SensOre’s AI analytics will be utilised to target lithium mineralisation at Yalgoo-Dalgaranga. Pic via Getty Images
SensOre’s predictive data analytics to pinpoint lithium mineralisation at Firetail Resources’ Yalgoo project
Mining
share
- Firetail and JV partner SensOre have identified LCT mineralisation at Yalgoo-Dalgaranga
- SensOre has completed a farm-in agreement to earn up to 80% of the project by spending $3.5m + addons
- Drilling commenced at the Picha copper project in Peru
Special Report: Firetail Resources has discovered lithium-caesium-tantalum (LCT) mineralisation at its Yalgoo-Dalgaranga project in WA using JV partner SensOre’s AI and machine learning tech.
Yalgoo-Dalgaranga is comprised of 14 concessions across a substantial 1,750km2 near Geraldton in the Mid West and has an identified 25km Goldilocks zone within its tenure and is surrounded by several gold and lithium operations.
Significant exploration over the last year confirmed high-grade rubidium – used in scientific research – with hits including 10m @ 0.44% Rb from 10m, and lithium grades of up to 0.83%.
Rock chip sampling and detailed mapping also returned results of up to 0.54% Li2O, >1% Rb, 707ppm Cs and 1666ppm Ta.
SensOre tech and lithium rights
The SensOre AI and machine learning Discriminant Predictive Targeting (DPT) workflow tech collects all the geological data of a terrane and places it within a multidimensional ‘hypercube’ that uses predictive analytics to generate targets for further discovery.
Under the terms of the two-stage farm-in agreement, SensOre, through its subsidiary EXAI, may earn up to 51% by sole funding $1.5m of exploration and provide FTL with its AI tech workflows.
EXAI may then earn another 29% interest in the lithium rights at Yalgoo-Dalgaranga by spending a further $2m. SensOre’s DPT tech will be used across the farm-in tenements.
FTL exec chair Brett Grosvenor says the approach and subsequent deal with SensOre, validates the company’s understanding of the region and the potential for a lithium discovery in the region.
“The agreement with SensOre enables the FTL team to continue to concentrate efforts on the current targets identified, whilst simultaneously unlocking the potential of the other tenements in the region.
“This is a great outcome for FTL shareholders and we look forward to working with the SensOre team in the coming months.”
Elsewhere
A 10-hole, 5,000m drill program has commenced at FTL’s Picha copper project in Peru, where it has approvals and permits for further drilling up to 120 holes, up to 40 drill platforms with three holes planned per platform.
The projects are nestled in the same mineralised corridor and only 17km away from Buenaventura’s 7.6Moz Au San Gabriel gold-copper project which is pegged to be in production by 2025.
Back in August, FTL inked a farm-in deal with Valor Resources (ASX:VAL) for up to 80% in the Picha and neighbouring Charaque copper projects and is already hitting the ground running with exploration after channel sampling at surface returned 41.6m @ 1.12% Cu.
This article was developed in collaboration with Firetail Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
