India's First Exploration Licence Auction and AI-Driven Mineral Targeting Hackathon Launched

The Ministry of Mines, in collaboration with the Government of Goa, organized a landmark event on March 13, 2025, to launch India’s first-ever auction of Exploration Licenses (ELs). Union Minister G. Kishan Reddy and Chief Minister Dr. Pramod Sawant inaugurated the auction of 13 EL blocks, targeting critical minerals such as Rare Earth Elements (REE), Zinc, and Copper. This auction aims to enhance mineral exploration, increase private sector participation, and reduce India’s import dependency. Furthermore, an AI Hackathon focused on ‘Mineral Targeting using AI’ was also inaugurated during the event, leveraging technology to improve mineral discovery. Certificates were awarded to three newly recognized Private Exploration Agencies as part of the initiative. Discussions at the accompanying review meeting highlighted the importance of sustainable and responsible mining practices.