“A startup using AI to guide geologic exploration believes it has found a major Australian deposit of indium, a rare metal used in solar panels, LCD screens and semiconductors…

The company, which recently raised a $20 million Series B round, told Axios exclusively that it located signs of a deposit on an outcropping roughly 310 miles northwest of Sydney.

Some assays show up to 117 parts per million and multiple samples show over 20 ppm.

‘Ore grades for Indium typically begin at 1 ppm In, underscoring the high-grade nature of this outcrop,’ the announcement states.”

From Axios.