PX4 has announced its exclusive research partnership with QUT to further develop PX4’s AI and Natural Language Processing (NLP) tool, PEAK, in a bid to meet worldwide demand for critical minerals.
Fulfilling this demand is key in transitioning to a global clean and green future, and the process involves locating, defining, approving, and extracting minerals to build the necessary infrastructure for green energy.
To support the expected growth in exploration and mining industries to meet critical mineral demand during this transition, PX4 has focused on developing a multi-jurisdictional tenement, agreement and approval management solution.
The 6-month project partnership with QUT is at the forefront of innovation in AI developments for legislative purposes and will examine the effectiveness of AI development at PX4 through PEAK, as well as help categorise legislative ambiguity and the distinction between prescriptive and non-prescriptive clauses within statutes.
PX4 General Manager, Toby Carrigan, said the partnership was the first of its kind where legal scholars from QUT would analyse legislative text and compare that text with the information that had been extracted using PX4’s AI tool.
“We have been developing PEAK for nearly 24 months with the tool identifying the variances and changes in legislation across international jurisdictions,” Mr Carrigan said.
“We are amid two storms—an unprecedented demand for minerals to help satisfy the insatiable renewable energy targets; as well as an AI frenzy that everyone and everything will be influenced by.
“PX4’s software helps to weather these storms; making compliance easy, assisting companies worldwide apply and maintain their exploration and mining licences, while also providing good governance (ESG) in a bid to find and process the minerals needed for green energy,” he said.
Mr Carrigan said the partnership was another positive step towards PX4’s commitment to provide its clients with the most innovative, efficient, up-to-date, and auditable tenement management software available.
“The partnership of tenement management expertise over more than 30 years and technical ability makes PX4 the most applicable software for tenement management on the market. This is further reinforced by our partnership with QUT,” he said.
Professor Mark Burdon, QUT School of Law Director of Research, said: “AI is making all industries rethink how they do business. We look forward to researching this innovative space and working with the PX4 team.”
Image: LR Bill Haylock, Prof Anne Huggins, Donna Gaffney, Prof Mark Burdon.
