SensOre (ASX:S3N) investors would be well placed to keep their watchlist tabs open with the company to report four different sets of assay results from four different projects in the near future.
At this time, SensOre is waiting to publish geotech information at the following plays:
Eaglehawk (74 aircore holes at 6,480m)
Balagundi (81 air core holes at 3,778m)
Maynards Dam-Marloo (105 air core holes remaining for a total 5,288m)
Moonera (mud rotary diamond drill hole at 733m)
All projects, except for Moonera, are gold plays. Moonera, meanwhile, is a critical minerals and battery metals project in southeastern WA.
These results will follow up on SensOre’s recent successful identification of an untested gold mineral system at the company’s North Darlot acreage.
Investors should note existing evidence is not absolute, but is increasingly supported by the results of both an aircore and RC drilling program.
Also worth keeping an eye on, for the uninitiated, is SensOre’s Victoria pilot project, where it used its in-house AI exploration tech to successfully hit two prospective gold targets in Victoria for third party clients.
Ultimately, this supports the business case for the commercial applications of SensOre’s software division. The company expects to provide updates on the Victorian pilot in the coming weeks and months (read: third quarter of 2022).
In early July, SensOre acquired Melbourne like-for-like AI-based geotech exploration software company Intrepid Geophysics, which the company expects to see materialise in an extra $2m in revenue each year.
With Intrepid under its belt, SensOre has now grown its software division to a network of five entities. Those are:
Moksha-EM (electromagnetic imaging disruptor)
Argus (a geological 3D modelling software in of itself)
JetStream II (a global geospatial database)
Sea-g Marine Gravity (a seafloor mapping program owned by Intrepid)
Intrepid Geophysics (a former Oz AI exploration competitor)
Dipping quickly into dollars and sense: SensOre finished the June quarter with $4.12m in cash.
One month returns are up a whopping 53% for SensOre shareholders, though, year to date performance has fallen below -30% as a rough 2022 takes its toll.
But with over 15km worth of assay results due on the horizon, there is every change SensOre will find an interested market willing to spend.
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