Fortescue Taps New Tech To Step Up Copper Hunt Across Australia



Australian miner Fortescue Metals this week said the latest developments in satellite imagery are helping it scour vast swathes of its own backyard for new deposits, seeking an edge as it jostles with global peers for the next big strike.

The world's fourth-largest iron-ore miner raised its exploration rights in South Australia by a third this year, data compiled from the state government by McMahon Mining Title Services and reviewed by Reuters show.

While Fortescue's principal focus is on iron ore in the resource-rich Pilbara, its increased exploration rights in South Australia add to holdings in New South Wales and Western Australia as it looks to diversify into copper, gold and lithium in competition with larger peers Rio Tinto and BHP Group.