Kincora Copper’s (ASX:KCC) exploration alliance partner Earth AI has started reconnaissance field work at the Cundumbul project in NSW, Australia ahead of planned drilling.
The success based framework for Cundumbul leverages Earth AI’s vertically integrated, proprietary artificial intelligence and machine learning capacity to generate, fund and drill test targets.
Only upon drilling a new discovery does Earth AI earn a royalty – otherwise there is no cost incurred by Kincora for the Cundumbul project.
The project is 30km south of Alkane’s Northern Molong Porphyry project (~14.8Moz AuEq resource at Boda & Kaiser) and 70km north of Newcores’s Cadia (>90Moz AuEq endowment) on the Macquarie Arc. A neighbour of note is Newmont, which holds the adjacent western and southern ground.
“As Kincora focuses on drill testing our existing 13 copper-gold discovery opportunities within our NSW project pipeline it is pleasing to see Earth AI in the field at the Cundumbul project,” President and CEO, Sam Spring, said.
“Earth AI has applied its proprietary cloud based AI and machine learning technology to generate targets which are now being field checked by their senior geological team.
This reconnaissance work program will assist confirm and refine target assessment ahead of a planned drilling programme utilising their in-house diamond drill rig that is based in Young, NSW.
“We are keen to see these targets advance and benefit from Earth AI’s proprietary exploration approach which seeks to improve the success rate and lead time to make the discovery of new deposits needed to support the electric vehicle and renewable energy revolutions.”
About Earth AI
Earth AI is a San Francisco (USA) headquartered Artificial Intelligence (AI) company that has a vertically integrated metals exploration approach to targeting, testing and verifying discoveries that are required for the electric vehicle and renewable energy revolutions.
Earth AI has an in-house geological team, proprietary mineral exploration AI predictive technology, supported by boots on the ground field assessment approach and an in-house drilling department.
Earth AI seeks to efficiently reduce the lead-time and cost to discovery, with drilling utilizing its Mobile Low Disturbance (MLD) diamond rig and associated proprietary equipment. Earth AI’s NSW field base is located in Young.
For further information please visit: https://kincoracopper.com/
