By Desiree Salas (media@latinospost.com) | First Posted: Apr 29, 2014 11:55 PM EDT

Australian tech firm GeoResonance has claimed that it has found what remains of a plane in the Bay of Bengal, about 118 miles south of Bangladesh, The Daily Mail reported.

The company was "was scanning for metals along the ocean floor when they got a hit for an object with the same metallic make-up as a commercial plane."

"The company said images taken of the same spot five days earlier showed it had appeared between the 5th and 10th of March 2014. The plane disappeared on March 8," the British publication noted.

"The company is not declaring this is MH370, however it should be investigated," GeoResonance statement's said, according to CNN.

David Pope, director of the firm, said he initially did not want to announce their findings. However, he went on with it and was brushed away.

"We're a large group of scientists, and we were being ignored, and we thought we had a moral obligation to get our findings to the authorities," he told CNN Tuesday.

Reuters had reported that the Joint Agency Coordination Center handling the multinational search for Flight MH370 "dismissed" GeoResonance's suggestion, believing that the plane "came down in the southern Indian Ocean off Australia."

"The Australian-led search is relying on information from satellite and other data to determine the missing aircraft's location," the JACC said, as quoted by CNN. "The location specified by the GeoResonance report is not within the search arc derived from this data. The joint international team is satisfied that the final resting place of the missing aircraft is in the southerly portion of the search arc."

However, Malaysian authorities appeared to be "very interested, very excited" about what the tech firm has found.

"The company, which uses its technology to excite the nucleii of a specific atom in order to detect it, started searching for the plane on April 12 by initially trying to find aluminium - the most abundant metal used to build the 777 model," The Daily Mail said. "Once it detects aluminium it moves onto the next most abundant metal - titanium, followed by copper, steel alloys, then other materials - in order to narrow down the search."

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