Fleet Space Technologies has successfully completed a trial using its proprietary Ambient Noise Tomography (ANT) technology to faster and non-invasively find critical lithium deposits.
The trial was commissioned by Australia’s newest lithium miner, Core Lithium, at its Finniss Project in Australia’s Northern Territory. This is in line with its mission to provide the globe with high-grade lithium suitable to power electric vehicles and renewable energy storage.
Core Lithium described the results of the trial as “an outstanding success”, noting an excellent correlation with the pegmatite body interpreted from drilling to depths in excess of 500m and stating that a number of previously unknown targets have emerged – a major boost for exploration.
Core Lithium’s Finniss Project will be Australia’s newest lithium producer on the ASX Australian Securities Exchange, with first production targeted for Q4 2022. As one of Australia’s most capital efficient lithium projects, it has been awarded Major Project Status by the Australian Federal Government.
Opportunity To Revolutionise Exploration
Fleet’s ExoSphere technology has been created to answer the urgent global requirement to find a dramatically more sustainable, economically viable and faster route to finding critical mineral deposits. Since introducing ExoSphere technology to the market in Q1 2022, Fleet has been engaged by the world’s leading exploration companies.
In completing these successful field trials, ExoSphere has emphatically proven its viability to support the discovery of the more than $13trillion in additional energy transition minerals. This figure is stated by the International Monetary Fund (IMF) as required to meet global net zero targets to enable the transition of vehicles to clean-air powertrains.
ExoSphere is Fleet’s pioneering exploration technology. It delivers detailed subsurface 3D mapping using an array of Geodes. These devices are so portable and lightweight they can be transported and placed by hand. The geodes use edge computing to analyse ambient seismic noise which is sent by Fleet’s network of small satellites for processing. The data is rapidly processed in the cloud to deliver a 3D visualisation of the area to support critical exploration decisions. This makes searching for key energy transition minerals faster, more sustainable, less expensive and more accurate.
The proposal between Fleet Space and Core Lithium outlined the subscription options for ExoSphere by Fleet. ExoSphere is a pioneering exploration technology that delivers detailed subsurface 3D velocity mapping using an array of Geodes, Fleet’s satellite-connected seismic sensors. The subscription included the rental of the Geodes (satellite-enabled Geophones), planning support, deployment support, and the real-time processing and delivery of any 3D shear velocity models.
By harnessing the power of Fleet’s ExoSphere technology, we are able to scan the earth in greater depth and detail than ever before. This cleaner, faster and more flexible approach to exploration answers the urgent global requirement to find more than $13 trillion in critical earth transition minerals. ExoSphere is supporting the world’s transition to more sustainable practices by speeding up vital mineral discoveries more than one hundred-fold. We are proud to enable this critical step in mining to provide better access to the resources we need to make a better future for humanity,” Matt Pearson, Co-Founder, Fleet Space Technologies, said.