Mining startups like Earth AI are leveraging artificial intelligence to identify critical mineral deposits previously overlooked in Australia. This innovative approach, articulated by CEO Roman Teslyuk, emphasizes the importance of technology over geography in mining. With the capability to analyze extensive historical data submitted by exploration companies, Earth AI aims to improve prediction accuracy regarding mineral locations. Despite initial investor hesitancy, the potential for more efficient and successful mineral discoveries could revolutionize the industry.
Earth AI has identified deposits of copper, cobalt, and gold in the Northern Territory and silver, molybdenum, and tin at another in New South Wales.
Roman Teslyuk, founder and CEO of Earth AI, stated that the true frontier in mining is technological rather than geographical.
Teslyuk believes that by utilizing historical data, algorithms can make more accurate predictions about future mineral deposits.
Mining is a very conservative industry, making it difficult for innovative technologies to gain traction among potential investors.
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