For the first time, SensOre has used artificial intelligence to find a lithium exploration target

Wed 28 Sep 22, 11:36am (AEDT)

Key Points

  • SensOre has used its AI technology to find a lithium exploration target
  • This target the first of 8 agreed to under a partnership with Germany’s Deutsche Rohstoff
  • SensOre retains a 30% interest in every target it finds ticked off by partners

Part-explorer and part-software developer, SensOre (ASX:S3N) has confirmed today its ability to use its in-house artificial intelligence (AI) software to find potential lithium targets for exploration, verified by expert geologists. 

Conflating a combination of geotechnical and geochemical data together, the company’s software picked out three different targets prospective for lithium mineralisation. 

One of those targets, called Bowgarder Well, has been checked off by human experts working for SensOre JV partner Deutsche Rohstoff, and drilling will now proceed. The Bowgarder Well target sits in the north western portion of WA’s Yilgarn Craton. 

Sensore a first-mover: management 

“The lithium pegmatite potential of these targets is significant…[our] ability to rapidly review state-wide data and identify targets has allowed us to be a first-mover in new areas,” SensOre CEO 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.” 

The company also noted its lithium predictive targeting run absorbed data containing the results of over 7.8 million surface samples and 170 million individual assays. Whether or not this data was purely located in WA, or global, is not disclosed. 

Deutsche who? 

Deutsche Rohstoff is principally an oil and gas firm, but in a similar vein, it identifies land believed to contain hydrocarbon deposits before selling those parcels to customers. In an ever digitising world, the company signed up with SensOre to check out its counterpart’s capabilities. 

The company first minted a partnership all the way back in March this year. 

Under an agreement, SensOre retains a 30% interest in all targets developed; the two parties have also committed to identifying eight targets. SensOre may have a tough crowd to work with: of three targets announced today, its partners have only accepted one. 

A preliminary budget of $4m was agreed to in Q1 to fund exploration activity; $2.8m contributed by Deutsche Rohstoff, and, $1.2m by SensOre. 

A look at SensOre's six month charts. Are investors overlooking this unique player?
A look at SensOre's six month charts. Are investors overlooking this unique player?
Disclaimer: Market Index helps small-cap ASX listed companies connect with Australian investors through clear and concise articles on key developments. SensOre was a client at the time of publishing. All coverage contains factual information only and should not be interpreted as an opinion or financial advice.


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Written By

Jonathon Davidson

Finance Writer

Jonathon is a journalism graduate and avid market watcher with exposure to governance, NGO and mining environments. He was most recently hired as an oil and gas specialist for a trade publication.

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