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Verbrec’s StacksOn™ system receives major endorsement with BHP deal

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Verbrec (ASX:VBC) is confident its first product offering, stockpile monitoring software StacksOn™, will provide future growth opportunities for the company after signing a multi-year licence agreement with mining giant BHP.

Under the agreement BHP will use Verbrec’s proprietary internally developed software at its Western Australian iron ore mines.

Verbrec CEO Linton Burns told Stockhead StacksOn™ tracks material properties such as grade, orebody origin, and “time since stacked” in a virtual 3D stockpile.

He said it had been developed and refined for more than 10 years to originally use in-house and provides the unique ability to monitor inventory, stockpiling and cashflow.

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