VR Resources | Cost Efficient Drilling Tracker

VR Resources is an established junior exploration company focused on greenfields opportunities in critical metals, copper and gold in the western United States and Canada. Successfully running operations on 7 projects since 2014.

Timeline

How did Grid & VR Resources collaboration come about?

Onboarded with Grid within 5 days from Initial Setup to a custom dashboard conceptualised by Justin Daley (Vice President Exploration of VR Resources).

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Operations @ VR Resources Powered By Grid

Daily Operational Expenses

All daily expenses on fuel, transport, drilling costs, consumables, etc are logged on Grid and sorted by project & category.

Daily Drilling Activities

Tracks drill hole IDs, drill crew shift management, and projects, so that every meter drilled is recorded.

Invoices

As invoices come in from vendors, they’re added to Grid and correlated with expenses already made.

Dashboards

Allows VR Resources to stitch together data sources and calculate KPIs such as dollars spent per meter drilled, which are key to determining how efficiently VR Resources is running their drilling ops.

KPIs Being Tracked

Category-wise Expenses, Cost per metres Drilled, Reconciliation of Invoices to Actual Payments