Honeycomb

Decision Infrastructure for Energy & Resource Assets

The analytical depth of a 100-person team - across your entire portfolio, continuously.

Already have an account? Sign in

Built by Sirca - intelligence infrastructure for defence and critical industries

Here's what it produces

Investment-grade output

Every analysis produces structured results with source traceability, risk flags, sensitivity analysis, and confidence scoring.

Input:PFSDFSNI 43-101+ 3 supporting docsHoneycomb processed all 6 documents

0

pages read

0

metrics extracted

0

entities mapped

4m 12s

total processing time

Analysis Output

Barrington Gold Project - Valuation & Scenario Analysis

Base Case NPV (8%)

$4.72B

IRR 86.4%

Source: PFS p.147, Table 22.1

P50 NPV (Monte Carlo)

$4.62B

10,000 iterations

Honeycomb Monte Carlo engine

Payback Period

0.9 yrs

Post-tax, undiscounted

Source: PFS p.149, Section 22.4

Confidence Score

87 / 100

2 flags require review

Weighted across 14 factors

Honeycomb flagged 2 issues your team should review

CAPEX estimate is 15% below comparable projects

The processing plant is estimated at $312M. Comparable gold projects at similar scale and jurisdiction range from $358M to $402M. This may indicate understated capital requirements.

PFS p.89, Table 14.2 - cross-referenced against industry benchmark dataset

Recovery rate assumption not supported by metallurgical testwork

The model assumes 96.2% gold recovery. The pilot plant achieved 91.7%. A 4.5% gap with no supporting testwork creates material downside risk to NPV.

DFS p.44, Section 8.3 vs. DFS Appendix D, Table D-7

Resource classification is JORC 2012 compliant

Qualified Person sign-off confirmed. 82% of total resource classified as Measured & Indicated.

NI 43-101 p.31, Section 6.1

NPV Sensitivity (+-20% on key inputs)

Gold Price
CAPEX
Head Grade
Recovery
Discount Rate
-$1BBase+$1B

Every number traced to its source document, page, and paragraph. Nothing approximated. Nothing hallucinated.

Illustrative output. Gold price as of Feb 2026.

Live Demo

See it in action

Upload a document. Watch Honeycomb extract every metric, map every entity, and build a complete digital twin - in real time.

honeycomb.sirca.io
Source Document

Barrington_Gold_PFS_2024.pdf

Pre-Feasibility Study - 312 pages

Executive Summary
Resource Estimate
Mining Method
Process Design
Financial Evaluation
Environmental Assessment
Extracted Intelligence
Click "Process Document" to begin

The Problem

Billion-dollar decisions. Fragmented intelligence.

Energy companies, mining operators, and resource investors make critical capital decisions every day - but the intelligence behind those decisions is scattered, slow, and incomplete.

Portfolio managers can't see the full picture

Patterns across dozens of assets remain invisible when each is analysed in isolation. Cross-asset opportunities are missed daily.

Technical teams analyse assets one by one

Sequential, manual analysis means cross-asset optimisation opportunities are structurally invisible to your team.

Executives lack real-time operational intelligence

By the time reports surface, conditions have changed. Decision-makers work with lagging indicators instead of live intelligence.

Due diligence is stale by completion

Analysts spend months on assessments. By the time the answer arrives, market conditions have already moved.

Traditional approach: hire analyst teams, commission consultants, wait weeks or months for insights.

The problem: by the time you have the answer, the opportunity has moved.

Built for operational decisions, not productivity gains

The companies that win in resource markets don't just work faster - they see opportunities their competitors can't perceive. Honeycomb creates information asymmetry: you make decisions with complete portfolio intelligence while others are still assembling spreadsheets.

A distressed asset hits the market

You have 48 hours to decide. Your competitors are scrambling for consultants. Your intelligence is already there.

Commodity prices shift overnight

You need to reoptimise capital allocation across 15 projects. Honeycomb shows the optimal path before the market opens.

Your board asks which assets are underperforming

And why. No scrambling, no pulling all-nighters to assemble data. The answer is continuously maintained in the platform.

