How AI Will Unlock the Next Wave of Mineral Discoveries

Emerging technologies such as artificial intelligence (AI) and machine learning are rapidly proving their value across many industries. Today's infographic comes from GoldSpot Discoveries, and it shows that when this tech is applied to massive geological data sets, that there is growing potential to unlock the next wave of mineral discoveries. Discovering new sources of minerals, such as copper, gold, or even cobalt, can be notoriously difficult but also very rewarding. According to Goldspot, the chance of finding a new deposit is around 0.5%, with odds improving to 5% if exploration takes place near a known resource. On the whole, mineral exploration has not been a winning prospect if you compare the total dollar spend and the actual value of the resulting discoveries.