SensOre’s AI-enhanced technology is designed to accurately predict known endowment and generate targets for testing.

To leverage its targeting knowledge, SensOre takes a ‘portfolio approach’ to its exploration activities, acquiring AI-targets on open and third-party ground and, where necessary, introducing third-party financing to fund exploration and project development, while maintaining equity and royalty positions in attractive exploration packages.

As the predictive capacity of SensOre’s AI-technology expands to new terranes and a broader range of commodities, we anticipate that new AI-targets will be identified and acquired in Australia and internationally.

Data gathered from SensOre’s conventional exploration activities is fed back to SensOre’s Technology division to further enhance the predictive capacity of our technology. The information gathered by the Group’s exploration team is a valuable feedback loop into SensOre’s technology, allowing the system to ‘learn’ from the additional data gathered and improve its predictive capabilities.

Leonora

The Desdemona North project is located on the contact between the Leonora Domain and the Gindalbie Domain of the Kurnalpi Terrane, separated by the Mount George shear zone and/or Ockerburry Fault. The Leonora greenstone belt contains the St Barbara Leonora Gold Operations. Mining commenced in 1897 and to date more than 6.0Moz has been produced with additional resources at the Gwalia mine of 5.2Moz at 5.2g/t Au (June 2021). SensOre has an interest in a number of additional projects in the Leonora area including Christmas Well and 8 Mile Well in a tenement group to the north of Leonora between Gwalia and Red 5 Limited’s King of the Hills operations.

Previous exploration by Sons of Gwalia and Kin Mining in the Desdemona North area highlighted a number of gold anomalous northwest to southeast trending corridors at Gwalia South close to the Mount George shear zone and at Paradise North, 2km to the east, closer to the sedimentary sequence and the Melita complex.

RC and diamond drilling completed by YEV at Desdemona North in 2020, part funded under a successful EIS program, was followed up with deep diamond drilling in June 2021.

Proposed next steps at Desdemona North are to follow-up with drilling campaigns based on testing the interpreted mineralised corridors within the older Leonora domain using the Gwalia deposit as the exploration target model.

MURCHISON

The Mt Magnet project is a newly discovered, intrusion-related gold system over 2.5km with gold mineralisation +0.5g/t over a strike of 1.2km. Multielement geochemical results returned to date have elevated bismuth, tellurium and molybdenum, confirming the intrusive-related style of the mineralising system. Reverse circulation drilling completed in 2020 returned elevated grade, steeply dipping primary mineralisation 100m below previous mineralised intercepts. The best intercept of 14m@1.55g/t Au was from 122m in 21MNRC020 including 4m@3.41g/t Au from 122m and 6m@1.33g/t Au from 130m.

The Boodanoo project, also located in the Murchison region, contains an early stage, highly ranked AI-target located on a major structure in an area previously unrecognised for its gold potential.

YANDAL

The North Darlot JV Project is located on the south-eastern side of the Yandal Greenstone belt in the Kurnalpi Terrane of the Yilgarn Craton. The project area is entirely covered by clay and sand of Darlot Lake sediments in the south and by silt, sand and gravel from sheetwash deposits in the north. The geology was interpreted from aeromagnetic imagery and shallow RAB/air core exploration drilling intersecting only a few metres of Archaean bedrock.

Drill test targeting on the North Darlot JV advanced in 2020 with the completion of the infill gravity survey followed by 10 widely spaced RC and two diamond drill holes. 2020 drilling returned geology and geochemistry on two parallel trends indicating proximity to an Archaean gold system. An air core and RC program was completed in Q2 CY22. Results from the 2022 program highlight the project’s potential to host mineralisation over a 5km strike length that remains untested by drilling.

MADURA

SensOre is well positioned to benefit from two global trends that are reshaping the mining technology sector.

The first is the global energy transition which is driving the need to decarbonise the mining sector, while at the same time increasing demand for battery minerals to support renewable energy. The second is geopolitical tensions generating new interest in securing critical minerals supply chains.

As with precious metals, SensOre will seek to identify economic battery mineral targets identified by its technology for acquisition as part of its own exploration portfolio, for clients and for partners.

MOONERA

Located 40km north of the Eyre Highway between Cocklebiddy and Madura on the Nullarbor Plain of Western Australia, the Moonera prospect is a large (7x5km), dense and magnetic body. The DPT system confirmed previous interpretations of gravity and magnetic surveys and has predicted a concealed target. Models for a zoned and potentially mineralised intrusive body include a carbonatite with characteristics similar to Phalaborwa (South Africa), Elk Creek (Nebraska), and Mount Weld (Western Australia).

A comprehensive acquisition program of high-definition gravity and magnetic geophysical surveys was completed across the Moonera prospect in May and June 2021 with the objective of defining the best drill locations to test the main part of the intrusive body.

AURALIA

Limited historical exploration drilling below the Eucla Basin in this area intersected ultramafic to mafic intrusive rocks associated with a large 80km strike length magnetic anomaly. SensOre plans geophysics and drilling programs over the coming 12 months.