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SensOre (ASX:S3N) CEO Richard Taylor participated in the development of a disruptive mining technology that combines AI and machine learning to identify and confirm mineral deposits. The demand for resources is a driving force in the Australian economy, with critical minerals comprising a significant portion of this enterprise. While the continent is home to vast mineral resources, Taylor notes, “Two thirds of the Australian continent is beneath under-transported sands, so it’s an interesting time for us to be taking AI and being able to apply that to these challenges.”
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He mentions, “One of the biggest things we’re doing is taking the advantages of artificial intelligence to the exploration problem. The world needs more battery and critical minerals to be able to meet the energy transition that we know the world is going through at the moment. Unfortunately, exploration rates have been falling over time — so we need a new way of doing things that opens up areas that we haven’t been able to explore before. That’s where AI comes in. We’re focused on being able to predict geology and geochemistry in previously inaccessible places.”
SensOre (ASX:S3N) employs advanced technologies that integrate geophysics and recognition software to extract relevant information. Taylor describes the approach as, “A big data sponge — we pick up geology, geophysics, geochemistry. We’ve got software and algorithms that crawl and extract that information wherever we’re operating.”
The company recently secured Barton Gold (ASX:BGD) as a new client in Southern Australia, expanding its collaborative efforts towards addressing mineral demand. Taylor notes that it’s more than a domestic effort, stating, “There’s a lot of excitement and buzz about AI as a solution to the metal deficit, not only for Australia, but for countries throughout the world on the Information and Communication Technology (ICT) Development Index.”
He goes on to state, “We’re looking at a permanent presence in North America, and you can look forward to hearing good things about that in the future.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.