Exploration and mining are a fundamental part of the Australian Economy, and whether you’re an independent miner/explorer, a tenement manager, or a large mining corporation, you are a vital link in this chain.
The mining and exploration industry comes with its fair share of challenges including the not-so-fun, yet essential, aspects of tracking and management of statutory compliance. Statutory compliance differs amongst states and periodically changes. The introduction of the Natural Resources and Other Legislation Amendment Bill 2019 (NROLA) in Queensland, for example, changed relinquishment regimes for EPs and ATPs and imposed 15-year caps on mineral and coal EPs. Depending on the age of your tenements, it may mean that you have tenements with a ‘foot in both camps’, pre-NROLA and post NROLA, which now have different conditions to comply with. Did your tenement management software manage that for you? Or did you spend hours spreadsheeting and adjusting dates to work out how that changed your compliance commitments in the future?
The disadvantages of a laissez-faire system
A laissez-faire system of tenement management leaves room for error that can cost you in terms of time and efficiency. Keeping a track of processes, licenses, and approvals is essential to ensure that you comply with laws, including laws that change, at every step. Failing to maintain an organised record can make you vulnerable to fines, possible court action, and tenure loss.
Even if you are tech-savvy and have shifted to technological tools, how convenient is it to have to keep switching between activities to keep making constant updates and setting reminders throughout the day? Though partially effective, this can also be a time-consuming task.
We have a solution
What if PX4 Software told you that there is a way that you could focus on your core business and leave the rest to technology? The pain of manually keeping track of tasks, projects, approvals, and legalities has been replaced with one single tool. PX4 Resources is a software product designed to help with every aspect of tenement management with unique features like authority lifecycle management, exploration project status tracking, action management, native title management, stakeholder & contact management, work program & expenditure tracking, land access management, relinquishment management, and workload forecasting.
Designed and developed by a team that has more than 30 years of experience in tenement management, and over 40 years of experience in mining and exploration, PX4 Resources is a one-stop solution to all your tenement management needs. You can now spend less of your time on transactional tenement management and let PX4 Resources manage your daily action updates, sending you reminders and helping you plan ahead for the future. You will find yourself saving time, effort, and money whilst working more efficiently.
If this sounds like the solution you’ve been after, then contact us for a chat with a demonstration and sign up for a FREE TRIAL to experience technology at its best.