CorePlan Raises $5 Million to Expand Its Mining Software Platform

Why It Matters

The capital infusion positions CorePlan to become the de‑facto operating backbone for mining contractors, driving efficiency at a time of heightened exploration activity and supply‑chain pressure.

Key Takeaways

• Raised $5M follow‑on round led by EVP
• Serves 600+ mining firms, 9,000 users
• $6B drilling work processed through platform
• Adding drilling and geology modules
• Expanding in Americas and Australia

Pulse Analysis

The mining sector is undergoing a digital overhaul, with operators seeking to replace legacy spreadsheets and ad‑hoc communications with unified, cloud‑based solutions. CorePlan’s platform addresses this gap by linking contractors, geology teams, and corporate stakeholders in a single system of record, streamlining everything from exploration planning to invoicing. By automating tasks that once took days, the software cuts operational latency, improves compliance visibility, and enables data‑driven decision‑making across complex, multi‑contractor projects.

CorePlan’s recent $5 million raise reflects strong investor confidence amid a backdrop of soaring gold prices, surging demand for critical minerals, and geopolitical supply‑chain disruptions. The capital will power a strategic expansion of its product suite, adding dedicated drilling and geology modules that broaden its value proposition. Geographic growth targets the Americas—where mining investment is accelerating—while bolstering its Australian footprint, ensuring localized support for a global user base that now adds roughly 300 new participants each month.

For the broader mining technology landscape, CorePlan’s momentum signals a shift toward integrated, mission‑critical platforms that can scale with industry consolidation. With heavyweights like BHP, Fortescue, and Rio Tinto already onboard, the startup is poised to set new standards for contractor‑to‑enterprise collaboration. As more firms adopt such solutions, we can expect heightened data integrity, faster project cycles, and a competitive edge for operators that embrace digital workflows early.

CorePlan raises $5 million to expand its mining software platform

By Simon Thomsen · Feb 5 2026 · 2 min read

A Perth startup that helps mining companies plan and execute their exploration and drilling has raised $5 million in a follow‑on round.

The raise for CorePlan was led by existing investor EVP. The funds will help grow the global team, expand the product into drilling and geology workflows, scale regional support and its presence in the Americas, as well as expand operations in Australia.

CorePlan’s software connects contractors and geology teams into a single system of record for planning, production, compliance, and invoicing in a sector where a fragmented mix of spreadsheets, messages and databases to manage complex operations is still common.

Record gold prices, critical‑minerals demand, and supply‑chain issues because of geopolitics have accelerated exploration activity.

BHP a user

Drilling and earth‑moving contractors use CorePlan to run their operations and bring mining customers onboard, while mining companies are able to standardise these workflows across multiple contractors.

BHP, Fortescue, AngloGold Ashanti and Rio Tinto are among more than 600 companies and 9,000 users of CorePlan, with around 300 new users joining the platform monthly. More than $6 billion in drilling and mining works have gone through the platform.

Founder and CEO Alex Goulios said the funding will accelerate CorePlan’s mission to modernise drilling operations globally.

“Our focus has always been on bridging the gap between contractors and mining teams. This investment will allow us to continue to expand our global team, extend our range of services to deliver value to the global mining industry,” he said.

“CorePlan is becoming the operational backbone for the industry by turning manual admin tasks that once took days to minutes. This round validates the impact our team is delivering for our customers.”

EVP partner Mark Velik said increasing its investment was the result of the startup’s strong execution, global traction and customer outcomes.

“CorePlan stands out as the category‑defining platform for mining and drilling operations,” he said.

“Customer advocacy, expansion and enterprise adoption is exceptional, and the team has consistently delivered a world‑class, mission‑critical product.”

This article was first published by Startup Daily.