SensOre (ASX:S3N) aims to become the top performing global minerals targeting company through deployment of big data, artificial intelligence (AI)/machine learning technologies and geoscience expertise. SensOre’s AI technology is designed to enhance the pace, reliability, efficiency and success of its own exploration programs as well as the exploration activities of its clients. AI-targets are leveraged through SensOre’s three business divisions: Technology, Services & Exploration. SensOre listed on the ASX in February 2022.
Client engagement milestones reached:
− South Australia prospectivity mapping advanced towards completion (clients: Barton Gold, Hillgrove Resources, Argonaut Resources and Aroha Ltd)
− Barton Gold commissioned for gold and copper DPT® in South Australia
− Deutsche Rohstoff AG joint-venture for lithium exploration
− BHP third and final iteration of nickel joint targeting agreement delivered
Cash: AUD$6.8M (31 March 2022)
Sasak Minerals Pty Ltd – 15.62%
Wanganui Pty Ltd – 9.65%
Oppenheimer S/F Pty Ltd – 8.72%
Stone Axe Pty Ltd – 6.35%
Parcan Pty Ltd – 4.12%
Richard Taylor – CEO & Executive Director
Richard has held senior executive roles in the resource sector for more than 15 years. Prior to SensOre, he was CEO of ASX-listed Terramin Australia Ltd and held senior roles with Mineral Deposits Limited, PanAust, MMG Ltd and Oxiana Ltd specialising in business development, strategy and governance. Richard is a qualified lawyer. He holds an MBA from the University of Cambridge and a Master degree in Law from ANU.
11 April 2022 – SensOre Commences Drilling at North Darlot Gold Target
North Darlot is a large, under-explored tenement situated in a fertile corridor, with Red 5’s Darlot-Centenary Gold Mine to the south and Northern Star’s Bronzewing and Jundee gold operations to the north. Historical drilling at North Darlot identified several areas of gold mineralisation up to 18m at 1.9g/t Au from 40m to 58m end of hole. SensOre’s Discriminant Predictive Targeting® (DPT®) technology generated targets on the eastern margin and
on the project’s western side.
21 March 2022 – SensOre and Deutsche Rohstoff Agree Lithium Exploration Terms
Terms agreed with Deutsche Rohstoff AG on the identification, acquisition and exploration of SensOre generated lithium targets in Western Australia (JLE Venture). SensOre stands to benefit from Deutsche Rohstoff as a partner through agreed targeting, acquisition and geological consulting fees for a minimum of eight accepted lithium targets, worth $125,000 per target for a total of $1 million.
21 March 2022 – SensOre Secures Barton Gold as New Client in South Australia
Terms sheet signed with Barton Gold Holdings Limited (ASX: BGD) (Barton Gold) to adapt and refine SensOre’s cutting edge AI and machine learning DPT® technology to a portion of the Gawler Craton in South Australia surrounding Barton Gold’s assets. The companies will focus on the targeting of gold and copper mineralisation. The agreement is worth up to $400,000 in co-funding to add data to the Company’s South Australian data cube in the area
surrounding Barton Gold’s tenements, with SensOre and Barton Gold operating in exclusive partnership on DPT® targets generated in that area.
Since incorporation in late 2019, SensOre has:
• grown its gold exploration portfolio in the Yilgarn Craton;
• expanded into battery and critical minerals, farming-in to the Moonera project in early 2021 and recently negotiating an interest in the Auralia project with a subsidiary of Chalice Mining Limited;
• validated its technology with an AI-led mineral discovery at Mt Magnet in Western Australia;
• invested heavily in research and development activities to expand target generation and validation for use by the SensOre Group and for use by SensOre’s growing client base;
• enhanced its Exploration Services through the ongoing development of its geoscience Data Cube; and
• strengthened staffing in the Company’s east and west coast teams.