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Corporate Presentation
March 2020
SensOre – Discovering more with AI enhanced exploration
SensOre aims to become the top performing minerals targeting company in the world through deployment of AI Machine Learning technologies.
• INITIAL CAPITAL RAISING
• STRATEGIC FOCUS ON GOLD AND NICKEL IN WA
• DISRUPTING CONVENTIONAL EXPLORATION
• SINGLE STEP FROM DATA TO DRILL TARGET
• FURTHER ADVANCED THAN COMPETITORS
• BUILDING ACREAGE IN PROLIFIC GOLD REGION
• 9 TARGETS TO BE TESTED IN 2020
• STRATEGIC PARTNERSHIPS WITH TOP TIER
COMPANIES
• EXPANSION TO AUSTRALIA-WIDE DATA CUBE
Industry in need of change
The mineral sector faces a significant challenge in discovering the mines of the future. New discoveries are becoming increasingly more difficult and the exploration pipeline is being filled with lower grade, previously uneconomic projects that do not meet current investment hurdles.
Breakthroughs in Machine Learning
Rapid machine learning advances have transformed multiple industry sectors and mineral exploration is one of the next sectors to be disrupted.
Competitive Advantage – Mining Industry
• Technology is a workflow platform
• Conventional industry exploration uses only 20-40% of data in separate interpretive steps, reflecting human bias. SensOreuses all data simultaneously in single step to drill target
• Feature engineering approach applied is routinely in oil and gas industry
• Predicts; location, size, footprint, grade and depth
• Accurately predicts +85% of known Yilgarn endowment
• Number of targets tested and discovery costs reduced 100 fold
SensOre’s competitive advantage is its data cube combining 700 layers of data, cleaned and integrated, combined into a predictive model that can move in one pass from the regional level to drill target.
SensOre Data Cube DPT‘Conventional Exploration’
Competitive Advantages over AI/ML targeting companies
SensOre’s proprietary DPT technology combined with data cube allows discovery to be focused at the cell level creating a unique simultaneous one-step process from regional data to drilling targets.
Competitive Advantages over AI/ML targeting companies
SensOre technology platform
Discriminant functionality to predicts size, footprint, grade and depth with focus on economic parameters – New mines not resources
Appropriate ML algorithms specifically selected then applied to fundamental data and data derivatives not only images.
+25 individual ML algorithms used from all ML classes; Supervised, Semi-supervised, Un-supervised, Reinforcement
Specific correlations between training deposits and each cell utilising all layers in data cube
Utilises standard minimum cell size 400 x 400m
Uses ‘feature engineering – data imputation’ techniques to infill data routine in oil and gas industry
Use of ore deposit extended geochemical data for predicting and vectoring endowment characteristics. Proprietary ML tools AGLADS® and iFERTILE
Competitive Advantages over AI/ML targeting companies
SensOre data cube
SensOre Data cube (2019) 12 Billion data points (data + derivatives) in +700 layers. All used for deposit data layer correlations and prediction
Data cube +10 years in development, huge investment in data curation and cleaning
Unique data cube seamlessly expanding by combining public, research and proprietary data
Data cube includes all data plus imputed ‘infill’ data utilising feature engineering - routine in oil and gas industry. Application of optimum transformation techniques
Vast Western Australia industry legacy data acquired, extracted, cleaned and integrated• +6 million surface samples • +200 million drill hole samples
Endowment Prediction Performance
Actual Au Endowment Categories (cumulative total oz Au/graticule)
Western Australia - Yilgarn
• Strategic focus on gold in WA
• Further advanced than competitors
• Predicted 50+ Targets > 1m oz
• Acquired 500 sqkm+ containing 7-9 targets
• 7-9 targets to be tested in 2020
• Predicted new prospective greenstone terrane >30,000 sqkm -mostly open ground
• Strategic partnerships with top tier companies
• Expansion to Australia-wide cube
SensOre generates revenue from targets generated that result in royalty and equity positions from wholly owned targets on vacant ground and from a number of advanced third party agreements.
