EarthNET Joins IMDEX—Accelerating Orebody Intelligence with Cloud‑Native AI

Acquisition Overview IMDEX Limited (ASX: IMD), a provider of mining technology and data solutions, has acquired an 80.5% controlling stake in Norway-based Earth Science Analytics (ESA) for ~NOK 173M, with the remaining 19.5% to be acquired over four years via a structured earn‑out arrangement. The transaction is expected to close by August 2025 .

EarthNET Platform: A Strategic Fit ESA’s flagship product, EarthNET , is a cloud-native AI geoscience platform capable of ingesting and integrating vast datasets—from seismic, drillhole, core samples, sensors, and lab data—and applying machine-learning models to deliver:

>90% faster interpretation cycles , reducing weeks of analysis down to hours

>95% accuracy in rock-property prediction , enabling data-driven decision-making

Although initially deployed in oil and gas, EarthNET’s architecture is transferable across sectors including mining, geothermal, CCS, offshore wind, and infrastructure.

Strategic Rationale & Synergies The integration of EarthNET with IMDEX's existing assets— Datarock , aiSIRIS , Mineportal , and HUB‑IQ sensors—aims to create an open, AI-enabled earth systems platform . This move accelerates IMDEX’s pre‑drill intelligence offering, optimizing orebody targeting and accelerating digital product development, particularly in mining markets.

IMDEX anticipates ~A$4M in revenue from ESA in FY26, achieving breakeven EBITDA. The acquisition is expected to be accretive within 12 months , funded via existing debt facilities.

Leadership Commentary IMDEX CEO Paul House emphasized that EarthNET is now a foundational building block in the company's product ecosystem, enabling quicker time-to-market and reinforcing digital transformation across asset workflows. ESA CEO Eirik Larsen highlighted the combined strength to better serve energy and mining clients globally.

M.A.