SensOre releases technology and exploration update ahead of the new year – Proactive Investors UK

Currently, the minerals targeting company is looking to attract direct investment for its portfolio of lithium and nickel targets.

SensOre Ltd has provided a technology and exploration update ahead of the new year.

Currently, the minerals targeting company, which intends to list on the ASX next quarter, is looking to attract direct investment for its portfolio of lithium and nickel targets.

In other news, the company is on the hunt for new gold targets in WA with a series of exploration partners.

Looking at the big picture, SensOre has also passed the 20,000-metre drilling milestone on its wholly-owned and joint venture projects.

SensOres data mining for lithium prospectivity in WA has opened up new pegmatite opportunities.

To date, promising results from SensOres first lithium prospectivity runs have attracted international interest in funding expanded regional search opportunities.

SensOre chief operating officer Robbie Rowe said: These first predicted lithium targets are now possible due to SensOres continued investment in a massive geochemical data cleaning program combined with geology transformation and WA state-wide geophysical compilation programs.

SensOres Discriminant Predictive Targeting (DPT) technology for nickel has generated previously unidentified nickel potential on open ground.

Fast on the heels of delivering the Yilgarn nickel targets to BHP, the company has honed in on new opportunities in the Albany-Fraser and other parts of WA.

Combined with the Auralia Project in which SensOre holdsina 70% joint venture with a Chalice Mining Ltd (ASX:CHN, OTCQB:CGMLF) subsidiary these new, top-ranking nickel target applications on open tenure extend the known nickel search space in WA.

The company is now analysing high-ranking nickel targets on third-party tenure that could form acquisition targets in early 2022. Initial applications are now in place, with more to follow.

SensOre has also commenced partnering discussions to fund exploration on its 100%-owned targets.

In the meantime, SensOre and DGO Gold Ltd (ASX:DGO) have expanded their gold exploration activities.

This includes adding new targets to the Yilgarn Exploration Ventures joint venture and jointly approaching third parties to acquire new acreage in the WA Goldfields.

The next stage of the joint venture builds on the exploration activities conducted in the last two years over multiple projects.

SensOres collaboration with Great Boulder Resources Ltd (ASX:GBR) has opened up potential on eastern portions of the Tea Well Project, trending south from Mulga Bill.

SensOres subsidiary, Yilgarn Exploration Ventures, completed an extension of a gravity geophysical survey over the Tea Well project in collaboration with GBR.

The survey has extended coverage of the eastern flank of the Polelle syncline sequence east of the Meekatharra mining camp and south of the Mulga Bill prospect.

Promisingly, results have identified a series of previously untested gravity low features on the Tea Well Project tenure under shallow transported cover, indicating lower density lithologies within the basement mafic volcanic north-south trending sequence.

SensOre is also advancing discussions with several top-tier Australian technology companies about developing a proprietary Data Cube platform to service current and future mining sector clients.

Finally, SensOre has exercised its option in relation to the Moonera prospect.

Following infill geophysical programs in mid-2021, drilling is now planned in early 2022 to test a large, 7-kilometre geophysical feature, which is interpreted as a carbonatite-intrusive centre prospective for rare earth elements and copper.

Phase one drilling at Moonera is eligible for co-funding under the WA Government EIS program after a successful application was awarded in 2021.

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SensOre releases technology and exploration update ahead of the new year - Proactive Investors UK

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