Western Australia
Tea Well Project Summary –Yilgarn Exploration Ventures 100%
Geology:Thick sequence of Archaean greenstone;• Mafic and ultramafic volcanics, • Felsic volcanics,• Sediments – (Yaloginda fm) BIF, jaspilite, chert, shale, coarse clastics)• Gabbro & dolerite intrusions
Structure:• South plunging NNE ‘Polelle’ regional synform• Mapped & interpreted major NE SW faults along fold axis• Mapped & interpreted ENE cross faults
Mineral systems:• X2 Large predicted mineral systems;• Meekatharra - 12kms N-S x 4kms E-W - extensive known endowment• Tea Well Target - 6kms N-S x 4kms E-W - no known endowment
Previous Exploration:• Low number (68) surface geochem samples• No drilling
Predicted Target:• Large multiple (6) +5Moz coherent predicted target cell cluster
• Deep high-grade southern portion of target - Underground target• Shallow, moderate-grade northern portion of target - Open pit target
1 SensOre
TEA WELL PROJECT SUMMARY - YILGARN EXPLORATION VENTURES 100%
Geology:
Thick sequence of Archaean greenstone;
• Mafic and ultramafic volcanics,
• Felsic volcanics,
• Sediments – (Yaloginda fm) BIF, jaspilite, chert, shale, coarse
clastics)
• Gabbro & dolerite intrusions
Structure:
• South plunging NNE ‘Polelle’ regional synform
• Mapped & interpreted major NE SW faults along fold axis
• Mapped & interpreted ENE cross faults
Mineral systems:
• X2 Large predicted mineral systems;
• Meekatharra - 12kms N-S x 4kms E-W - extensive known
endowment
• Tea Well Target - 6kms N-S x 4kms E-W - no known
endowment
Previous Exploration:
• Low number (68) surface geochem samples
• No drilling
Predicted Target:
• Large multiple (6) +5Moz coherent predicted target cell cluster • Deep high-grade southern portion of target - Underground target
• Shallow, moderate-grade northern portion of target - Open pit
target
Bluebird, 1Moz
Meekatharra, 4.8Moz
Tea Well Target
Legend Geology:
Mafic/ultramafic volcanics
Gabbro/dolerite
Yaloginda formation
Felsic volcanics
Granite
Coarse clastic sediments
Fault
Mineral system:
Tenure:
Yilgarn Exploration Ventures
Mines / min occurrences: Mines > 1Moz
Min Occurrences <1Moz
Coherent cell cluster / mineral system
Christmas Well Project Summary –Yilgarn Exploration Ventures 100%
Geology:Thick sequence of Archaean greenstone;• Mafic and ultramafic volcanics, • Felsic volcanics,• Sediments – (Siliclastic, coarse clastics)• Gabbro & dolerite intrusions• Ultrabasic lamprophyres (within target area)
Structure:• Flexure in major NW fault, greenstone granite contact• Mapped second order faults in target
Mineral systems:• X3 mineral system clusters;• Gwalia – Giant 20kms N-S x 6kms E-W - +10Moz known endowment• Kailis 5kms N-S x 2.5kms E-W 200Koz known endowment• Christmas Well Target - 3kms N-S x 5kms E-W - no known endowment
Previous Exploration:• No surface geochem samples in target on Yilgarn Expl Ventures tenure• 3 shallow drill holes in target on Yilgarn Expl Ventures tenure
Predicted Target:• Large +5Moz coherent predicted target cell cluster
• Shallow <250m, high-grade (3.5-7.5g/t) target - Open pit target
1 SensOre
CHRISTMAS WELL PROJECT SUMMARY - YILGARN EXPL VENTURES 100%
Geology:
Thick sequence of Archaean greenstone;
• Mafic and ultramafic volcanics,
• Felsic volcanics,
• Sediments – (Siliclastic, coarse clastics)
• Gabbro & dolerite intrusions
• Ultrabasic lamprophyres (within target area)
Structure:
• Flexure in major NW fault, greenstone granite contact
• Mapped second order faults in target
Mineral systems:
• X3 mineral system clusters;
• Gwalia – Giant 20kms N-S x 6kms E-W - +10Moz known
endowment
• Kailis 5kms N-S x 2.5kms E-W 200Koz known endowment
• Christmas Well Target - 3kms N-S x 5kms E-W - no known
endowment
Previous Exploration:
• No surface geochem samples in target on Yilgarn Expl Ventures
