Diversified mining and metals company South32 (ASX:S32), via Hotazel Manganese Mines, has signed a 5-year contract with global drones-as-a-service provider RocketDNA (ASX:RKT) for services at several mine sites.
This contract represents total contract value (TCV) of $1.18 million and annual recurring revenue (ARR) of $236,000. Under the contract, RocketDNA will provide drone surveying at 2 South32 mine sites.
The contract comes following confirmation by independent federal agency US Federal Permitting Improvement Steering Council that South32’s wholly owned Hermosa Project in Arizona will be the first mining project added to the FAST-41 process, as announced by South32 in May this year.
This confirmation was reported to have paved the way for a Feasibility Study to be completed at South32’s Taylor zinc-lead-silver deposit in the second half of 2023.
South32 is a global mining and metals company focused on producing commodities that are used in many aspects of modern life. Its operations, development options and exploration programs are diversified by commodity and geography.
RocketDNA, formerly Delta Drone International, is an ASX-listed multinational drone-based data service and technology solutions provider for the mining, agricultural, and engineering industries.
The company offers services encompassing aerial surveying and mapping, security, blast monitoring and fragment analysis through a fully outsources service with AI and fast data turnaround.
Write to Adam Drought at Mining.com.au
Images: South32 Ltd & RocketDNA Ltd
