SensOre Ltd (ASX:S3N) has teamed up with Unico, a dedicated arm of global IT and business consulting firm CGI, to further commercialise SensOre’s mining exploration technology platform.
The project is an opportunity to expand SensOre’s current client services to a cloud-based software as a service (SaaS) product.
Together, the ASX-lister and Unico will use SensOre’s AI-driven technology to create a digital twin of the Earth’s surface, enhancing the way exploration companies identify and analyse mineral exploration targets.
Shares higher
The news has seen the company's share price increase as much as 8.75% in the first half-hour of trade to a new record high of A$0.87.
SensOre’s new partnership is the latest in a string of collaborations this week that will prove up the company’s exploration profile.
On Monday, the artificial intelligence (AI) and machine learning technology company teamed up with a German natural resources firm to target, explore and acquire lithium prospects in WA.
SensOre also announced it’s working with South Australia’s premier gold explorer on the hunt for precious and base metal mineralisation.
Empowering targeted exploration
Speaking to the partnership, SensOre CEO Richard Taylor said the company’s expertise lay in creating and deploying technology and software that generates exploration targets using AI.
“While we have previously focused on Western Australia, a key objective of the Unico partnership is to enhance the pace of our data expansion across the globe,” he explained.
“This project is a massive opportunity to use our technology to build a model that we believe will be in demand from mining exploration companies around the world.
“We are excited about the prospect of a global relationship with CGI to help expand our technology offerings into new markets.”
In a market announcement today, SensOre said the contract marked an important step in its technology development roadmap.
The company’s existing, proprietary, AI-enhanced technology is designed to advance the way companies integrate, interrogate and analyse geoscience data and increase the potential for mineral discovery.
SensOre hopes that developing and deploying its platform will open the door to scale its products, thereby expanding its capacity to service mineral exploration companies in Australia and overseas while reducing the company’s unit cost per engagement.
About Unico and CGI
Unico is an established Australian technology services business that was recently acquired by CGI, one of the largest technology consulting businesses in the world with more than 80,000 staff.
CGI has a long history of offering products and services to the oil, gas and mining sectors. Their team will help develop SensOre's technology roadmap and growth plan, including expediting plans to expand into North America and other key mining markets.
Unico’s director of Innovation Evan Harridge said: “Imagine being able to analyse an MRI scan of the Earth: SensOre’s AI-driven analysis tools will be able to see what is underground in great detail, similar to how medical imaging technology can accurately see inside the human body.
“This technology would enable exploration to be more targeted and limit the overall environmental impact.”