tenure
• 3 shallow drill holes in target on Yilgarn Expl Ventures tenure
Predicted Target:
• Large +5Moz coherent predicted target cell cluster • Shallow <250m, high-grade (3.5-7.5g/t) target - Open pit target
King of the Hills, 5Moz
Legend Geology:
Mafic volcanics
Ultramafic volcanics
Gabbro, dolerite
Felsic volcanics
Interpreted granite
Coarse siliclastic sediments
Fault
Mineral system:
Tenure:
Yilgarn Exploration
Ventures
Mines / min occurrences: Mines > 1Moz
Min Occurrences <1Moz
Coherent cell cluster / mineral system
Gwalia, 10.8Moz
Christmas Well Target
Kailis, 200koz
Boodanoo –Yilgarn Exploration Ventures 100%
Geology:Sequence of Archaean greenstone;• Mafic and ultramafic intrusives, • Sediments (Yaloginda Formation - BIF, jaspilite, chert, shale, clastics)• Archaean intrusive felsic porphyry dykes • Extensive lake cover
Structure:• Mapped & interpreted major N_S faults
Mineral systems:• X1 Large predicted mineral system;• Target - 9kms N-S x 6kms E-W - no known endowment
Previous Exploration:• Low number (24) surface geochem samples• No drilling
Predicted Target:• Large multiple (6) 1-5Moz coherent predicted target cell cluster• Shallower, moderate-grade targets - Open pit target
1 SensOre
BOODANOO - YILGARN EXPLORATION VENTURES 100%
Geology:
Sequence of Archaean greenstone;
• Mafic and ultramafic intrusives,
• Sediments (Yaloginda Formation - BIF, jaspilite, chert, shale,
clastics)
• Archaean intrusive felsic porphyry dykes
• Extensive lake cover
Structure:
• Mapped & interpreted major N_S faults
Mineral systems:
• X1 Large predicted mineral system;
• Target - 9kms N-S x 6kms E-W - no known endowment
Previous Exploration:
• Low number (24) surface geochem samples
• No drilling
Predicted Target:
• Large multiple (6) 1-5Moz coherent predicted target cell cluster • Shallower, moderate-grade targets - Open pit target
Legend Geology:
Mafic volcanics
Gabbro/dolerite
Yaloginda formation
Felsic porphyry intrusive
Granite
Lake cover sediments
Fault
Mineral system: Coherent cell cluster
Tenure: Yilgarn Exploration
Ventures
Boodanoo Target
Providence Bore Project Summary –Yilgarn Exploration Ventures 100%
Geology:Thick sequence of Archaean greenstone;• Mafic volcanics• Ultramafic volcanics, • Felsic volcanics,• Gabbro, dolerite and porphyry intrusions• Predicted greenstone currently classified as granite. Old interpretation
identifies as Archean gneiss
Structure:• Major NW fault Mount Ida shear• Mapped second order fault in target area, demagnetising predicted
greenstone
Previous Exploration:• No surface geochem samples in target on Yilgarn Expl Ventures tenure
east of Mt Ida Shear• Drill holes in target east of My Ida shear, mineralised 340ppb Au, no
drilling on targets away from shear
Predicted Target:• Cluster of 3 graticules;
• X2 1-5Moz• X1 100Koz
• Shallow <250m, high-grade (3.5 to +7.5g/t) predicted targets - Open pit target
1 SensOre
PROVIDENCE BORE PROJECT SUMMARY - YILGARN EXPL VENTURES 100%
Geology:
Thick sequence of Archaean greenstone;
• Mafic volcanics
• Ultramafic volcanics,
• Felsic volcanics,
• Gabbro, dolerite and porphyry intrusions
• Predicted greenstone currently classified as granite. Old
interpretation identifies as Archean gneiss
Structure:
• Major NW fault Mount Ida shear
• Mapped second order fault in target area, demagnetising
predicted greenstone
Previous Exploration:
• No surface geochem samples in target on Yilgarn Expl Ventures
tenure east of Mt Ida Shear
• Drill holes in target east of My Ida shear, mineralised 340ppb
Au, no drilling on targets away from shear
Predicted Target:
• Cluster of 3 graticules; • X2 1-5Moz
• X1 100Koz
• Shallow <250m, high-grade (3.5 to +7.5g/t) predicted targets -
Open pit target
Mt Ida, 300koz
Legend Geology:
Mafic volcanics
