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Sensore & BHP Targeting Technology Initiative

Mining News - Published on Tue, 22 Sep 2020

Image Source: Sensore BHP
SensOre Ltd has welcomed a wholly-owned subsidiary of BHP as a client for its Data Cube and Discriminant Predictive Targeting technology. SensOre and BHP reached agreement on a Letter of Intent in May 2020 and confirmed this in a Joint-Targeting Agreement on 18 September 2020. The JTA envisages a phased process training the DPT technology on commodity specific deposit types and applying the knowledge gained to a pre-determined search space. SensOre stands to benefit through fees for the targeting exercise and potential success-based payments on certain discoveries resulting from the technology.

SensOre aims to become the top performing minerals targeting company in the world through the deployment of Al and machine learning technologies, specifically its Discriminant Predictive Targeting® workflow. SensOre collects all available geological information in a terrane and places it in a multi-dimensional hypercube or Data Cube. SensOre's big data approach allows DPT* predictive analytics to accurately predict known endowment and generate targets for further discovery.

SensOre has a 60% interest in Yilgarn Exploration Ventures Pty Ltd (YEV) which holds more than 600km2 in the Yilgarn Craton, Western Australia. DGO Gold Limited holds a 40% equity interest in YEV as announced on 16 July 2020. The tenements were identified using a 'Data-Cube' containing over 1,800 data layers and +14 billion discrete data points. YEV is well funded to drill these anomalies in 2020. The holdings include the North Darlot Joint Venture near Red Mining's Darlot exploration area and the Desdemona North Earn-in with Kin Mining NL which was announced on 20 December 2019. YEV may earn 75% in Desdemona North by funding $3.5 million in expenditure.

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Posted By : Yogender Pancholi on Tue, 22 Sep 2020
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