You're evaluating a $2B acquisition

Four weeks to close. Traditional approach: incomplete analysis under time pressure. Honeycomb approach: investment-grade intelligence in days.

Traditional approach: scramble for consultants, pull all-nighters, make the call with incomplete information.

Honeycomb approach: the intelligence is already there, continuously updated, ready to query.

Pricing

One platform. Unlimited asset coverage.

£499/month

No per-seat licensing. Full platform access. Every intelligence module.

What this replaces

  • Senior analysts spend 3–4 weeks on a single asset valuation
  • Your portfolio has 20+ assets that need continuous monitoring
  • A dedicated intelligence team costs £2M–5M annually
  • Consultant engagements run £200K–500K per major decision
  • Or you accept decisions made with incomplete information

Honeycomb delivers continuous, portfolio-wide intelligence for less than the cost of a junior analyst.

14-day free trial. Full platform access. Cancel anytime.

The intelligence is already built. Start using it.

14-day free trial. Full platform access. Cancel anytime.

Already have an account? Sign in

How It Works

How Honeycomb Works

Honeycomb is decision infrastructure for physical assets - not software that helps analysts work faster, but the intelligence substrate your decisions run on.

Semantic digital twin

Every asset becomes a queryable knowledge graph - technical reports, production data, financial models, regulatory filings, and operational logs unified into a single intelligence layer.

Multi-dimensional pattern recognition

Processes hundreds of variables simultaneously across time - technical, economic, operational, market, and strategic factors analysed together, not in silos.

Modular intelligence algorithms

Industry-standard analytical capabilities - pit optimisation, decline curves, portfolio allocation, scenario modelling - available at the click of a button across mining, oil & gas, renewables, and resources.

Continuous monitoring

The platform tracks your entire portfolio around the clock. You wake up to prioritised intelligence - not yesterday's reports.

1

Upload your documents

PFS, DFS, NI 43-101, CPR, annual reports, financial models - any technical document in PDF, DOCX, or Excel.

2

Honeycomb builds the digital twin

Every page is read. Thousands of metrics extracted. Entities mapped. A complete knowledge graph constructed automatically.

3

Run intelligence on demand

Valuation, scenario modelling, due diligence, portfolio optimisation - 25+ modules for mining, oil & gas, renewables, and resources produce investment-grade intelligence.

The Technical Advantage

What Honeycomb actually reads and extracts

Honeycomb reads every page, extracts every metric, maps every entity, and builds a complete digital twin of the asset - from PFS, DFS, NI 43-101, CPR, annual reports, and more.

500-2,000+ metrics per document

NPV, IRR, CAPEX, OPEX, grades, tonnages, recovery rates, throughput, mine life, discount rates, sensitivity parameters

50-200+ named entities

Companies, people, jurisdictions, permits, contractors, equipment, deposits, formations - all mapped and linked

Complete financial model parameters

Every assumption needed to rebuild the DCF from scratch, extracted automatically with source provenance

Cross-document intelligence

Upload 10 reports - Honeycomb connects every metric, tracks every change between versions, resolves conflicts

Full traceability

Every extracted value links back to its source page, paragraph, and confidence score. Nothing is approximated.

Minutes, not weeks

What takes an analyst a week of reading and spreadsheet work, compressed into a single upload

What becomes possible

25+ purpose-built analysis modules for mining, oil & gas, renewables, and resources. Here is what they enable.

Pattern recognition humans can't see

Your analysts juggle 5-7 variables. Honeycomb tracks hundreds simultaneously.

  • Technical performance, economic factors, and operational data - analysed together, not in silos
  • Market dynamics and strategic signals cross-referenced in real time
  • Correlations surfaced that are invisible to sequential analysis

“When metallurgical recovery drops below 87% and commodity prices are above $4.20/lb and equipment utilisation exceeds 92% - there's a 73% probability the operator is pushing throughput at expense of grade control, creating a 6–8 month forward production cliff not reflected in guidance.”

A human analyst might eventually see this. Honeycomb sees it immediately.

Multi-layer decision chains, instantly

The best decisions require seeing cascading effects across multiple systems.

