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Proprietary data is crucial because it represents a significant investment in exploration and provides insights that can lead to the discovery of economically viable mineral deposits. Companies use this data to make informed decisions about where to explore, develop or invest, often giving them a strategic edge over competitors.
Proprietary data is protected through legal mechanisms such as confidentiality agreements, data-sharing contracts and intellectual property rights. Companies also use internal data management systems to control access and ensure that sensitive information is only available to authorized personnel.
Yes, proprietary data can be shared or sold, typically under strict confidentiality agreements. This often occurs during joint ventures, mergers or acquisitions, where access to high-quality exploration data can significantly influence the value and potential of a mineral project.
Proprietary information in mining includes a wide range of data such as seismic surveys, core sample results, resource estimates, mine planning models and even strategic assessments. Essentially, any data that provides a technical or commercial advantage and is not publicly disclosed can be considered proprietary.
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