Fleet Space, an innovative startup based in Australia, has made significant strides in the exploration of lithium resources by employing satellite-powered artificial intelligence (AI) technology. The company got leadership’s support as they greatly increased the size of one of the world’s largest lithium deposits, in Quebec, Canada. Before Fleet Space arrived on the scene, this deposit was already known to be massive.
Fleet Space’s satellite-powered AI system cuts through decades of accumulated geological noise using sophisticated algorithms and analytics to produce actionable insights for exploration. It’s all part of a new geologic paradigm that allows us to paint an entirely different picture of the lithium deposit. That knowledge will be important in the coming years as demand for lithium increases worldwide, particularly for EV batteries and renewable energy storage systems. With this technology, Fleet Space has been able to enhance the knowledge of potential lithium reserves that were previously identified.
Lithium deposits are deceptively easy to find, but tricky to determine commercial viability. Statistically speaking, just three out of every 1,000 possible deposits ever advance to a stage where they can be considered commercially viable. Conventional approaches are largely rooted in decades of intensive drilling and core sample analysis. This arduous process can span years before any results even come to fruition. Thanks to Fleet Space’s AI-driven smart approach, it cuts down the initial assessment to hours instead of weeks or months.
The lithium deposit in Quebec is significant not only for its size but for its strategic importance. As countries and companies alike make a faster-than-light pivot to sustainable energy solutions, the question of where we get our lithium has become pressing. Fleet Space’s innovations offer an exciting opportunity for investors and players in the mining industry.
By applying technology in a new and innovative way, Fleet Space is putting itself at the cutting edge of minerals exploration. The new startup, called Aditorium, expands our knowledge beyond what we’ve already discovered underground. This breakthrough would make exploration less expensive and faster, accelerating the transition to a cleaner energy future.
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