PLC - Premier Lithium

[System]

SensOre is part of the broad Mining Equipment, Technology and Services (METS) sector in Australia. Within the METS sector, SensOre is part of the growing AI and ML Exploration Technology (AI-ET) sub-sector, encompassing companies applying data-driven intelligence and self-learning solutions to mineral exploration problems.

SensOre's Exploration activities (including AI-Target acquisition and exploration) overlap with the junior mining exploration market segment.

SensOre combines its geoscience Data Cube and its proprietary target generation and validation technology (DPT) with its team's geosciences expertise to discover economically viable mineral deposits efficiently, sustainably and at pace for clients and for itself. SensOre's big data approach means that the Company generates new target knowledge across large areas and working with clients allows SensOre to commercialise this knowledge.

It is anticipated that S3N will list on the ASX during February 2022.

SensOre | Discovering More

sensore.com

 

[Dona Ferentes]

Listing date	11 February 2022 1:00 PM AEDT ##
Company contact details	https://www.sensore.com Ph: +61 8 9221 9162
Principal Activities	SensOre aims to become the top performing minerals targeting company in the world through an approach to exploration that combines advanced artificial intelligence (AI) and Machine Learning (ML) technology, big data and vast geoscientific expertise.
GICS industry group	TBA
Issue Price	AUD0.85
Issue Type	Ordinary Fully Paid Shares
Security code	S3N
Capital to be Raised	$12,500,000
Expected offer close date	24 December 2021
Underwriter	Not underwritten. Bell Potter Securities Limited (Lead Manager)

 

[Dona Ferentes]

It listed on 11/02, but has been under the IPO price until recently. Touching 64c, there were a series of announcements (picking up exploration clients, forming tech partnerships) that saw the SP push above 90c, which was held for a few days ... but now back to 82c.

As a sub $20 million company they are nothing if not ambitious. How they monetise will be of interest. I am not sure the claim of being a tech company (Technology at core of business; Fast tracking commercialisation via cloud-based SaaS platform) will be reflected completely (priced on revenue and reflected in high earnings multiple).

• +24 billion data points (data + derivatives) in +2,400 layers used for deposit data layer correlations and prediction
• +10 year development, huge investment in data curation and cleaning
• Seamless expansion using public, research and proprietary data Inclusion of imputed ‘infill’ data using feature engineering.
• Application of optimum transformation techniques
• Vast Western Australia industry legacy data acquired, extracted, cleaned and integrated : +8.5 million surface samples; +280 million drill hole samples

SensOre Ltd (S3N) is an Australian company which is focused on fast tracking the mines of tomorrow and believes that the combination of highest quality big data, ML and other scientific computing techniques will provide the next generation of exploration discovery in Australia and internationally. The company's big data and AI-Targeting approach generates new knowledge regarding geological prospectivity across large areas. SensOre monetises this knowledge by

1. acquiring identified AI-Targets to explore on its own or in partnership with financiers (Exploration); and
2. working with clients to unlock target potential in a client's exploration portfolio or areas of exploration interest (Exploration Services).

 

[Dona Ferentes]

Seems to me that mineralised pegmatites (Li, Sn-Ta-Nb) are a suitable target for the technology

SensOre Ltd ... has agreed terms with Deutsche Rohstoff AG on the identification, acquisition and exploration of SensOre generated lithium targets in Western Australia (JLE Venture). These negotiations follow exciting results from SensOre’s first lithium targeting program completed in December 2021.

SensOre’s JLE Venture is the latest of several client engagements that leverage the potential of SensOre’s multidimensional Data Cube and AI-enhanced targeting technology. SensOre stands to benefit from Deutsche Rohstoff as a partner through agreed targeting, acquisition and geological consulting fees for a minimum of eight accepted lithium targets, worth $125,000 per target for a total of $1 million.

