It seems that there is now a trend by explorers to use AI as a...

It seems that there is now a trend by explorers to use AI as a useful way to get a start.....

Which ASX explorers are using AI?

Fleet Space recently invested in New South Wales explorer Legacy Minerals Holdings (ASX:LGM). Legacy managing director Christopher Byrne told investors last month the company engaged Fleet Space to deploy ambient noise tomography imaging after seeing the work it was doing with fellow NSW explorers Kincora Copper and Inflection Resources. “We’re excited to see, not only the deployment of the ANT and the gravity, which will give us a very, very rich, comprehensive data set, but then at the back end we also get access to their AI systems in terms of bringing that together,” he said.
“That will help present some drill targets for us and inform our exploration team’s testing approach.

Fleet Space has also invested in Astute Metals (ASX:ASE) and is collaborating with the company at the Georgina iron oxide-copper-gold project in the Northern Territory. In the US, Eagle Mountain Mining (ASX:EM2) used Fleet Space’s ExoSphere technology to define copper porphyry targets under cover at its Silver Mountain project.

South Australian copper plays Hillgrove Resources (ASX:HGO), Coda Minerals (ASX:COD) and Thor Energy (ASX:THR) have also deployed ExoSphere.

Meanwhile, another unlisted start-up, Earth AI, is working with Kincora Copper (ASX:KCC) and Legacy in NSW, and Tivan (ASX:TVN) at Sandover in the NT. Earth AI’s work at Legacy’s Fontenoy project led to a PGE discovery in February 2024.

*****Iceni Gold (ASX:ICL) announced in August that AI work by SensOre had defined 40 new gold targets at the 14 Mile Well project in WA. The project has since attracted Gold Road Resources (ASX:GOR) as a farm-in partner.

!!! Human intelligence still required. Howard said AI wouldn’t replace geologists and was only as good as the data that it used. “I think it’s good, but I think it’s a case of buyer beware,” he said.

“It’s that age-old phrase, rubbish in, rubbish out, so if the data that goes into it in the first place is crap, you’re probably not going to get the best target out of it.” Byrne agreed that there would still be a place for traditional exploration but it was about collaboration.

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