Aurora Metals and FMG team up on 3D printing
Aurora Labs plans to work with Fortescue Metals Group to demonstrate the application of its three-dimensional metal printing technology to the mining industry.
The Perth tech company has struck a non-binding 12-month deal to work directly with FMG on its so-called rapid Manufacturing Technology.
In an announcement to the market today Aurora stated that the venture could progress to developing technology to reduce production and operation costs in the mining and resources sectors.
Aurora Labs managing director David Budge said FMG was an ideal partner as they were at the forefront mining technology.
Three-dimensional printing has long been touted as a way of providing spare parts to industry without holding large inventories or waiting for parts to be manufactured and delivered.
In July Aurora partnered with local manufacturer VEEM to investigate the use of the 3D technology to make marine propellers and gyrostabilisers.
Mr Budge said the deals acknowledged the high potential 3D printing had to transform how parts are created.
Shares in Aurora have surged since mid-September when it reported it was able to print complex parts at a speed of more than 15kg a day, about eight times faster than competitors.
Aurora shares closed down 12 per cent today at 79.5¢ a share.
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