b'CommitteesASEG newsASEG Technical Standards Committee: Update on JORC adviceA sub-committee has been formedexploration reporting is seen asinformation and to geophysicists co-to discuss how the ASEG can bestless specific, most ASX resourcessigning ASX releases.advise those using geophysical datarelated releases are explorationWhilst the sub-committee is relatively and information in public reports. Thereports and anything designed tosmall in order to stay workable for owners of JORC (AIG, AusIMM, MCAfix problems at the mining end ofnow, the group welcomes any advice and the ASX) are pushing towardsreporting will filter down in someor questions. We can be contacted via recognising competent teams thatway to exploration. Best practice intechnical-standards@aseg.org.au.cover a number of specialities, ratherreporting geophysical information than having a single person sign offto stock exchanges (working title)Tim Keeping on ASX releases, particularly releaseswill act as a guide both to geologistsASEG Technical Standards Committee Chair relating to resource estimates. Whileincorporating geophysical data andtechnical-standards@aseg.org.auBreaking news: SensOre acquires Intrepid Geophysics.On the 5th of July 2022 SensOre Ltd (ASX: S3N) informed the Australian Stock Exchange that it had reached an agreement to acquire Intrepid Geophysics, a leading provider of geophysics software and services headquartered in Melbourne, Australia, with distributors and resellers globally.The deal valued Intrepid Geophysics at $5 million. SensOre will pay $1 million cash, and issue stock worth $3 million to Intrepids vendors, equivalent to 6.2% of the company based on 70c per share, plus a deferred cash payment of $1 million that will become due after one year but is contingent on several performance milestones including key personnel retention. The deal will be primarily funded through the issue of new fully paid ordinary SensOre shares.SensOre was formed in 2018 and has offices in Melbourne and Perth. The company aims to become the top performing global minerals targeting company in the world, optimising discovery and enhancing exploration performance through deployment of big data, AI / machine learning technologies and geoscience expertise. Ex-BHP staff Tom Whiting and Nic Limb were involved the companys formation. Nic Limb is currently a Non-executive director. Other members of staff that will be well known to Preview readers are Alf Eggo, the Chief technology officer, and Thong Huynh, the Principal geophysicist.SensOre Chief Executive Officer, Richard Taylor, said: Acquiring Intrepid Geophysics is a major opportunity for us. Intrepid Geophysics deep geoscience and machine learning expertise in geophysics complements SensOres geochemistry and economic geology focus for targeting in mineral exploration. Demand for advanced geophysics software is strong and deployable globally. Intrepid Geophysics years of product leadership, data collation and collaboration with government geological surveys will benefit SensOres data platform development and client service offerings. We are looking forward to integrating Intrepid Geophysics exceptional talent with our team of innovators. Intrepid Geophysics Managing Director, Dr Desmond FitzGerald, said: The combination of SensOre and Intrepid Geophysics will unlock growth opportunities in a strong market for high level exploration targeting. We look forward to being part of a growing and exciting geoscience group.Intrepid Geophysics (formerly Desmond FitzGerald & Associates Pty Ltd) was founded in 1978 by Des FitzGerald as an independent consultancy specialising in the use of computer methods for mining and geophysics. In the 1990s Des led the development of the Intrepid Geophysical Processing System, which began with an amalgamation of the successful BHP Pitts and BMR ARGUS geophysical processing systems, but under Des leadership was developed into a world-class, flexible, adaptable system to allow both GUI-based interactive and batch processing of potential field and radiometric data.As well as the Intrepid data processing system, Des was instrumental in the development of the Jetstream data management and delivery system that is at the core of the GADDS data delivery system used to deliver geophysical data collected by Geoscience Australia and state and territory surveys to the exploration industry.Intrepid Geophysics has distributors active in Australia and Namibia, and resellers active in India, China, UK, Europe, southeast Asia and the Americas. The company and its distributors employ more than fifteen geophysicists, software developers and a range of professional support staff. The companys products have found a home in a range of sectors and industries including government, academia, minerals exploration, petroleum (oil and gas), hydrogeology, geothermal energy and geotechnical engineering. Intrepid Geophysics has long-term contractual agreements with over 20 geological surveys and a number of mining and oil and gas companies.The software for which Intrepid Geophysics is renowned includes: Intrepid 3D, Moskha EM, Argus, JetStream II and Sea g Marine Gravity.Des Fitzgerald is a legend in exploration geophysics and has won numerous awards including the ASEGs Graeme Sands Award in 2016. The Preview editorial team is hoping that the acquisition of Intrepid Geophysics by SensOre will mean that Des might have some time to share highlights of his career with Preview readers. Niels Christensen is showing him the way!7 PREVIEW AUGUST 2022'