What Onirik does

Onirik World Group Pty Ltd, headquartered in Brisbane, Australia (ACN 084 721 335), is a privately-held technology company founded in 1998 that operates across energy, mining, water, and agriculture sectors through its FutureSmart portfolio. Its flagship capability is a suite of proprietary passive electromagnetic exploration technologies — Mineral Finder Technology (MFT), Oil & Gas Finder Technology (OFT), and Water Finder Technology (WFT) — that identify and characterise subsurface mineral, hydrocarbon, and water resources without transmitting signals into the earth, avoiding the depth-degrading skin effect that limits conventional active electromagnetic, seismic, and GPR methods. A multi-phase pipeline combines satellite spectrography with field sensor data (FSPEF/VERS) processed through neural-net and machine-learning algorithms to produce 3D resource models, with claimed correlation of 98.5% to drill cores when calibrated. MFT total project duration is 17 weeks, and exploration time and cost are both stated to be reduced by up to 80% versus traditional methods.

Beyond exploration, Onirik offers FutureSmart Remediating and FutureSmart Agriculture, which leverage a partnership-stacked circular-economy chain (ATI/AMPI) to convert mine tailings into a 100% natural bio-mineral fertiliser called BioRoc, plus a Colloidal Delivery System (CDS) nanotechnology for heavy-crude extraction (via Kemtek), an STASOIL nanotechnology road-stabilisation product, and a workforce performance platform built around 3D simulation environments (Expert Worlds, Mega Worlds) and analytics products (WorkforceExplore, WorkforceImprove). Revenue mechanics span project-based exploration services, equity-finance facilitation through a CTAC partnership aimed at resource ministries, managed tailings-to-fertiliser processing, technology licensing, and workforce training engagements with large enterprises. Pricing is not publicly disclosed and engagements are conducted under NDA; one disclosed MFT project for a Latin American gold mine was priced at under USD$3M. Named enterprise customers and validation partners span mining (BHP tailings challenge win in 2020), agriculture (Stevinson Ranch Almond Orchard for BioRoc), and Australian large enterprises for workforce solutions (Commonwealth Bank of Australia, AGL, Origin Energy, Virgin Australia, ANZ).

Name

Onirik

Legal name

Onirik World Group Pty Ltd

Website

https://onirik.com.au

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Onirik is a Brisbane-based privately-held technology firm operating the FutureSmart suite across mining, oil & gas, water, agriculture, and workforce performance, anchored by proprietary passive electromagnetic exploration technologies (MFT, OFT, WFT) with AI-driven 3D resource modelling.

Ownership category

akta.pro rank

Product category

Geophysical resource exploration and mining technology services

NAICS

Geophysical Surveying and Mapping Services (541360), Support Activities for Mining (2131), Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industry

Seismic & Geoscience Services (Acquisition, Processing, Interpretation) (EUALABAK)

Keywords

• Mineral exploration technology
• Passive electromagnetic surveying
• Resource exploration services
• Tailings remediation services
• Workforce simulation platforms

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. MFT/WFT/OFT Exploration Services: Onirik provides resource exploration services using their proprietary passive electromagnetic technology. Services include satellite spectrography analysis, field sensing (FSPEF and VERS), AI-driven data analysis, and 3D mapping of mineral, hydrocarbon, and water resources. Revenue is generated through project-based exploration contracts with governments, mining companies, and exploration firms.
2. Equity Finance Facilitation: Onirik, in partnership with CTAC, facilitates equity financing through select private capital investors for exploration projects. Investors provide equity funds to cover MFT surveys, geophysical surveys, drilling, and resource certification. This innovative model attracts foreign capital for national exploration programs.
3. FutureSmart Remediating - Tailings Processing: Onirik accepts mine tailings and transforms them into valuable products (BioRoc fertiliser), eliminating waste liabilities for mining companies and governments. Creates revenue through processing fees and sale of resulting agricultural products.
4. CDS Technology Licensing: Colloidal Delivery System technology for oil extraction optimization is licensed/provided through partnership with Kemtek. Revenue generated from technology deployment and support services.
5. Workforce Solutions - Training & Simulation: FutureSmart Mining solutions provide workforce simulation, training environments (Expert Worlds, Mega Worlds), and organizational performance improvement services. Includes WorkforceExplore and WorkforceImprove analytics platforms.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Onirik deploys proprietary passive electromagnetic exploration technologies (MFT, OFT, WFT) under the FutureSmart Exploring brand to identify and characterise mineral, hydrocarbon, and water resources, producing NI 43-101 compliant 3D subsurface models in approximately 17 weeks. Complementing the exploration suite, FutureSmart Mining delivers 3D simulation worlds (Expert Worlds, Mega Worlds) for accelerated workforce expertise, while FutureSmart Remediating transforms mine tailings into BioRoc bio-mineral fertiliser, and additional products (STASOIL, CDS) address road stabilisation and crude oil extraction optimisation respectively.

