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LDC2112: Can this be used for applications similar to LDC1000 ?

Part Number: LDC2112
Other Parts Discussed in Thread: LDCCOILEVM

I understand this is meant for touch applications but the size and operating currents for this device would meet my application well.   I have a very small gear that has about 0.5mm depth to the gears. I was hoping to use one of the small circular antenna on the LDCCOILEVM located about 1mm above the gear.  Would it be possible to utilize the LDC2112 in this type of application?