SensOre closer to sniffing out battery metals at WA Madura play using AI detection tech
SensOre's WA Madura play, originally for critical minerals and battery metals, continues to evolve
Source: Unsplash
Mentioned
KEY POINTS
- A 733m drill core processed from the WA Madura critical minerals and battery metals project confirms a large geological system associated with copper gold
- Boosts company’s confidence in the Moonera target at Madura and also suggest possibility of polymetal play
- Geotech team are now working ahead to figure out the best place to launch follow up drilling
SensOre (ASX:S3N) has again proven the potential of its automated AI-powered geoexploration technology with drilling results from an area its software selected for drilling confirming all the right traits for potential high-value mineralisation.
The area in question is the Moonera prospect, on-site the larger Madura project.
Moonera is a circular magnetic anomaly up to 7km in size at its widest point and was first detected by SensOre using its in-house AI detection products.
A 700m long core sample completed at the Madura project in WA intersected a thick type of geological formation generally coincident with copper and gold systems.
The company’s geotech team notes this same system also underscores the potential of critical minerals, battery metals, and base metals.
AI tech a potential cost saver
While the company has not returned assay results confirming mineralisation for any target materials, it is confident this early-stage success is another demonstration of the potential for its AI tech to work as intended, ultimately taking a lot of guesswork out of exploration.
Given the high costs associated with drilling in Australian jurisdictions, the commercial implications are obvious.
Evolving state of play
Despite listing Madura as the company’s critical minerals and battery metals project, the company has today highlighted the potential for base metals at Moonera, too.
In short, management believe SensOre’s Madura project is rife with potential. What, exactly, it will end up being rife with, remains to be seen in future drilling.
SensOre holds its interest in Madura through a JV with privately held Nullabor Resources.
SensOre participates in that JV through a 100% owned subsidiary, not particularly unusual for a company managing multiple exploration projects.
As for the next stage of activity at Madura, shareholders may have to be patient. The company notes it is now assessing further drill targeting, or in other words, where exactly at Moonera to start positioning drill rigs.
The company also highlights growing interest in the Madura region from majors BHP (ASX: BHP) and Rio Tinto (ASX: RIO).
A look at SensOre's three month charts
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.
