Vancouver-based Inflection Resources (CSE: AUCU; US-OTC: AUCUF) and Fleet Space are collaborating to use space technology and artificial intelligence to accelerate the discovery of large-scale copper-gold deposits in Australia’s Macquarie Arc.
The initiative leverages the real-time ambient noise tomography (ANT) survey capabilities of Fleet Space’s mineral exploration technology on a large-scale geophysical survey in New South Wales. Inflection and Fleet Space have begun the 1,800-sq.-km survey on Inflection’s portfolio of projects in the state, which they said is the world’s largest ANT copper survey.
AngloGold Ashanti (NYSE: AU) has agreed to fund A$6 million in exploration and has the option to earn up to 75% of up to five copper projects in the portfolio. Inflection remains the project operator.
Fleet Space Technologies, developer and operator of microsatellites that enable its end-to-end mineral exploration solution, ExoSphere, was named Australia’s fastest growing company last year by the Financial Review.
Inflection Resources said it has identified several new priority targets under a thick sequence of sedimentary cover masking the underlying, older prospective geology at their Duck Creek project in New South Wales.
The aim of the survey, Inflection said, is to collect large-scale, 3-D subsurface data to identify potential cross-arc structures which are known to vector fluid flow and often influence the emplacement of large-scale intrusive bodies and mineral systems.
The outputs of the survey will be incorporated into Inflection’s evolving interpretation of the Macquarie Arc under a blanket of post-mineral cover with the goal of prioritizing the existing drill targets and identifying new ones.
“The end-to-end capabilities of ExoSphere and the 3-D subsurface insights it unlocked at our Duck Creek project, has helped Inflection rapidly identify several new high-priority drill targets and has demonstrated that the ExoSphere system can accelerate the data-driven exploration of our projects,” Inflection CEO Alistair Waddell said in a news release.
Waddell also said ExoSphere will be deployed on a large scale across Inflection’s projects in the Macquarie Arc and will leverage Fleet Space’s AI-powered prospectivity insights to aid exploration across the porphyry copper-gold province.
“Without a major acceleration in copper discoveries, humanity’s transition to renewable energy and building the infrastructure necessary for the global AI industry are unachievable,” Fleet Space CEO Flavia Tata Nardini said.
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