Turbocharging exploration to build the electric future

We scale mineral exploration. With the industry’s most precise mineral detection technology, fundamental geology, and responsible drilling, Earth AI can move from detecting a prospect to drill-testing in just three to six months.

We built the Mineral Discovery Engine, a system of key processes and technologies that bring precision, efficiency, and scalability to critical minerals exploration. Our Mineral Discovery Engine is comprised of:

Mineral Targeting Platform

Our prediction tools are the most accurate in the industry, improving in-field success rates from 1 in 200 to 1 in 8. By studying multiple datasets and learning to identify mineralization, our AI replicates and scales the mind of a geoscientist. Our models train on 400 million geological cases from the entire continent, creating new knowledge and formulating conclusions. This experience, achieved through extensive training, allows us to deliver repeatable, high-quality predictions.

Fundamental Geology

In order to understand the origin of mineralization, we apply a generalist approach to studying and understanding the geology of the area. With every project, data leads the way. We apply a unique set of field and laboratory methods that help us decode the mineral system, form hypotheses, and test with drilling. This approach leads to the detection of brand-new prospects.

Responsible Drilling

We’ve developed the first modular drilling system for self-sufficient mineral exploration in remote desert environments. From drilling hardware and fluid treatment systems to crew housing, we’ve meticulously optimized every step in the process while minimizing environmental impact.

How It works
01

First, our Mineral Targeting Platform predicts areas with mineral enrichment.

02

Next, our field team samples the sites to confirm or deny the presence of mineralization.

03

We conduct generalist geological research to understand the mineral system and plan drilling.

04

Each drillhole is testing a hypothesis, with learnings applied to refine future hypotheses.

05

Our alliance partners take the deposit through feasibility and into production.

06

Our success criteria is a drill sample of economic grade ore, which grants us a perpetual royalty from the mine’s revenue.

What Happens After Discovery?

Mineral Exploration has 3 stages

Exploration stages

Discovery

Finding a new mineral deposit that has equal or greater parameters than known mines.

Results are delivered in this format XX.XXm @ XX.XX% Me from XX.XXm

Where XX.XXm is the length of drill intersection in metres, XX.XX% is the average metal concentration, Me is metal symbol, and from XX.XXm indicated the distance from surface where the intersection starts. Example 10m @ 2% Cu from 100m. This means that drilling intercepted 10 metres at an average grade of 2% copper at a distance of 100m from surface down the drill hole.

Two important notes: First, the drill hole can be drilled at 45-90 degree angle from surface, thus to know the actual depth of mineralisation, we need to know the angle. Second, the orientation of the mineral deposit in relation to the drillhole matters a lot, the best data is obtained by drilling perpendicular to the ore once its orientation is determined, This is used to calculate the “true width” of the intersection, as compared to apparent width.

Feasibility

Feasibility study to confirm the financial viability of mining this mineral deposit.

Stages of Feasibility

  1. Resource Estimation/Scoping - determine the size and richness of the deposit, check for obvious red flags
  2. Pre Feasibility Study (PFS) - full-scale study of the mining potential, after which you will be able to say with good level confidence whether the project is mineable.
  3. Definitive Feasibility Study (DFS) - detailed level study after which the Final Investment Decision to build the mine is made.
    1. Mineral Resource results are delivered in this format XX.XX Mt @ Me XX.XX%. Where XX.XX Mt is the total amount of ore expressed in million tonnes, XX.XX% is the average metal concentration, and Me is metal symbol.

      Upon completion of the Feasibility Study, and after denser drilling, a Mineral Reserve is defined, which is a part of a mineral resource that can be mined at profit at present conditions.

      Feasibility Study results highlight NPV, IRR, Opex per tonne of ore mined, mine Life, Capital Cost, payback time and total free cash flow for the life of mine.

Feasibility Success Rate is 21.6%

45 of 208 greenfield critical metals projects progressed from Discovery to Construction & Mining during 2014 - 2022 in Australia

Construction

Building mining infrastructure to enable mining of the mineral reserve.

After feasibility confirms the economic viability of the site, construction begins. Miners will build the infrastructure and start to dig the ore, extract the metals and ship them to customers.

Recent Examples of Discovery to Production timelines

Degrussa

Sandfire Resources (3yrs)
Minerals
Copper
Discovery
2009
Feasibility Complete
2011
Begin Construction
2012
Begin Production
2012

Nova Nickel Mine

IGO (5yrs)
Minerals
Nickel
Discovery
2012
Feasibility Complete
2015
Begin Construction
2015
Begin Production
2017

Pilgangoora

Pilbara minerals (5yrs)
Minerals
Lithium
Discovery
2014
Feasibility Complete
2016
Begin Construction
2016
Begin Production
2018

Finnis

Core Lithium (5yrs)
Minerals
Lithium
Discovery
2016
Feasibility Complete
2019
Begin Construction
2019
Begin Production
2021
How much does a single mine produce?

Mine annual revenues range from $50M to $3B, while mine life ranges from 8 to 100+ years.

Mine annual revenues chart
Benefits

Industry-Leading
Unit Economics

Lowest Drilling Cost

Our efficient, modular design coupled with streamlined operations translates into best-in-class drilling economics.

Precise AI-Driven Prospect Detection

Our AI platform repeatedly discovers new and overlooked prospects for a multitude of commodities.

Minimal Environmental Impact

Our drilling system requires no groundwork and causes close to zero environmental impact, while the onboard mud filtration system minimizes water wastage and prevents contamination of the soil. All while reducing downtime and costs.

Our Partners