Fleet Space Technologies is delighted to announce a major new contract with Core Lithium.
The contract, which comes into effect in May of 2023, will see Fleet’s pioneering, satellite-based, mineral exploration system, ExoSphere, deployed across Core’s tenements in the Northern Territory of Australia. Core was also successful in applying for the co-funding of a tenement-wide deployment of Exosphere at its Shoobridge Project in 2022, under round 15 of the Geophysics and Drilling Collaborations program. .
This follows successful results of a collaborative trial between Core Lithium and Fleet Space Technologies at the BP33 prospect. In August of 2022 the company jointly announced the successful conclusion of survey trials. In a statement, Core Lithium described the results of the trial as ‘an outstanding success,’ noting an ‘excellent correlation with the pegmatite body interpreted from drilling to depths in excess of 500m’ and stating that ‘a number of previously unknown targets have emerged – a major boost for exploration.’
Core is using ExoSphere to accelerate its lithium exploration activities, in line with its vision to provide high-grade lithium for electric vehicle (EV) and renewable energy storage applications worldwide.
The successful discovery of lithium, cobalt, copper and nickel is essential to the global transition to clean-air mobility. Global EV demand cannot be met unless the pace of discoveries dramatically increases. The World Economic Forum states that the world’s battery capacity must grow 40 times larger than what is available today to meet capacity demands.
Developed by Fleet Space at the firm’s headquarters in Adelaide, Australia, ExoSphere is a pioneering exploration system that delivers detailed, 3D subsurface images in days, rather than months required using conventional techniques. An array of satellite-enabled geophones, called Geodes, use edge computing to analyze ambient seismic noise collected by Ambient Noise Tomography (ANT). Geodes are up to 10 times more sensitive than existing nodal geophones, increasing accuracy and depth of results. This data is then rapidly processed and transmitted through Fleet’s low power satellite network.
What ExoSphere can do for Core is enable direct detection of pegmatites to increase the probability of success in drilling. This results in less drilling, less cost, less time to discovery and less environmental disturbance.
The contract includes the Geodes, planning and deployment support, and real-time processing and delivery of 3D shear velocity models for one year.
About Fleet Space Technologies
Fleet Space Technologies is Australia’s leading space company. Fleet operates from a state-of-the-art HQ in Adelaide, South Australia, and has recently expanded internationally to the US, which are global centers of excellence in space and advanced aerospace technologies. At Fleet, we are Explorers with a mission to connect the Earth, Moon and Mars and our team has rapidly grown to over 80 employees in the last 6 months. Fleet designs, builds and operates a constellation of micro satellites which delivers universal connectivity across the globe. Following an oversubscribed Series B funding round, Fleet will continue to build a constellation of 288 satellites.