• The funds will be allocated to expanding the aircraft fleet, which includes both airplanes and specialized helicopters.
• The company’s current fleet of 43 aircraft and its use of advanced technology have been instrumental in driving economic development in various regions, solidifying its position as an industry leader.

Kartesia Asset Finance (managed by Flexam) and Miralta Credit Opportunities, a company participated by Miraltabank, will provide up to €40 million in funding to Xcalibur Smart Mapping. This investment will enable the company to strengthen its position as a global leader in natural resource mapping.

The funds will be used to expand the aircraft fleet, including both airplanes and helicopters. This will allow the company to enhance its capacity to incorporate advanced mapping technologies. It will increase Xcalibur Smart Mapping’s operational and technological capabilities, ensuring more efficient services in the exploration and assessment of key resources such as critical minerals, hydrogen, and geothermal energy – essential elements for a fair energy transition.

“This funding not only ensures the optimisation of our current operations but also strengthens our ability to take on new global projects more efficiently. It is a decisive step in achieving our strategic goals and reaffirming our leadership in the international market” said Joaquín López, CEO of Xcalibur Aviation. Xcalibur Aviation is the company within Xcalibur Smart Mapping group responsible for managing the acquisition and availability of aircraft for its subsidiaries.

“Flexam is honoured to support the global expansion of Xcalibur Smart Mapping group. This transaction fully matches our investment philosophy which aims at supporting the development of sustainable solutions in energy transition. We look forward to increasing our collaboration with Xcalibur Smart Mapping and our activity in Spain” said Florian de Sigy, Managing Partner at Flexam.

“Our objective is to support the growth of Spanish companies through alternative financing. Xcalibur Smart Mapping is a global leader in airborne geophysics, with a competitive technological advantage that allows them to locate and map essential natural resources for the energy transition while minimising environmental impact,” explains Mariano Echeguren, Managing Partner of Miralta Credit Opportunities.

This project aims to significantly advance Zambia’s mineral exploration efforts and strengthen the foundations of its mining sector. 

His Excellency President Hakainde Hichilema attended the event and addressed the critical importance of mineral exploration for Zambia’s economic development. He emphasized that comprehensive mineral mapping is essential for fostering transparent and regulated mining practices, ensuring that the nation’s resources benefit all citizens. Furthermore, the President highlighted the survey’s role in mapping underground water resources, which will support future irrigation projects and contribute to drought mitigation strategies. 

Lusaka Province Minister, Sheal Mulyata, emphasized the potential of this initiative to uncover Zambia’s mineral wealth across all provinces. Minister Mulyata noted that the data generated by the survey will play a pivotal role in reshaping the mining industry, fostering informed investment, and driving future growth. 

Xcalibur Smart Mapping’s CEO, Andres Blanco, reaffirmed the company’s commitment to delivering high-quality data through cutting-edge technology, being employed for the first time in Africa. He also highlighted the inclusion of a skills transfer program, designed to equip Zambian professionals with the expertise needed to sustain the project long-term. 

The Minister of Mines and Minerals Development, Paul Kabuswe, acknowledged the historical significance of this mapping project, noting that it is the most comprehensive mineral survey since 1972. He praised President Hichilema’s leadership and policy direction, which have been instrumental in the realization of this project. 

This survey represents a crucial step in Zambia’s mineral exploration efforts, with the potential to guide future investments and support resource management strategies nationwide. 

A geoid is a model of the Earth’s surface that reflects mean sea level on shore and corresponds to a flat and level surface within the Earth’s gravity field.

This “flat” level surface is used alongside GNSS (Global Navigation Satellite Systems) coordinated height data to determine precise physical heights, providing essential context for elevation data across various applications. The geoid can be thought of as the physical reference surface from which physically meaningful elevations can be measured.

Geoid models are critical a critical component of positioning infrastructure, with applications which include:

• Surveying and Mapping: They enable efficent GNSS height measurements, for engineering and construction projects.
• Flood Risk Assessments: They underpin analysis determining water flow patterns and coastal inundation modelling.
• National Height Datum: They facilitate a unifies reference surface for measuring hights across a country, critical for infrastructure development and geographic data consistency.
• Critical National Positioning Infrastructure: The support geodetic and GNSS networks, vital for navigation, transportation, and land management.

We offer airborne gravity surveys specifically tailored for geoid modelling and data processing services to deliver geoid models that meet the highest standards. Using our proprietary iCorus-iX scalar gravimeter, we capture gravity data suitable for cm level accurate geoid modelling from the air, allowing for seamless and efficient data capture over large and otherwise inaccessible areas.

• Scalar Absolute Gravimetry: We use the iCorus-iX gravimeter to measure gravity anomalies at a 3 km spatial resolution. The system provides high accuracy, with gravity anomalies accurate to within 1-2 mGal.
• Survey Design: Flights are conducted at tailored altitudes and line spacings to ensure full coverage of the area. Depending on terrain and specific project needs, we adjust flight parameters for optimal downstream geoid modelling.

Data Processing and Modelling

After data capture, we process the collected data through several key steps:

• Gravity Anomalies: We reduce the gravity data to anomalies on a line-by-line basis, applying time domain filters to remove any artifacts associated with system dynamics during data capture.
• Least Squares Collocation: This method is used to interpolate gravity anomaly data in three dimensions onto regular grids at the topographic surface, as well as directly model the disturbing potential from scalar gravity anomalies.
• Transformation of Potential into a Reference Surface: The final transformation from potential into the reference surface is tailored to meet the client’s specific needs—whether producing a quasi-geoid by applying Bruns’ equation directly or applying additional topographic compensations (e.g., the Poincaré-Prey approach) to generate a true geoid.
• Uncertainty Quantification: Uncertainty is propagated through the least squares collocation method and final transformations, providing estimates of accuracy for both the gravity anomalies and the resulting geoid model.

• Gravity Anomalies and Interpolation: Gravity anomalies are processed at flight altitudes, then interpolated into regular grids as per client specifications. The anomalies are processed specifically for geoid modelling, e.g. using orthometric heights during the reductions. The interpolation includes a downward continuation of the gravity data to the surface of the topography.
• Data fusion: Additional data sources can be ingested during the interpolation phase using Least Squares Collocation to augment the airborne data with any existing high-fidelity gravity data coverage, or GNSS-levelled heights.
• Remove-Compute-Restore Scheme: To ensure high precision in the long wavelengths, we use global spherical harmonic models (e.g., EGM2008) to adjust for large-scale gravity variations, allowing us to focus on the finer details of the local gravity field.

Why Choose Us?

Our expertise in airborne geophysics and geoid modelling ensures that you receive the most accurate, reliable, and timely data for your project. Whether it’s national-scale surveys or specialized local models, our team is equipped to meet the most rigorous requirements.