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SensOre CEO Richard Taylor: Artificial Intelligence Advancing Mineral Exploration
SensOre CEO Richard Taylor stated, “Data is going to change exploration — artificial intelligence is the way of the future.”
SensOre CEO Richard Taylor: Artificial Intelligence Advancing Mineral Explorationyoutu.be
SensOre (ASX:S3N) CEO Richard Taylor participated in the development of a disruptive mining technology that combines artificial intelligence (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 noted, “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.”
He mentioned, “One of the biggest things we're doing is taking the advantages of AI 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 employs advanced technologies that integrate geophysics and recognition software to extract relevant information. Describing the approach, Taylor said, “(It's) 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. But Taylor said 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 Development Index.”
He went 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.”
Watch the full interview of SensOre CEO Richard Taylor above.
Disclaimer: This interview is sponsored by SensOre (ASX:S3N). This interview provides information that was sourced by the Investing News Network (INN) and approved by SensOre in order to help investors learn more about the company. SensOre is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with SensOre and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.