SensOre

Sensore AI Lithium Targets

SensOre Ltd is pleased to announce it has commenced lithium AI-target acquisition in Western Australia. These new open tenure applications follow further exciting results from SensOre’s second lithium targeting run completed in June 2022.


Highlights

  • SensOre continues expansion of lithium targeting with three new wholly owned applications and its first Deutsche Rohstoff AG joint-venture target acquired
  • The open tenure targets selected were based on quantitative relationships determined between geology, geophysics and geochemistry using fused geoscience data in a state-wide data cube
  • Bowgarder Well becomes the first of eight targets accepted by Deutsche Rohstoff for lithium exploration. SensOre retaining a 30% interest in these targets
  • SensOre continues to develop its proprietary lithium pegmatite index based on geochemistry and is undertaking advanced R&D on the use of radiometric data to rank lithium target potential
  • Lithium adds to SensOre’s growing portfolio of battery and critical mineral joint-ventures
Lithium Targets

SensOre Chief Executive Officer Richard Taylor said: “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. 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 new lithium Discriminant Predictive Targeting® (DPT) ‘run’ includes the newly ingested 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. The exploration and mining industry has spent billions of dollars collecting this data, the replacement value of which is estimated to exceed $10 billion.1

SensOre is actively applying sophisticated machine learning algorithms to incorporate this assay data into its multi- commodity mineral exploration models and products (including lithium, nickel, gold and copper) used by SensOre and its clients 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. The lithium and pathfinder element maps have informed the acquisition of these new targets.

In addition to wholly owned targets, Bowgarder Well is the first of eight targets selected by Deutsche Rohstoff as a partner. SensOre’s targeting work is worth $125,000 per target for a total of $1 million. SensOre retains a 30% equity interest in these projects. A preliminary budget of $4 million has been agreed to fund exploration activity ($2.8 million contributed by Deutsche Rohstoff and $1.2 million by SensOre).


Click here for the full ASX Release

This article includes content from SensOre, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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