SensOre believes that its AI-enhanced approach to exploration is an integral part of sustainable mining of the future. We seek to contribute to the sustainability of exploration in three key ways:
Targeting new economy minerals
TARGETING NEW ECONOMY MINERALS
Demand for energy transition battery minerals, particularly copper, nickel, cobalt and lithium is expected to grow strongly as economies move toward net zero goals by 2050. Ensuring security of supply of battery and critical minerals, particularly in politically stable countries and mature exploration environments, is a vital component of the achievement of carbon neutral development targets and the associated delivery of ‘green economy’ and ‘new economy’ technologies, such as batteries, solar cells and wind turbines.
To strengthen supply, discovery needs to keep pace with demand. SensOre’s Data Cube and DPT technology are based on the simple premise that better use of data will lead to better targets and more of them. SensOre’s technology can be trained to search for these in-demand resources, generating new targets based on the best information available in overlooked areas of well explored locations as well as efficiently generating targets in new terranes and new commodities.
The mining of lower-grade ore and ore bodies with higher penalty elements across the sector increases the environmental impact of extraction and production, leading to larger waste and higher energy and water demands per tonne of metal extracted and processed. Such trends speak to the requirement for technological innovations designed to enhance discovery success rates and extraction performance.
Additionally, in major mining areas, the mining industry is experiencing a transition from shallower to deeper deposits as near surface potential has been exploited, resulting in a greater prevalence of both brownfield and greenfield exploration which is more likely to occur at depth. These deposits typically have more complex geology and can be challenging to target by conventional means. Combined, these factors generate an increased demand for targeting and decision support platforms designed to locate deposits under cover and determine whether located deposits can be economically mined.
Based on industry CO² emission data, due to the methodical scale reduction process established by conventional exploration techniques, each discovery comes at the cost of testing around 250 targets, which can generate between 14,000 and 29,000 tonnes of CO² per discovery. Additionally, each drilling location results in land disturbance which can have a cumulative impact on environmental, social and heritage areas. Through better use of geoscience data and improved drill target locations, SensOre’s innovations have the potential to reduce the carbon and environmental footprint of exploration, with desktop analysis undertaken by SensOre indicating the potential to see a 90% fall in CO² emissions per discovery. SensOre will test its emissions and ecosystem disturbance estimates through analysis of its own Exploration programs.
SensOre is committed to ensuring the conduct of its business, including its exploration activities, is to a high standard of sustainability. We are committed to zero harm health and safety performance, strong stakeholder engagement and reporting, lowest impact exploration campaigns and phase appropriate rehabilitation programs.