-based B2B SaaS venture fund EVP, a move that has fueled the company's global expansion and accelerated the development of CorePlan 2.0. "The support from EVP has been instrumental in helping us scale rapidly and continue pushing the boundaries of what's possible in drilling management," noted Alex Goulios. "Their backing is a testament to the disruptive potential of CorePlan and the transformative impact we're having on the industry."

An Integrated Platform To Connect The Industry

Eugene Lee, Head of Engineering at CorePlan, shared insights into the development process. "We rebuilt it from the ground up with a modern, future-proof framework. This upgrade allows us to deploy new features more quickly and provides our users with a faster, smoother experience. CorePlan 2.0 sets the stage for even greater innovations to come."

CorePlan 2.0 is available to all existing and new customers starting 18th September 2024. To explore how CorePlan 2.0 can transform your drilling operations, visit coreplan.io/v2 to learn more.

About CorePlan

CorePlan is the integrated drilling management platform that helps mining companies and drilling contractors manage their operations with a unified, cloud-based platform. Founded in Perth, CorePlan is used globally to improve cost efficiency, enhance compliance, and drive better collaboration in the mining industry.