SensOre (ASX:S3N) has completed its data-sharing agreement with Stelar Metals (ASX:SLB), which identified new lithium prospectivity within the Trident Lithium Project in New South Wales.
The research discovered new areas of ‘high’ lithium-caesium-tantalum (LCT) prospectivity along a NNW-SSE trend.
SensOre, which has a market capitalisation of $13.24 million, says LCT potential was identified in the central and northern project areas alongside new opportunities around the source granite/granite-gneiss complex in the south.
The collaboration looked at deploying artificial intelligence and machine learning (AI/ML) applications on surface geochemistry and high-resolution geophysical techniques in support of lithium exploration.
Commenting on the activities conducted with Stelar, SensOre Chief Executive Officer (CEO) Richard Taylor says the company is pleased with the initial results, and there are many new possibilities opening up for Stelar Metals.
“The Stelar project represents the first targeting exercise deploying the recently completed New South Wales data cube, combining geoscience data across geophysics, geochemistry, drilling, and geological data layers with spectacular preliminary results.”
“The Stelar project represents the first targeting exercise deploying the recently completed New South Wales data cube”
SensOre received $318,000 from the New South Wales Government Critical Minerals Activation Fund to support the data cube build.
The Trident project is considered ‘highly prospective’ for hard-rock lithium mineralisation and lies near Broken Hill in New South Wales, Australia.
SensOre is a Melbourne-based company focused on its precious and battery metal assets in ‘advanced’ and emerging exploration regions of Australia. As of 30 June 2023, the company had $1.88 million cash at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: SensOre
