Lithosquare AI JV Delivers 8 Priority Targets
Aterian plc (LSE: ATN), the African-focused critical minerals exploration and trading company, is pleased to announce that its artificial intelligence (“AI“) collaboration with Lithosquare SAS (“Lithosquare”) has completed its target selection phase as per the initially agreed schedule, delivering eight priority targets across the Republics of Morocco (“Morocco“) and Botswana (“Botswana“).
Highlights:
· AI collaboration delivers results on schedule, with Lithosquare completing the target selection phase following a comprehensive technical review of Aterian’s portfolio.
· Eight high-priority exploration targets identified, comprising three projects in Morocco and five in Botswana.
· Target selection combined AI-driven geological modelling, detailed interpretation of Aterian’s datasets, a site visit to Morocco, and a global review of analogous mineral systems.
· The review covered Aterian’s broader African critical minerals portfolio, leveraging large geological datasets to identify the most prospective opportunities.
· Next-stage exploration work programmes and budgets are now being prepared, providing a clear pathway to advance these projects.
· Long-form Joint Venture (“JV”) agreement progressing toward completion, formalising the strategic framework for the partnership and reflecting both parties’commitment to an aggressive exploration timeline.
Charles Bray, Executive Chairman of Aterian plc, commented:
“The successful completion of the target selection phase with Lithosquare demonstrates the powerful role that artificial intelligence can play in accelerating mineral discovery. By applying advanced AI-driven geological analysis to our extensive datasets, we are able to rapidly evaluate large portions of our portfolio and focus our exploration efforts on the most prospective opportunities.
The identification of eight high-priority targets across Morocco and Botswana provides Aterian with a clearly defined pipeline of exploration projects with strong geological indicators and compelling analogues to successful mineral systems globally. Importantly, this process enables us to concentrate capital and technical resources on the projects with the greatest potential to deliver maximum value for shareholders.
The collaboration with Lithosquare is already proving highly effective in refining our exploration strategy and significantly improving the efficiency with which we can prioritise targets across our African portfolio. As we move into the next phase of work programmes and advance the long-form JV agreement, we believe this partnership positions Aterian to accelerate exploration progress and unlock the considerable potential within our portfolio.
With global demand for critical minerals continuing to grow rapidly, Aterian’s combination of a diversified African asset base and the application of advanced exploration technologies provides a strong platform from which to pursue new discoveries and long-term value creation.”
Aymeric…