SensOre Ltd (ASX:S3N) CEO Richard Taylor tells Proactive the company has signed another exploration deal, this time in the form of a farm-in agreement with Firetail Resources Ltd to accelerate lithium exploration at the Yalgoo Lithium Project in Western Australia. SensOre’s joint-venture subsidiary Exploration Ventures AI Pty – formed in partnership with German resource investment group Deutsche Rohstoff AG – now has the option to earn up to 80% of lithium rights on tenement E59/E2252 by spending $3.5 million in two stages. SensOre will provide Firetail access to its proprietary AI technology across the Yalgoo and Dalgaranga Lithium Project, which has already identified lithium-caesium-tantalum (LCT) pegmatite prospectivity.
“We are delighted to have the opportunity to collaborate with Firetail in this LCT-prospective region, where the FTL team has made great progress with their exploration so far,” Taylor said.
“We are excited to see the value that SensOre will be able to bring with our proprietary AI technology in exploring the wider Yalgoo and Dalgaranga Project area.”
Contact Details
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Premier1 Lithium Limited, formerly SensOre Ltd., is an Australia-based company, which combines its geoscience platform and its proprietary target generation and validation technology with its geosciences expertise to discover viable mineral deposits and at pace for clients and for itself. The Company operates through four segments: Technology, Exploration, Intrepid and Corporate. It invests in the continuous improvement of its technology and IP assets, including DPT, Data Cube, Geomodeller, Cauchy Downward Continuation (CDC), 2.5D AEM, AGLADS, iFertile, iDeposit and the SensOre Discoveries Database. It has a tenement portfolio of wholly owned and joint ventured tenement assets in Western Australia that it conducts exploration and evaluation activities on. It has acquired Intrepid, a provider of geophysics software and services, which distributes and resells globally. Its Corporate segment includes corporate related salaries and oncosts, administration, marketing, and compliance costs.