ACME Lithium Inc. and ASTERRA, an Israel-based satellite technology company, have jointly announced that they have signed a teaming agreement, to utilize ASTERRA’s Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence, (“ASTERRA Technology”) to identify lithium specific targets. ACME Lithium is the first in the United States to use ASTERRA’s technology.
Further to the news release dated January 19, 2023, the recent geological field review and sampling program at Fish Lake Valley, Nevada resulted in the highest surface lithium values to date with up to 1325 ppm lithium. As a pilot project, identification of this particular high grade lithium target utilized ASTERRA’s satellite-based technology.
The use of ASTERRA’s technology produced approximately double the likely locations of lithium above 100 parts per million (ppm) over traditional methods of geochemistry exploration. These values were located at coordinates pinpointed by ASTERRA’s satellite technology, with the results confirmed by an independent lab.
“This collaboration and initial case study with technology leader ASTERRA confirms historical and new lithium occurrences on the property and that certain areas are enriched in lithium. We are excited to move forward with ongoing work at multiple projects,” added Steve Hanson, President and CEO of ACME Lithium.
“The use of ASTERRA technology in collaboration with ACME Lithium drives an unprecedented efficiency in the high-cost activity of identifying lithium showings and potential deposits,” said Elly Perets, Chief Executive Officer of ASTERRA.
ASTERRA’s complex artificial intelligence (AI) and machine learning algorithms extract the signal of lithium concentration underground from satellite-based PolSAR data and can potentially pinpoint locations containing various grades of lithium. This technology could give ACME a way to find targeted locations of lithium while potentially reducing exploration time and costs.
ACME and ASTERRA are currently evaluating a second project utilizing this new ground breaking technology.