Product overview

Onirik offers a portfolio of FutureSmart technology platforms spanning resource exploration, mining simulation, environmental remediation, and agriculture. The core offering is FutureSmart Exploring, which includes three proprietary technologies: Mineral Finder Technology (MFT), Oil & Gas Finder Technology (OFT), and Water Finder Technology (WFT) — all using passive electromagnetic surveying and AI/ML analysis. FutureSmart Mining provides simulation 3D worlds (Expert Worlds and Mega Worlds) for workforce training and strategic planning. FutureSmart Remediating and FutureSmart Agriculture handle tailings repurposing and agricultural applications, producing BioRoc fertiliser. Additional products include STASOIL (road stabilisation nanotechnology) and CDS (Colloidal Delivery System for oil extraction), along with WorkforceExplore and WorkforceImprove for organisational performance. The company partners with CTAC for MFT deployment and AMPI for remediation technology.

Differentiator

Problem solved

Functional benefit

Brands

• FutureSmart: FutureSmart is the umbrella brand for Onirik's suite of technologies and services including FutureSmart Exploring (MFT, OFT, WFT), FutureSmart Mining (Expert Worlds, Mega Worlds), FutureSmart Remediating (tailings management), and FutureSmart Agriculture (BioRoc fertilizer).
• BioRoc
• MFT (Mineral Finder Technology)
• OFT (Oil & Gas Finder Technology)
• WFT (Water Finder Technology)
• CDS (Colloidal Delivery System)
• STASOIL

Products and services

• Mineral Finder Technology (MFT) Geologic mineral resource identification, location, and characterisation tool using passive electromagnetic surveying combined with satellite spectrography, FSPEF, VERS field sensing, and AI algorithms to produce 3D models of mineral deposits in approximately 17 weeks, with no environmental footprint. Reduces the discovery time cycle to 1-2 years and provides NI 43-101 compliant outputs.
• Oil & Gas Finder Technology (OFT) Geophysical hydrocarbon resource location and characterisation tool providing precision in spatial location, depth, chemistry, and pressure for oil, gas, and condensate reservoirs. Reduces the discovery time cycle to 1-2 years.
• Water Finder Technology (WFT) Geologic water resource location and characterisation tool providing precision in spatial location, depth, water quality, and delineation between flowing and static aquifers. Reduces the discovery time cycle to 1-2 years.
• FutureSmart Mining (Expert Worlds and Mega Worlds) Expert simulation 3D worlds platform including Expert Worlds Smart Spaces for accelerating workforce learning and Mega Worlds Smart Space for strategic problem-solving. Uses virtual reality and digital twins to accelerate expertise development and organisational transformation.
• FutureSmart Remediating (tailings processing) Tailings repurposing service that transforms tailings waste into 100% natural, productive materials using a non-toxic thiosulfate-based leaching solution. Eliminates waste liabilities for miners and governments and restores land for safe future use.
• BioRoc bio-mineral fertiliser 100% natural bio-mineral fertiliser created from mine tailings and biowaste through a water-based, non-toxic leaching process. A yearly application of 2 tonnes per acre restores topsoil, with proven 75% increase in almond production in case studies.
• Colloidal Delivery System (CDS) Eco-friendly nanotechnology designed to optimise crude oil extraction and transportation. Made from 100% organic, biodegradable raw materials, certified GRAS by the U.S. EPA. Operates at 30-50 ppm per barrel across a temperature range of -10°C to +185°C and reduces heavy crude viscosity from 14,000 cps to 180 cps.
• STASOIL road stabilisation Nanotechnology-driven road stabilisation system that transforms native soils into robust, load-bearing foundations. Improves California Bearing Ratio (CBR) for heavy loads without requiring imported aggregates or cement.
• WorkforceExplore Workforce analytics platform that tells leaders where to act by providing instant access to workforce risks and opportunities that can be prioritised and focused on immediately.
• WorkforceImprove Leadership development platform that helps leaders know what to do, when to do it, and how to navigate change with ease without disruption in the shortest timeframe with maximum adoption.

