A Perth-based startup, Core Plan, that helps mining companies plan and execute exploration and drilling has raised $5 million in a follow-on funding round.
The round was led by its existing investor, EVP. The money will be used to grow the company’s global team, improve and expand its drilling and geology products, strengthen local support, increase its presence in the Americas, and expand its operations in Australia.
CorePlan’s software brings contractors and geology teams onto one single platform. It helps manage planning, production, compliance, and invoicing in one place.
In an industry that still relies on scattered spreadsheets, messages, and separate databases, CorePlan simplifies complex operations by keeping everything organised and easy to access.
Drilling and earthmoving contractors use CorePlan to manage their daily work and easily connect with mining companies. Mining firms can also use the platform to standardise processes across different contractors.
CorePlan is already used by major companies such as BHP, Fortescue, AngloGold Ashanti, and Rio Tinto, along with over 600 companies and 9,000 users. Around 300 new users join the platform every month, and more than $6 billion worth of drilling and mining work has been managed through it.
Founder and CEO Alex Goulios said the new funding will help CorePlan speed up its goal of modernising drilling operations around the world.
“Our focus has always been on bridging the gap between contractors and mining teams. This investment will allow us to continue to expand our global team, extend our range of services to deliver value to the global mining industry,” he said.
“CorePlan is becoming the operational backbone for the industry by turning manual admin tasks that once took days to minutes. This round validates the impact our team is delivering for our customers.”
EVP Partner Mark Velik said increasing their investment was the result of the startup’s strong execution, global traction and customer outcomes.
“CorePlan stands out as the category-defining platform for mining and drilling operations,” he said.
“Customer advocacy, expansion and enterprise adoption is exceptional and the team has consistently delivered a world-class, mission-critical product.”
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