SensOre Ltd and its artificial intelligence (AI) and machine-learning DPT® technology are continuing to gain traction across the exploration sector, with the ASX-listed company having progressed work with Barton Gold Holdings Limited and Deutsche Rohstoff AG.
SensOre says its exploration tools predict the location and economic viability of deposits, generating information on endowment (size), grade and depth at a cell dimension small enough to quicken decision making and move directly from predicted target to drill testing cost effectively and with a narrower environmental footprint.
The company has, first, signed a terms sheet with Barton Gold to adapt and refine its Discriminant Predictive Targeting (DPT) technology to a circa-60,000 sq.km portion of the Gawler Craton in South Australia surrounding Barton Gold’s assets (pictured). The companies will focus on the targeting of gold and copper mineralisation.
Second, the company has agreed terms with Deutsche Rohstoff on the identification, acquisition and exploration of SensOre-generated lithium targets in Western Australia following what it says were “exciting results” from its first lithium-targeting program completed in December 2021.
The agreement with Barton is worth up to A$400,000 ($295,662) in co-funding to add data to the company’s South Australian data cube in the area surrounding Barton Gold’s tenements, with SensOre and Barton Gold operating in exclusive partnership on DPT targets generated in that area. Barton will also become a SensOre client and, subject to production from new gold and copper targets identified via DPT, SensOre will be entitled to additional royalty fees linked to gold ounces produced (or copper equivalent), it said.
Under the contract, Barton Gold will also join SensOre’s South Australian gold and copper prospectivity mapping initiative, which includes Hillgrove Resources, Argonaut Resources and Aroha Resources. The subsequent DPT engagement includes provision for integrating Barton Gold’s extensive data sets and deploying SensOre’s DPT in the area.
SensOre and Barton Gold will now advance the terms sheet to a detailed binding agreement ahead of commencement.
In the Western Australian lithium sector, meanwhile, SensOre stands to benefit from Deutsche Rohstoff as a partner through agreed targeting, acquisition and geological consulting fees for a minimum of eight accepted lithium targets, worth A$125,000 per target for a total of A$1 million.
The company will hold an initial participating interest of 30%, with Deutsche Rohstoff holding the balance. A preliminary budget of A$4 million has been agreed to fund exploration activity (A$2.8 million contributed by Deutsche Rohstoff and A$1.2 million by SensOre).
SensOre’s agreements with Deutsche Rohstoff and Barton Gold are the latest of several client engagements that leverage the potential of SensOre’s multidimensional Data Cube and AI-enhanced targeting technology, it said.
SensOre Chief Executive Officer, Richard Taylor, said: “We are excited to collaborate with Barton Gold who understand the tremendous upside potential that machine learning can bring to exploration and are already trialling machine learning technologies in the area including CSIRO’s machine-learning adaptive sampling platform. This partnership is an important milestone in offering Australia-wide prospectivity mapping and AI-enhanced minerals targeting to innovative explorers.”
He added on the agreement with Deutsche Rohstoff: “We look forward to collaborating with Deutsche Rohstoff to find the mines of tomorrow to reinforce Europe and Australia’s supply chain of battery and critical minerals needed to underpin global energy transition demand.”
