Aclara Resources Inc., a mining company developing a rare earth project in Penco, Chile, has received funding from the Chilean Economic Development Agency (Corfo) to apply artificial intelligence (AI) to its exploration activities. This funding will be used to develop advanced machine learning models to interpret complex data and revolutionize rare earth exploration, particularly in ionic clay deposits.
The AI algorithms will process large volumes of geological and geospatial data, organized in a centralized database. The models will leverage information generated by the company, as well as third-party datasets. The AI system will provide real-time access to critical information and integrate field data from Aclara’s exploration team.
This technology will enable the company to rapidly process vast amounts of data, identify high-potential exploration targets, optimize operational efficiency, reduce costs, and minimize environmental impact. Aclara’s CEO, Ramón Barúa, believes that early adoption of AI is key to developing a sustainable competitive advantage.
Corfo’s funding will allow Aclara to accelerate the development of an AI model specifically designed to generate high-probability exploration targets. While Aclara is already advancing two world-class ionic clay deposits, the company remains committed to exploring new areas to expand its asset portfolio. AI models have already successfully identified and defined exploration targets within timelines and costs previously considered unfeasible.
Source: DF
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