Machine Learning and Artificial Intelligence Advancing Mineral Exploration

Machine learning and artificial intelligence are becoming key components of mineral exploration programs as companies set exploration targets. Machine learning and artificial intelligence (AI) have the ability to solve two of the mining industry's biggest challenges: rising exploration costs and a lack of new discoveries. After a heavy downturn in the past few years, the mining and mineral exploration sector is finally starting to recover, but deep challenges remain. In an industry that thrives on new discoveries, today's resource companies are finding it harder and more expensive to locate new deposits. Gold provides one of the greatest examples of this dearth of new discoveries in the face of rising exploration costs.