METS

SensOre signs new tech partnership

Shares hit new high

Staff reporter

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SensOre's artificial intelligence and machine learning platform was created to improve exploration success rates and performance.

The company said the partnership represents an opportunity to expand SensOre's current client services to a cloud-based software as a service product.

It is envisaged that development and deployment of the proprietary platform will open the door to scale the company's products and expand SensOre's capacity to service mineral exploration companies in Australia and overseas, while reducing its unit cost per engagement.

The project will involve using SensOre's AI-driven technology to create a digital twin of the Earth's surface, enhancing the way exploration companies identify and analyse mineral exploration targets.

"Our background is creating and deploying technology and software that generates exploration targets using AI," SensOre CEO Richard Taylor said.

"While we have previously focused on Western Australia, a key objective of the Unico partnership is to enhance the pace of our data expansion across the globe.

"This project is a massive opportunity to use our technology to build a model that we believe will be in demand from mining exploration companies around the world. We are excited about the prospect of a global relationship with CGI to help expand our technology offerings into new markets."

SensOre listed on the ASX last month after raising A$7.5 million at 85c per share.

Shares in SensOre traded as low as 62c earlier this month but reached a high of 87c today. The stock closed 6.2% higher at 85c.

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