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Hey there, tech enthusiasts! Today, we dive into an exciting development in the mining industry, where innovative technology is unearthing hidden resources.
Recently, a startup named Earth AI made headlines by discovering promising deposits of critical minerals in Australia that have long been overlooked by other mining companies.
This revelation parallels another company, KoBold, which previously identified a significant copper deposit in Zambia. While Earth AI’s deposits may not be as vast, they highlight the potential of technology in revolutionizing mineral exploration.
Roman Teslyuk, Earth AI’s founder and CEO, claimed that the real challenge in mining lies not in geographical locations, but in leveraging technology to sort through historical data for better predictions.
Earth AI utilized existing mineral data archives in Australia to identify deposits of copper, cobalt, and gold, along with silver and tin, in various regions across the country—all places that others had given up on.
Initially starting as a software company focused on predictive algorithms, Earth AI faced skepticism from mining customers who were hesitant to invest in new technology without substantial proof of its effectiveness.
To counter the doubts, Earth AI developed its own drilling equipment to validate the effectiveness of its predictions, further demonstrating the promises of its algorithms.
In January, Earth AI attracted attention by raising $20 million in funding, showcasing the industry’s growing interest in AI-driven exploration techniques.
Unlike other companies, Earth AI focuses on efficiently scanning vast areas to find overlooked deposits, which could potentially expedite the mineral discovery process.
