Fleet Space Technology lithium trial lift off

Firm announce successful run of its Ambient Noise Tomography tech.

Australian-based Fleet Space Technologies has announced a successful trial of its Ambient Noise Tomography (ANT) technology that locates critical lithium deposits.

The trial was commissioned by Australia’s newest lithium miner, Core Lithium, at its Finniss Project in Australia's Northern Territory.

In a statement to the Australian Securities Exchange, 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 – which it says is a major boost for exploration.

Core Lithium’s Finniss Project will be Australia’s newest lithium producer on the ASX Australian Securities Exchange, with first production targeted for Q4 2022. It has been awarded Major Project Status by the Australian Federal Government.

Matt Pearson, Co-Founder at Fleet Space Technologies explains, 'By harnessing the power of Fleet’s ExoSphere technology, we are able to scan the earth in greater depth and detail than ever before. This cleaner, faster and more flexible approach to exploration answers the urgent global requirement to find more than $13 trln in critical earth transition minerals.'