A sprawling tropical retreat once owned by Australia’s richest citizen Gina Rinehart has just been listed for sale.
The Queensland property is located on the shores of Murray Bay, just outside Bowen and spreads out over 3.5 hectares of secluded land, including 250m of private beachfront.
The locale, referred to as a ‘gateway to the Whitsundays’, is in a true north orientation towards the water and boasts three detached houses and three self-contained units.
Current owner and former rugby league player Mike McLean bought the tropical estate in 2020 from Hancock Prospecting, which is owned by Rinehart.
The main house features three bedrooms and three bathrooms, opening up onto sweeping sea views and picturesque landscaped gardens.
While the other two houses offer three bedrooms and two bathrooms.
Three renovated units offer additional accommodation, comprising two studio units and a larger family unit, each outfitted with contemporary amenities.
Other structures on the site include a beach shack, shed, carport, and beachfront pavilion.
The property was believed to have been used for the accomodation of Hancock Prospecting workers when it owned by Rinehart.
The listing by Queensland Sotheby’s International Realty claims the property is ‘the only private haven to grace Murray Bay.’
Additionally, the complex is only accessible via high security gates that ‘declare exclusivity from the road and ensure that every guest is welcomed by appointment only,’ the listing read.
The waterfront estate is ‘flanked by crown land and offers only walking access to the bay’ and also boasts a natural spring.
The property is listed under tourism/residential zoning, meaning it can be used as either a home or a resort.
‘Whether you envision a premium resort, caravan park, lifestyle hotel/licensed venue, or you wish to retain this slice of paradise as your own private retreat, this estate offers a curated canvas for your grandest aspirations,’ the listing says.
No asking price has been listed, however the owners are inviting expressions of interest.
GeologicAI has developed “robot geologists” for the mining sector.
Calgary-based GeologicAI is acquiring Resource Modeling Solutions for an undisclosed amount, a move aimed to accelerate the company’s advancements in the mining sector.
GeologicAI said the deal will expand its product and service offerings while combining teams and respective tech.
“We are focused on continuing to expand our capabilities by integrating new and emerging technologies.”
Grant Sanden, GeologicAI
“This integration strengthens our position in the industry and enhances our ability to deliver groundbreaking end-to-end technology solutions to our clients,” GeologicAI founder and CEO Grant Sanden said in a press release.
“We are focused on continuing to expand our capabilities by integrating new and emerging technologies.”
In 2022, mining companies were leading the way in adoption of advanced technologies compared to other sectors, according to a Vancouver Economic Commission report published late last year.
The report, which used data from Statistics Canada, found that nearly a third of surveyed businesses in mining, quarrying, and oil and gas extraction used artificial intelligence (AI) technologies.
“Commonly cited reasons were to develop new or improved processes or operations as well as for process flexibility and cost reduction,” the report stated.
Founded in 2013, GeologicAI uses artificial intelligence and robots to help geologists capture data in rock and core samples in a quicker fashion than manual core logging processes.
The company uses high-resolution imaging, XRF, and hyperspectral data to analyze rock samples and identify resources below the Earth’s surface, with the goal of helping clients make better decisions about where to explore and how to design and operate mines.
Resource Modeling Solutions, another Calgary-based firm, was founded in 2018 as a consultancy for “geostatistics and geometallurgy challenges,” according to its LinkedIn, and offers expert technical work, custom software, and training solutions for mining, environmental, and petroleum companies.
Last year, GeologicAI closed a Series A funding round of $30 million USD, backed by Bill Gates’s Breakthrough Energy Ventures and Export Development Canada. It claims its tech is already being used by “some of the world’s leading mining and exploration companies,” and in countries like Finland, Brazil, Chile, and Australia.
Feature image courtesy GeologicAI.