  • Maps ripple effects across production, hedging, cost curves, and financing
  • Evaluates multi-layer causal chains that take analysts weeks to reason through
  • Delivers answers before opportunity windows close

“If we defer this capex project, what happens to year 3 production? How does that affect our hedge book? What does that do to our cost curve position? Can we still refinance debt in 18 months?”

Honeycomb shows you the entire chain - instantly.

Portfolio-level optimisation

$500M to deploy across 15 assets. Which allocation maximises risk-adjusted returns?

  • Considers technical characteristics, development stage, commodity exposure, and jurisdiction risk
  • Runs hundreds of scenarios in minutes with your specific constraints
  • Surfaces cross-asset intelligence that sequential analysis structurally misses

Due diligence acceleration

M&A target available. Four weeks to decide on a $2B acquisition.

Traditional

  • Technical consultant: $200K, 8 weeks
  • Financial model: 2 weeks analyst time
  • Decision by deadline with incomplete analysis

With Honeycomb

  • Upload data room, get validated estimates and red flags
  • Scenario modelling across commodity price paths
  • Investment-grade analysis in days, all traceable to source

Who is this for?

Professionals who work with resource assets and are tired of spending 80% of their time on data extraction instead of judgement.

Portfolio Managers & Multi-Asset Operators

  • Real-time visibility across your entire portfolio
  • Systematic rebalancing and concentration risk detection
  • Optimal capital deployment - continuously, not quarterly
  • Manage investments across jurisdictions at scale

Mining & Energy Operators

  • Production optimisation across operations
  • Scenario modelling for different commodity price paths
  • Continuous monitoring that flags issues before they become crises
  • Maintenance and operational decision support

Investment Banks & Advisory Firms

  • Evaluate 10–50+ transactions per year systematically
  • Accelerate due diligence from weeks to days
  • Win competitive mandates with better analysis infrastructure

Sovereign Wealth, PE & Institutional Investors

  • Monitor dozens of resource investments continuously at scale
  • Detect issues weeks before they surface publicly
  • Run due diligence on acquisition targets faster than competitors
  • Strategic intelligence on what is actually happening vs. management reports

Corporate Development Teams

  • Screen development-stage assets at speed
  • Structure resource-backed project finance with complete data
  • Move from screening to investment committee with validated intelligence

Technical Consultants & Advisors

  • Produce independent assessments in a fraction of the time
  • Cover more mandates without adding headcount
  • Every conclusion backed by source-traced, auditable data

How is this different?

A complete decision system.

  • Extracts thousands of structured parameters from a single document
  • Builds financial models, runs Monte Carlo simulations, produces industry-calibrated analysis
  • Generates formatted investment-grade reports with source citations

Total resolution. Zero data loss.

  • Every metric traced to source page, paragraph, and confidence score
  • Cross-document version tracking - updates, deltas, and conflicts flagged
  • Nothing approximated. Nothing lost.

Portfolio-scale intelligence.

  • Same analysis depth across 50+ assets simultaneously
  • Compare cost curves, grade distributions, risk profiles across your portfolio
  • Weeks of analyst consolidation work in minutes

Multi-stakeholder model synthesis.

  • Parse competing models from developers, operators, and banks
  • Variance analysis across 30+ parameters
  • Weighted consensus with P10–P90 scenarios

AI built for the sector.

  • Not general-purpose AI. Purpose-built for mining, oil & gas, renewables, and resources
  • Every extraction rule, validation check, and benchmark is sector-specific
  • Reasons like a senior analyst with 20 years of sector experience

Continuous, not point-in-time.

  • Living digital twin updates with every new document upload
  • Commodity price movements reflected automatically
  • Intelligence that is always current, never stale

The numbers

Minutes, not weeks

Complete financial model from a single upload

0+

Structured metrics per document

0+

Purpose-built analysis modules

4

Sectors covered

0

Monte Carlo iterations per valuation

0%

Data isolation per organisation

JORC, NI 43-101, SEC

Built-in compliance frameworks

0+

Assets analysed simultaneously

Common questions

Start analysing assets today

14-day free trial. Full platform access. Cancel anytime.

Already have an account? Sign in