BHP Xplor, an accelerator program introduced by the miner in 2022 in pursuit of unlocking critical minerals, began a global search Thursday for its next cohort.
The program seeks to broaden BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) access to a diverse set of exploration prospects globally, including new geographies and geologic concepts to help drive the pipeline of new opportunities and shape its future growth portfolio.
After completing its first year with the graduation of the inaugural cohort in June, BHP Xplor is back and looking for early-stage explorers and startups focused on finding new resources of critical minerals needed for the world’s future.
BHP Xplor is designed to provide selected participants with the opportunity to accelerate their exploration concepts and the potential to establish a long-term partnership with BHP.
The program offers participants funding, mentorship and coaching, and connection into BHP’s network of suppliers and service providers.
BHP Xplor also gives participants an opportunity to be part of a unique community together with other likeminded explorers, the miner said.
“We are energised by the success of the program’s first cycle and thrilled to start our search for the next 2024 cohort,” BHP Xplor vice-president Sonia Scarselli said in a statement.
“As we’ve seen reflected through the first cohort, BHP Xplor is designed for people who are ready to think differently and push the boundaries of traditional exploration,” she said.
“We’re excited to see the new, innovative opportunities that will come forward in this application phase and looking forward to meeting the people behind them.”
“Through BHP Xplor, we’re effectively transforming set models by testing opportunities at an accelerated pace, implementing new ways of thinking, and creating innovative concepts to address some of today’s biggest challenges facing early-stage minerals exploration,” BHP chief technical officer Laura Tyler added.
Selected companies will receive up to US$500,000 cash payment from BHP, together with access to a network of internal and external experts to help guide development across technical, business, and operational aspects of the company.
The program will accept applications Aug. 23 and close on Oct. 11, 2023.
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