Quantifiable outcome

• Exploration time reduced by up to 80% (from decade to 1-2 years or 17 weeks for MFT deliverable)
• +6 more outcomes

Named customers8 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core.

• Americas Tailings Inc. (ATI)coreStrategic or Co-development Partner · 1 January 2020ATI led a consortium with AMPI that won BHP's 2020 global challenge to find innovative solutions for repurposing copper tailings. The consortium developed technology to transform tailings into bio-mineral fertilisers, which Onirik references as part of their FutureSmart Remediating and Agriculture solutions.
• Advancing Materials Processing Inc. (AMPI)coreStrategic or Co-development Partner · 1 January 2020AMPI developed the patented technology for FutureSmart Remediating, which converts tailings into nutrient-rich fertilisers through non-toxic leaching and bio-digestion processes. AMPI's technology is the foundation for BioRoc, Onirik's agricultural product from mine waste. Proof-of-concept testing was conducted at AMPI's California facility.
• CTACcoreTechnology or IntegrationOnirik partners with CTAC, described as a leader in innovative resource exploration technology development and deployment. Together they facilitate equity financing through select private capital investors for exploration projects. CTAC developed the MFT technology over 30 years of research. Onirik deploys MFT, WFT, and OFT technologies in partnership with CTAC for global resource exploration projects.
• KemtekcoreTechnology or IntegrationKemtek developed the Colloidal Delivery System (CDS) technology, an eco-friendly nanotechnology for crude oil extraction and transportation optimization. Onirik presents CDS as one of their technology solutions, with Kemtek as the technology developer and partner.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KoBold Metals: KoBold Metals applies AI and proprietary geoscience data to drive faster, more accurate mineral discovery — directly comparable to Onirik's MFT platform in targeting critical minerals with machine learning on exploration data.
• Fleet Space Technologies: Fleet Space combines satellite-enabled geophysical sensors and AI for mineral exploration at scale, mirroring Onirik's satellite-spectrography-plus-AI approach in FutureSmart Exploring.
• ION Geophysical: ION designs and operates geophysical data acquisition technologies and analytics platforms for energy and mining exploration — directly comparable to Onirik's passive EM/spectrography exploration stack.

Broad incumbents

• Viridien (formerly CGG): Viridien is a global geoscience heavyweight offering seismic acquisition, processing, and subsurface imaging for oil & gas and mining — overlapping with Onirik's OFT and MFT service lines as a much larger incumbent.
• SLB (Schlumberger): SLB provides integrated oilfield services including advanced geoscience and reservoir characterisation — comparable in customer base and OFT-adjacent capability though far broader in scope.
• TGS: TGS is a leading multi-client geoscience data library covering seismic, well logs, and interpretation — comparable to Onirik's data-driven subsurface mapping for oil & gas and minerals exploration.
• Halliburton: Halliburton offers exploration, drilling, and production services with geoscience capabilities — relevant overlap with Onirik's OFT service line for upstream oil & gas operators.
• RPMGlobal: RPMGlobal provides mining software, advisory, and digital mine planning services — a comparable mining-technology platform addressing productivity, planning, and ESG for mining operators.

Emerging players

• Phoenix Tailings: Phoenix Tailings is an emerging player in mining-waste remediation and critical-minerals recovery from tailings — overlapping with Onirik's FutureSmart Remediating/BioRoc circular-economy offering.

Others

• Geoscience Australia: Geoscience Australia is the national geoscientific agency providing pre-competitive datasets and exploration support — a publicly funded parallel to Onirik's government-ministry exploration services in Australia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/onirik-pty-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Onirik