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- Strategic MoU signed with AI exploration technology company Eigenform NextMaps
- Partnership supports delivery of company’s April 2026 strategy reset
- Advanced artificial intelligence technology to enhance geological interpretation
- Initial deployment across Lightning’s WA gold projects
Lightning Minerals (ASX:L1M) will target its Western Australian gold projects with input from advanced artificial intelligence (AI) exploration specialist Eigenform NextMaps.
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The two companies have established a strategic collaboration to evaluate the application of advanced AI, geological data analytics and digital exploration technologies across the company’s Australian exploration portfolio.
The initiative is intended to enhance exploration planning, improve drill targeting and support more efficient capital allocation as the company advances its strategic reset.
MD, Troy Brice, said the MoU reinforces the company’s commitment to disciplined capital allocation, technical excellence and the adoption of technologies that have the potential to improve exploration outcomes across its Australian portfolio.
“When we announced our strategy reset in April, we made a commitment to build a more focused exploration company and to be disciplined in how we invest our capital. Today’s announcement demonstrates that we are executing that strategy,” Mr Brice said.
“Exploration success is increasingly determined not only by the quality of the ground you hold, but by how effectively you can interrogate geological data, prioritise opportunities and deploy exploration capital.
Eigenform NextMaps has developed an innovative artificial intelligence platform that has the potential to significantly enhance how company’s evaluate historical geological information, generate exploration targets and optimise drilling programs.
“Importantly, this collaboration is not about replacing geological expertise – it is about enhancing it. By combining advanced AI-assisted geological analytics with Lightning’s experienced exploration team, we believe we can make better-informed decisions, reduce exploration uncertainty and accelerate the pathway toward defining a maiden mineral resource at Mt Turner and Tungsten definition at the Warby project,” Mr Brice said.
“If this technology helps us make better decisions, use our exploration budget more effectively and progress our priority projects more efficiently, then it will have done exactly what we want it to do.”
Eigenform NextMaps co-founder, Owen Hackenburg, said the collaboration will initially focus on selected Western Australian gold projects before expanding to Lightning’s broader Australian portfolio, including the company’s flagship Mt Turner gold project and tungsten at the Warby project in North Queensland.
“We are excited to collaborate with the Lightning team and demonstrate how AI-assisted geological workflows can unlock additional value from historical datasets, improve exploration planning and accelerate the pathway to new discoveries,” Mr Hackenburg said.
L1M was steady at 1.5¢ with a Mkt cap of $4.159M.
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