AI-powered mineral exploration company KoBold Metals and its joint venture (JV) partner Bluejay Mining plan to start exploration drilling for critical materials used in electric vehicles, in Greenland.
Created by Bluejay and KoBold Metals, the Nikkeli Greenland JV will undertake the 2022 work programme at the 2,776km² Disko-Nuussuaq (Disko) project at the southwest coast of Greenland.
KoBold owns a 51% stake in the Disko magmatic massive sulphide (MMS) nickel-copper-platinum-cobalt project, which is operated by Bluejay Mining.
Slated to start in early June 2022, the exploration work will target ‘massive’ nickel, copper, cobalt and platinum group metals (PGM) bearing sulphides.
Bluejay Mining CEO Bo Møller Stensgaard said: “Not only will the field programme test already defined geophysical and geochemical anomalies – it will also collect new high-quality data from cutting-edge geophysical and geochemical data sets that will be used to further validate and identify drilling targets.
“The platform and algorithms that KoBold apply will provide a higher degree of confidence in targeting.”
Forage Fusion Drilling has been selected to conduct 3,000m of diamond drilling at the north coast of Disko to validate geological models and existing anomalies.
Furthermore, EarthEx Geophysical Solutions will carry out unmanned aerial vehicle (drone)-based high-resolution magnetic surveys over several target areas.
KoBold Metals CEO Kurt House said: “Fully electrifying the global economy is our generation’s greatest challenge; to accomplish that lofty goal we must accelerate our efforts to find the key materials for the EV revolution.
“Our proprietary library of analytical tools, Machine Prospector, will enable effective deployment of exploration capital and maximise our chances of discovery in Greenland working in partnership with Bluejay.”
Principal investors of KoBold include Bloomberg founder Michael Bloomberg, Amazon founder Jeff Bezos, and Breakthrough Energy Ventures, a climate and technology fund backed by Microsoft co-founder Bill Gates.