Part 1: Industry Structure

• PART 1: INDUSTRY STRUCTURE (Aggregates & Mining)

PART 1: INDUSTRY STRUCTURE (Aggregates & Mining)

1.1 What We Actually Do

We do not “serve mining.”

We perform:

Aerial inventory measurement and volumetric reporting for outdoor bulk materials.

Mining & aggregates just happens to be the best-fit vertical.

Core Function:

• Capture aerial imagery

• Generate 3D surface models

• Calculate volumes

• Provide cut/fill comparisons

• Deliver audit-ready reporting

Everything else is industry context.

1.2 The Mining & Aggregates Ecosystem

A. Metals Mining (Not Our Focus)

• Gold, copper, iron ore

• Massive open pits

• Benches, haul roads, highwalls

• Rare in Texas

• Highly engineered, global operators

Status: Opportunistic, not primary.

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B. Coal Mining (Declining Sector)

• Strip mining

• Draglines

• Massive earth movement

• Regulatory decline

Status: Low priority.

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C. Construction Materials (PRIMARY FOCUS)

This is where we dominate.

It includes:

• Crushed Stone (Quarries)

• Sand & Gravel (Dredge or excavated)

• Lime/Cement

• Terminals

• Ready Mix (Batch Plants)

• Asphalt Plants

• Concrete Recyclers

This entire chain touches the same materials multiple times.

That’s the key insight.