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Accurate prediction of subsurface physical properties is essential in geophysical exploration, particularly in areas with limited or inaccessible borehole measurements. This study applies neural networks to predict sonic (P-wave) velocities in the Blötberget iron-oxide deposit in Ludvika, central Sweden. The dataset comprises lithological and geophysical logs from four key boreholes selected from an archive of over 400, incorporating parameters such as density, magnetic susceptibility, resistivity, gamma radiation, and lithological descriptions. Two NN models were developed: an Accurate model tuned for precision and a Generic model designed for generalization across varied geological settings. The findings demonstrate the feasibility and value of machine learning-driven property prediction in mineral exploration, supporting more cost-effective, data-informed exploration workflows, particularly in structurally complex and data-limited environments.