Unearthed Adelaide 201510 Oct - 12 Oct
Driving Startup Style Innovation in the Resource Sector
This competition has finished.
Reducing exploration risk associated with SA IOCG systems
South Australia hosts globally significant Iron-oxide-copper-gold (IOGC) deposits such as Olympic Dam and Prominent Hill. These deposits are buried under deep cover and exploration for new discoveries in this region is high risk and very expensive. Exploration methods currently involve combining remotely sensed geophysical data with information gained through sampling of drill core to help define drill targets. Recent studies have identified a number of IOGC system indicators such as key elements, geochemical vectors and mineral alteration systems. It is highly desirable within the exploration industry to minimise the number of drill holes required to make a discovery. The goal of this challenge is to combine all available data in 3D space and produce a vector toward higher grade IOCG alteration targets.
Successful outcomes may include:
- Identifying patterns in spectral logs of drill core that provide a vector toward higher grade alteration.
- Predictive analytics, utilising a number of data types to provide a drill target or prospective region.
- Understanding which datasets best explain known IOCG deposits.
- Quantification of risk/identification of areas requiring further sampling.