10 Aug OreFox-led consortium unlocks funding to accelerate exploration at historic Queensland mine
A consortium led by artificial intelligence-based geological data analytics company OreFox has secured significant funding via the Queensland METS Collaborative Projects Fund that will assist mineral resource discovery at a historic Queensland mine.
OreFox is working with ASX-listed QMines Limited and Ironbark Marketing to deploy its innovative AI technology at the Mt Chalmers deposit, located near Rockhampton in Queensland.
QMines has commenced exploration activities across the Mt Chalmers project, including an aggressive drilling programme, with an airborne EM survey to follow. An initial JORC 2012 inferred resource estimates 73,000 tonnes of copper contained at the project. Historical drilling at the site shows the mineralisation is open in multiple directions.
The consortium will carry out a comprehensive multi-element geochemical sampling programme focused on critical minerals at the mine site and other notable prospective sites around the historic mine site.
Data collected from this programme, including assays from the current drilling campaign, will be processed by OreFox, using their proprietary machine and deep learning systems to gain further insights.
“This project has the potential to increase exploration activity in Queensland, particularly for new economy minerals and could be applied to numerous other historical mines and deposits,” said OreFox CEO Warwick Anderson.
“The partnership between OreFox, QMines and Ironbark Marketing is anticipated to bring more regional jobs to Queensland and aid Queensland exploration frontiers.”