Multi-national drone-based data service and technology solutions provider Delta Drone (ASX:DLT) reports it has signed a contract with SFTP Mining through its subsidiary company Rocketmine for drone surveying services across two mines in the Ivory Coast.
The contract is reported to be active for about a year and a half with a Total Contract Value (TCV) of AU$341,000 and an annual Recurring Revenue (ARR) of AU$227,000.
Under the contract, the company’s services will include aerial surveys and mapping, stockpile volumetric calculations, as well as geospatial haul-road optimisation for SFTP on a gold mine in the Ivory Coast that is currently owned by a leading TSX-listed gold miner.
“We are very excited at the opportunity to expand our services across West Africa into Côte d’Ivoire”
Speaking on the contract, Delta Drone Chief Executive Officer (CEO), Christopher Clark said: “We are very excited at the opportunity to expand our services across West Africa into Côte d’Ivoire, through our agreement with SFTP Mining.
Combining our on-site Drone Services with our new AI and Geospatial software capability, DLT will give SFTP the assurance it requires when reconciling its volumes with its customer, while optimising load and haul operations on-site.”
The company also notes that the contract is subject to standard termination clauses and may be terminated by SFTP with 30 days notice within the first 3 months.
Following the 3 month period, SFTP may terminate with 30 days notice subject to the termination fee amounting to the remaining value of the contract term.
Delta Drone is an ASX-listed global drones-as-a-service provider that is pioneering the adoption and development of the latest global technologies to serve the evolving Minerals, Engineering, Agriculture, Medicine and Energy markets.
The company is internationally deployed via 5 established territories through a 100+ enterprise fleet and is working to vastly reduce operational and capital expenditure of traditional and in-house solutions, while also ensuring continuity and site intelligence.
Services that the company offers range from aerial surveying and mapping, security and surveillance, blast monitoring and fragment analysis through a fully-outsourced service with AI and fast data turnaround that allows enterprise customers to focus on operations on the ground.
Delta Drone’s operations are focused on Australia and Africa with regional offices in Perth, Johannesburg and Accra.