Sensore Secures NSW Government Critical Minerals Funds

SensOre Ltd (ASX:S3N) is pleased to announce that it has been advised that its final submission has met the requirements for funding from the Critical Minerals and High-Tech Metals Activation Fund Steam 1. The funding worth $322,000 will support the growth of SensOre’s technologyplatform on the east coast and extend our lithium pegmatite and other battery mineral targeting initiatives.

Highlights

• SensOre has received grant funding from the NSW government worth $322,000
• Funds will be used to support expand SensOre’s data platform and lithium targeting initiatives
• New remote sensing techniques, deployed most recently in South Australia, will be trialled in areas not currently known for lithium prospectivity, potentially opening up new exploration terranes
• Promising research into AI and machine learning methods to identify lithium rich granites as sources of economic lithium, tin, tantalum and caesium will be tested over large areas of New South Wales
• Funding opens up NSW to clients for SensOre’s AI technology

The SensOre project looks at new approaches to remote sensing and targeting spodumene mineral bearing lithium, caesium, tantalum (LCT) pegmatites in NSW. The project design leverages significant advances that have been made in remote sensing and combined application of large geochemicaldatasets to explore for spodumene occurrences in pegmatites.

The project will look at the effectiveness of remote sensing approaches, largely radiometric data, and the application of large geochemical data to fertility indicators on granites to predict potential associated LCT pegmatite and then use for direct targeting the mineral spodumene. Spodumene is the primary mineral for economic hard rock lithium deposits.

The lithium targeting initiative in NSW involves expanding SensOre’s data platform, comprising geochemical, geophysical and geological data layers to incorporate New South Wales. Research will be undertaken in two activities undertaken parallel. The first involves using the comprehensive whole-rock geochemistry of granitic rocks to predict and then identify high lithium bearing pegmatites. The second involves developing and deploying new caesium elemental response techniques using full spectral gamma ray surveying. The targeting exercise will use fused results from both geochemistry and geophysics, using advanced AI and machine learning technology approaches. A result of the work will be litho-geochemical and mineral prospectivity maps over NSW for LCT pegmatites and other critical minerals.

Critical Minerals and High-Tech Metals Activation Fund Background

The NSW Critical Minerals and High-Tech Metals Strategy outlines the NSW Government’s commitment to drive investment into the critical minerals and high-tech metals sector across the entire supply chain in NSW. The Strategy outlines the market opportunitiesfor critical minerals and high-tech metals in NSW, including the specific investment and job-creating opportunities and competitive advantagesfor NSW to establish a viable, valuable and sustainable sector. To realise the strategy, the NSW Government has established the $130 million Critical Minerals and High-Tech Metals Activation Fund to drive investment and support the development of the sector. The Fund aims to position regional NSW as a major global supplier and processor of critical minerals and high-tech metals.

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