Towards discarding obsolete methods of mining mappings, ensuring safe and cost-effective procedures, OilDynamix Limited, on Wednesday unveiled modern equipment and tools for speedy mining mappings.
With a pavilion strategically positioned within the exhibition stands of the ongoing African Natural Resources and Energy Investment Summit (AFNIS) 2026 in Abuja, the company's equipment and tools have the capacity to speedily identify commercially viable mineral deposits in any location in Nigeria and the Africa as a whole.
At the end of the opening session of the Summit, the Minister of Solid Minarals Development, Dr Dele Alake, who represented President Bola Tinubu as the session, led participants to inspect OilDynamix Limited pavilion, among others.
Founder and Chief Executive Officer of OilDynamix Limited, Dr. Vincent Amu, said the company’s technology, Termovision Tomography, is using thermal signatures captured by satellite systems to identify mineral deposits.
The technology, he said, is faster and cost-effective than the conventional exploration methods been employed in Nigeria and most African countries.
Dr. Amu pointed out that the major obstacles working against investment in mining are the high cost of exploration and concerns about the reliability of geological data.
He said “The biggest takeaway from AFNIS 2026 is that we now have technology capable of unlocking Africa’s vast mineral potential within months rather than years.
“What discourages many people from entering mining is the cost of exploration and the unreliability of the data they receive. We are trying to make exploration cheaper, faster and more dependable so that more investors can participate in the sector,” Dr Amu stated
Specifically, he said discussions are ongoing with stakeholders in Nasarawa, Kaduna, Katsina, Benue, and Kogi states, while previous projects in Cross River State have already advanced to mining operations.
Speaking on a recent field visit by AFNIS participants to a lithium project in Abuja, he said that his company's technologies could help over the poor mining process and help to reduce operational costs at the site.
He also called for introduction of policy measures that will enhance indigenous participation in the mining sector.
To this end, he called on the Federal Government to consider duty waivers on imported mining equipment, simplify licensing procedures, and provide temporary tax incentives for local mining operators.
“Import duties significantly increase the cost of mining operations. If government can reduce those costs, streamline licensing processes and support local miners with targeted incentives, more Nigerians will be encouraged to invest in the sector,”
The innovation, he said, has continued to gain acceptance among mining companies seeking more efficient methods of identifying mineral resources.
“Use accurate information for your mining operations because the quality of the data determines the quality of the outcome. When miners work with reliable information, recovery rates improve, yields increase and investment risks are significantly reduced,” he said.