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- Artificial intelligence (AI)-focused exploration begins at Legacy Minerals’ (LGM) Fontenoy project in New South Wales
- The company’s alliance partner, Earth AI has deployed its AI technology to search for critical and battery metals
- Given the large amount of historical data available, LGM says Earth AI has a base of information to input into its AI and machine learning software to deliver drill targets
- Drill targets generated from this round of work will be followed up with on-ground geophysical and geochemical work before drill testing
- Legacy shares are trading grey at 19.5 cents at 2:28 pm AEDT
Artificial intelligence (AI)-focused exploration has begun at Legacy Minerals’ (LGM) Fontenoy project in New South Wales.
The company’s alliance partner, Earth AI has deployed its AI technology to search for critical and battery metals, including copper-nickel-cobalt-platinum and gold across the Fontenoy project.
Historical data has revealed widespread disseminated and veined copper-gold mineralisation from surface and delineated a mineralised strike of at least eight kilometres.
Now, a renewed investigation of historical nickel-cobalt results and potential for associated platinum group element mineralisation is underway, in association with known chromium, copper and nickel occurrences.
The company said there is a large amount of historical data providing Earth AI a base of information to input into the AI and machine learning software to generate compelling drill targets.
Legacy Managing Director Christopher Byrne said it is “very exciting” to be part of a small group of companies using the power of AI to assess and target prospective areas for drilling.
“Our Exploration Alliance with Earth AI puts Legacy Minerals at the forefront of the exploration industry in utilising artificial intelligence and machine learning to increase discovery opportunities,” Mr Byrne said.
“Earth AI’s vertically integrated approach and ownership of diamond drill rigs sets Earth AI apart from other AI explorers and gives them the capacity to drill test newly defined targets in quick succession.”
Once drill targets are generated from this round of work, Earth AI plans to follow up with on-ground geophysical and geochemical work, before drill testing.
The joint venture agreement between Legacy and Earth AI is ‘success based’ with Earth AI to earn up to a three per cent royalty over the area if a significant drilling discovery is made.
Subject to work conducted by Legacy, Earth AI has the option to purchase tenements from LGM for US$1 million (roughly A$1.5 million) and a two per cent royalty to LGM.
Legacy shares were trading grey at 19.5 cents at 2:28 pm AEDT.