 

[Dona Ferentes]

A day after announcing a small bolt-on, $5 million in shares and cash, SensOre jumps 36%.... still under IPO price

• SensOre expands its AI geophysics capacity through the acquisition of Intrepid Geophysics
• Acquisition follows the successful completion of a pilot project in the highly prospective Stawell and Ballarat gold corridors of Victoria
• Transaction increases annual recurring revenue by ~$2 million with an instant global client base
• Combining technologies will allow SensOre to unlock strong global demand for geophysics, geochemistry and geological machine learning and AI minerals targeting

 

[Dona Ferentes]

Quarterly Highlights

• SensOre acquires Intrepid Geophysics to advance its client base and east coast presence
• Technology milestones achieved over the quarter:

o Geochemistry data ingestion for Western Australia
o Completion of discovery process with CGI (formerly Unico) to advance cloud-based platform
o Successful completion of Victoria pilot project in the Stawell and Ballarat gold corridors

• Services milestones achieved over the quarter:

o Delivery of South Australia project to Aroha Resources, Argonaut Resources and Barton Gold
o Lithium targeting advanced to near completion for clients

• Exploration – multiple exploration campaigns continued at S3N’s WA projects with many assays pending:

o North Darlot – RC gold results confirm basement mineralisation and highlight untested potential
o Eaglehawk – 74 air core holes for a total of 6,480m. Assays pending
o Balagundi – 81 air core holes for a total of 3,778m. Assays pending
o Maynards Dam/Marloo – 105 air core holes for 2,955m with a further 60 holes completed post-quarter end for a total of 5,288m drilled. Assays pending
o Moonera – single mud rotary diamond hole (22MODD001) to a total depth of 733.10m. Assays pending

Cash at bank at 30 June 2022 was $4.12 million

 

[Dona Ferentes]

Since listing a bit over a year ago, S3N has shuffled along, but hardly catching the market's attention. There was a run up when the July acquisition was announced, but that was it.

Market cap is just over $21million, cash at hand now not much more than $2 million. Top shareholders seem to be associated with the biz; not an insto in sight.

SensOre aims to become the top performing minerals targeting company in the world through deployment of AI technologies.

They're in the process of unveiling a SaaS model, that hopes to better predict mineral discoveries. Today's Investor Presentation invokes all the motherhood statements about a de-carbonised future, and the need for more exploration to achieve this. Some interesting stats included . Whether S3N has the grunt to be a major player in this space remains to be seen.

 

[Dona Ferentes]

SensOre to commence funding of up to $4.5 million in lithium-focused exploration over 4.5-years to earn 80% of the lithium rights at the Montague Gold Project (Gateway GML)

HIGHLIGHTS
▪ All conditions precedent to the farm-in agreement have now been satisfied or waived.
▪ SensOre to commence lithium exploration at the Montague Project.
▪ Farm-in Agreement represents a new and exciting strategic channel for Gateway, providing possible future exposure to the battery metals market.

Now in a trading halt, with news of a placement to come.

... not the prettiest of performances, since listing . AND likely to be lower...

 

[Dona Ferentes]

Wow... 2oz

.
probably a geo wandered off for a dump.

 

[Dona Ferentes]

Sense shock

since listing; still looking for the holy grail.

 

[Dona Ferentes]

in today's update, which helped a 25 per cent drop to 5.8c.

.
Subsequent ground truthing of the prioritised soil anomalism located ~2km Southeast of the main lithium bearing pegmatites confirmed the presence of discreet sub-cropping pegmatites in the vicinity of the anomaly. The full strike extent of these new pegmatites has not been defined and remains open. Follow-up work is required to assess these new areas.

SensOre CEO Richard Taylor commented: "The potential at Abbotts North continues to grow for us. We have barely scratched the surface in terms of the areas potential and we are encouraged that with every field program we are seeing new opportunities emerge. These results set the scene for our drill program in February."
.
turning to a lithium wanna-be. New name and letterhead soon.

Re-branding of SensOre (ASX:S3N) to Premier1 Lithium (ASX : P1L) awaiting final ASIC and ASX approval.

..... Not sure ground truthing does it for me.

 

[peter2]

.... Not sure ground truthing does it for me.

It does for me. I'm not going near this mob. Looks like they're changing their name to change their luck or tempt unaware investors.

P1L not to be confused with PIL.

 

[Dona Ferentes]

P1L not to be confused with PIL.

A bitter pill, no less. Market cap $1.6M.

going nowhere, but down. Sensore e-delights are few and far between.

NH

 

[System]

On February 7th, 2024, Sensore Ltd. (S3N) changed its name and ASX code to Premier Lithium Limited (PLC).