The mining industry has been utilizing technology to improve their chances of finding mineral resources for thousands of years. With many of the easy-to-find minerals already discovered, the industry is turning to artificial intelligence (AI) and machine learning to help uncover new resources. A recent study found that AI and machine learning can help identify areas containing critical battery minerals and rare earth elements. Industry and science bodies, such as the mining company BHP Group and Australian critical minerals specialist Tivan, are partnering with AI and machine learning companies to locate deposits. AI and machine learning can improve the efficiency and success rate of exploration by processing millions of data points, mapping geographic locations, and analyzing seismic and production data. These technologies are estimated to add as much as $16 trillion to the world’s GDP by 2030.
BHP Group is the world’s largest mining company and is partnering with the Silicon Valley-based startup KoBold Metals to locate battery metal deposits in Western Australia.
Jeff Bezos is the founder of the Silicon Valley-based startup KoBold Metals.