Ultramafic volcanics
Gabbro, dolerite
Banded Iron
Interpreted granite
Predicted extended greenstone
Fault
Mineral system:
Tenure:
Yilgarn Exploration Ventures
Mines / min occurrences: Mines > 100koz
Min Occurrences <100koz
Predicted graticule targets
Bottle Creek, 320Koz
Providence Bore Target
Mt Magnet Project Summary –Yilgarn Exploration Ventures 100%
Geology:Thick sequence of Archaean greenstone;• Mafic and ultramafic volcanics, • Felsic volcanics and banded iron,• Coarse clastics and conglomerates• Gabbro & dolerite intrusions• Predicted greenstone currently classified as granite. Mapping indicates
intermediate intrusive / dioriteStructure:• Major through going NW fault corridor with associated Archaean
conglomerates to west of target
Mineral systems:• Run 4 Mt Magnet target
Previous Exploration:• No publicly available surface geochem samples in target on Yilgarn Expl
Ventures tenure • No drillingsamples in target on Yilgarn Expl Ventures tenure
Predicted Target:• Cluster of 2 graticules;
• X1 +5Moz - Deep moderate grade UG target• X1 1-5Moz 250-500m high-grade (+7.5g/t) Open pit / UG target
1 SensOre
MT MAGNET PROJECT SUMMARY - YILGARN EXPL VENTURES 100%
Geology:
Thick sequence of Archaean greenstone;
• Mafic and ultramafic volcanics,
• Felsic volcanics and banded iron,
• Coarse clastics and conglomerates
• Gabbro & dolerite intrusions
• Predicted greenstone currently classified as granite. Mapping
indicates intermediate intrusive / diorite
Structure:
• Major through going NW fault corridor with associated Archaean
conglomerates to west of target
Mineral systems:
• Run 4 Mt Magnet target
Previous Exploration:
• No publicly available surface geochem samples in target on
Yilgarn Expl Ventures tenure
• No drilling samples in target on Yilgarn Expl Ventures tenure
Predicted Target:
• Cluster of 2 graticules; • X1 +5Moz - Deep moderate grade UG target
• X1 1-5Moz 250-500m high-grade (+7.5g/t) Open pit / UG target
Hill 50, 3.5Moz
Mt Magnet Target
Legend Geology:
Mafic volcanics
Ultramafic volcanics
Gabbro, dolerite
Felsic volcanics & Banded Iron
Clastics - conglomerate
Interpreted granite
Predicted extended greenstone
Fault
Tenure:
Yilgarn Exploration Ventures
Mines / min occurrences: Mines > 1Moz
Min Occurrences <100koz
Predicted graticule targets
Morning Star, 1Moz
Eridanus, 150koz
Competitor Analysis
$- $5 $10 $15 $20 $25
Minerva Intelligence
Windfall Geotek
Goldspot
Azimut Exploration
TSX Listed Competitors Market Capitalisation $CAD millions
Source: TSX 30 November 2019
Source: Competitor Analysis from Minerva Intelligence 31 March 2019
Listed Competitors
Global Opportunities
SensOre has identified data rich areas conducive to the development of data cubes in Europe, North and South America and other states of Australia. The development of data cubes are conditional on anchor clients willing to fund or partially fund data cube development.
Timeline
SensOre has corporatised and recruited a management team for the next phase of growth. The major focus is on developing the revenue streams for Yilgarn from data services and royalty interests. The next phases are structured around scaling the platform Australia wide and globally.
Board & Management
SensOre has a highly qualified and experienced board and management team that covers both the minerals and technology sectors.
Robert Peck AMRobert is a founding Principal of peckvonhartel architects with 50 years experience in the architectural, development and infrastructure sectors , and the building industry Nationally and in South East Asia. He is former President of the Australian Assoc. of Consulting Architects, founding Director of Japara Healthcare, former Chair at Ivvy, a leading event booking and software business and Director of the RVF Group.
