Last summer, the start of the Kobold mines made a spraying when he said he had discovered in Zambia one of the world’s largest copper deposits in more than a decade.
Now, another beginner, the land he, exclusively told Techcrunch about his discovery: the promising deposit of critical minerals in parts of Australia that other mining clothing had ignored for decades. While it is not yet known if they are as large as Kobold, the news suggests that future critical mineral supplies are likely to come out of a combination of field data analyzed by artificial intelligence.
“The current, true border (in the mines) is not as geographical as it is technological,” Roman Teslyuk, the founder and CEO of the Earth he told Techcrunch.
Land it has identified the deposits of copper, cobalt and gold in the northern territory and silver, molybdenum and tin at another in the new southern Welsh, 310 miles (500 kilometers) northwest of Sydney.
Earth he came out of the postgraduate studies of Teslyuk. Teslyuk, a local in Ukraine, was working for a doctorate at the University of Sydney, where he became acquainted with the mining industry in Australia. There, the government owns the rights of mineral deposits, and rented them in six years. Since the 1970s, he said, exploration companies are required to submit their data to a national archive.
“For some reason, no one uses them,” he said. “If I could build an algorithm that can absorb all that knowledge and learn from the failures and successes of millions of geologists in the past, I can make much better predictions on where to find minerals in the future.”
Teslyuk started the land he as a software company focused on making forecasts about possible deposits, then approached customers who may be interested in exploring the pages. But clients were puzzled to invest, in part because they did not want to basic millions for forecasts of unproven technology.
“Mines are a very conservative industry,” Teslyuk said. “Everything outside the approved dogma is considered heresy.”
So the land he decided to develop his drilling equipment to prove that the pages he identified were as promising as her software suggested. The company was accepted in the Y Coming’s Spring Group 2019, and spent the coming years refinning its equipment and software. In January, the land he raised a series of $ 20 million B.
Although the company uses it to look for minerals like Kobold, Teslyuk says it is looking for another solution. Land algorithms he, he said, have been trained to scan wide areas quickly and efficiently to find deposits that could otherwise have been overlooked.
“The way we have explored for metals in the past, 20Th Century, just requires a lot, too long. It takes decades to find something, “said Teslyuk.” With the modern rhythm of the world, you just can’t wait for that long. “
