While the company is called Goldspot Discoveries Inc, it is actually commodity-agnostic.
Given the massive amounts of data generated by mineral exploration, using AI and machine learning to develop exploration targets seems like a natural fit for the mining industry.
The future will belong to those that can mine data and harness the power of AI and machine learning.
As it is a data derivative approach, mining companies will no longer be betting on the jockey (geologist).
A long video at 57 minutes with the Goldspot CEO, but at the 22-31 minute mark is the key IMO:
Apparently, it takes Goldspot 4-8 months (depending on the size and the amount of data) to sort and stitch the data together for each project and develop exploration targets for drilling.
Cheers
These are only my random thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
