Orexplore Technologies (ASX:OXT) witnessed a monumental surge in its shares, escalating as much as 122.8% to reach A$0.103, marking their highest intra-day jump.

The Mining services provider recently signed a commercial agreement with BHP Group, earning them A$1.55 million.

Further specifying, the agreement will facilitate the deployment of the company’s specialized technology to BHP’s onshore Carrapateena operation in South Australia.

The stock has reached its highest level since January 25, despite having fallen 48.9% this year up until the last close.

Orexplore Technologies is a provider of specialized mining services and technology.