""I hate delays," Teslyuk said, emphasizing the frustration with the slow pace of data acquisition. The labs processing rock samples have backlogs of around two months, which have recently doubled due to increased interest in mineral exploration. "We're 7 km behind - 7,000 meters of samples we don't have data about.""
""Since we ramped up the drilling capacity, we started getting these massive delays," Teslyuk explained. Earth AI's models have successfully highlighted potential mining areas, but the confirmation of mineral presence requires drilling and lab analysis. "We don't know whether we hit gold or not. We can't see it with our eyes.""
""By establishing our own labs, we hope to bring the processing time down from five months to five days," Teslyuk stated. This initiative aims to enhance efficiency during the exploration phase, allowing for better data collection and cost reduction by ensuring drilling occurs in the most promising locations."
Earth AI, led by Roman Teslyuk, is focused on finding critical minerals in Australia. The company has faced significant delays in processing rock samples due to lab backlogs, which have increased from two months to over four months. To address this issue, Earth AI plans to set up its own labs, aiming to cut processing time from five months to five days. While the AI models effectively identify promising mining locations, drilling and lab processing remain essential for confirming mineral presence and distribution.
Read at TechCrunch
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