Part 1: Industry Structure 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. B. Coal Mining (Declining Sector) Strip mining Draglines Massive earth movement Regulatory decline Status: Low priority. 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.