Anthony O’SullivanOver 30 years experience in mineral exploration, technology and project development. Former BHP Global Exploration Leadership team member. Multiple start-ups including QPX focussed on deploying artificial intelligence and machine learning to improving mineral exploration outcomes.
Nic LimbNic Limb is the Chairman of FAR Limited, an ASX listed oil exploration and development company. Nic qualified as a geophysicist and worked through the late 70’s and 80’s in the mineral exploration field in Australia. He then worked for a number of years in banking as a resource specialist involved in financing and merger and acquisitions.
Adrian MangerSenior business executive with 30 years minerals industry experience, comprising 20 years in executive and leadership roles with BHP. Founded and successfully commercialised private Australian and Chilean mineral exploration companies.
Board & Management
SensOre has a highly qualified and experienced board and management team that covers both the minerals and technology sectors.
Richard Taylor CEORichard has held senior executive roles in the resource sector for more than 15 years. Prior to this role he was CEO of ASX-listed Terramin and senior roles with PanAust and Oxiana. Specialising in business development, strategy and governance. Richard is a qualified lawyer. He holds an MBA from the University of Cambridge.
Robbie Rowe COORobbie has over 30 years of experience in gold and copper exploration from greenfield to mining environment. Robbie was former Chief Geologist and VP Exploration Australia Africa Asia region with Barrick Gold Corporation. UNCOVER exec and independent consultant to the mining industry, government and academia
Alf Eggo CTOAlf has over 37 years of leading roles in technical excellence, 16 years with Rio Tinto, and 24 years as an independent consultant. Alf’s core skills are in geochemistry, and a focus on the application of Machine Learning applied to large, multi-disciplinary databases to support mineral exploration
Rohan Gillespie CCORohan has 35 years experience in the resources and energy sector including senior roles in engineering and business development with BHP and corporate finance with Commonwealth Bank. Since 2006 Rohan has been a corporate advisor and incubator of start-up ventures in energy and technology.
Summary
• SensOre through Augmented Machine Exploration will disrupt greenfield & brownfield exploration targeting workflow. Potential to deliver transformational orders-of-magnitude improvement in exploration performance.
• Utilisation of available big data with focus on economic parameters will change investment decisions and follow on capital allocation in mineral exploration sector. Early adopters to differentiate from current market
• Business model to deliver revenue through assets, services and technology via transactions and recurring revenue streaming
Disclaimer & Forward Looking Statements
Disclaimer
The material contained in this presentation has been prepared by SensOre Group. It is current as at the date of this presentation. It contains information in
a summary form and should be read in conjunction with SensOre’s other periodic announcements available at www.SensOre.com. An investment SensOre
shares is subject to known and unknown risks, many of which are beyond the control of SensOre. In considering an investment in SensOre shares, investors
should have regard to (amongst other things) the risks outlined in this presentation and in other announcements and disclosures made by SensOre. This
presentation contains statements, opinions, forecasts and other material based on various assumptions which may or may not be correct. The information
contained in this presentation does not take into account the investment objectives, financial situation or particular needs of any recipient and is not
financial advice or financial product advice.
To the extent permitted by law, SensOre, its directors, officers, employees, agents, advisers and persons named in its presentation: give no warranty or
guarantee as to the accuracy or likelihood of fulfilment, any assumptions upon which any part of this presentation is based or the accuracy, completeness or
reliability of the information contained in this presentation; accept no responsibility for any loss, claim, damages, costs or expenses arising out of, or in
connection with, the information contained in this presentation.
Competent Person Statement
The information in this presentation that relates to Exploration Results and Mineral Resources is based on information compiled by Robbie Rowe, a
Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy (AusIMM). Mr Robbie Rowe is an employee and Principal
Geologist of SensOre. Mr Robbie Rowe has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to
the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results,
Mineral Resources and Ore Reserves’. Mr Robbie Rowe consents to the inclusion in the report of the matters based on his information in the form and
context in which it appears.
SensOre Group
Unit 7, 5 Tully Road, East Perth
SensOre Ltd
17/530 Collins Street, Melbourne
CONTACT
Richard TaylorChief Executive Officer