SensOre Ltd (ASX:S3N) has kicked off open tenure lithium acquisitions using artificial intelligence (AI) technology in Western Australia after completing a successful second lithium targeting run in June this year.
“The lithium pegmatite potential of these targets is significant based on the work undertaken to date. The ability to rapidly review state-wide data and identify favourable geology and geochemistry has allowed us to be a first-mover in new areas,” SensOre chief executive officer Richard Taylor said.
“While some companies are focused on quantity and area of tenements, we are looking at being more selective for quality in building our battery and critical mineral portfolio.”
SensOre group new lithium tenement applications as of September 2022.
Machine targetting
The new lithium Discriminant Predictive Targeting® (DPT) ‘run’ includes the Geological Survey of Western Australia (GSWA) surface and drilling industry geochemical data collected and supplied to the GSWA over the last 60 years.
The dataset includes 7.8 million surface samples with 76.4 million individual assays together with 41.5 million drilling samples covering 170.4 million individual assays.
SensOre is actively applying sophisticated machine learning algorithms to incorporate the assay data into its multi-commodity mineral exploration models and products, including lithium, nickel, gold and copper to improve targeting outcomes and increase the potential for mineral discovery.
SensOre’s technology team has constructed 147 high-resolution geochemical maps for 40 elements, including lithium, to aid in acquiring new targets.
Joint venture exploration
Bowgarder Well is the first of eight targets selected by JV partner Deutsche Rohstoff AG for lithium exploration.
SensOre will have a 30% interest in the targets, which are worth $125,000 each for a total of $1 million.
A preliminary budget of $4 million has been agreed to fund the exploration activity, of which Deutsche Rohstoff will contribute $2.8 million and $1.2 million by SensOre.
Deutsche Rohstoff is a German-based company focused on the identification, development and sale of attractive natural resources projects primarily in North America, Australia and Europe.
About SensOre
SensOre aims to become the world's top performing minerals targeting company through the deployment of AI and machine learning (ML) technologies, specifically its Discriminant Predictive Targeting® (DPT®) workflow.
The company collects all available geological information in a terrane and places it in a multi-dimensional hypercube or data cube. Its big data approach allows DPT predictive analytics to accurately predict known endowment and generate targets for further discovery.
The SensOre Group has built a tenement portfolio of highly prospective, wholly-owned and joint ventured technology metals tenement packages located in Western Australia, and hopes to identify and acquire new ones in Australia and internationally once its technology expands to new terranes and a broader range of commodities.