OZ Minerals asks – can open data and A$1 million change exploration?
The Explorer Challenge is on for explorationists from around the world to find new targets at the Mount Woods tenements of the Prominent Hill copper-gold project.
This is a crowd sourced challenge offered by OZ Minerals to peruse over 2 TB of its project data and pinpoint the most promising drill targets.
The contest runs until the end of May 2019.
The winning models will be tested in real life, with the top predictions to be drilled during 2019.
OZ Minerals CEO Andrew Cole believes that finding ways to work smarter with all the data on hand is the way of the future. He would expand traditional borders to bring together people with different skill sets.
“The iterative process of collecting different datasets, followed by geological interpretation can take a long time,” he said. “The Explorer Challenge is one way we can speed up the exploration lifecycle and analyse information at a much faster rate.”
OZ Minerals and the open innovation platform Unearthed have partnered on this challenge and put up a prize pool of A$1 million.
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.
