K2fly has added mining major Anglo American to the list of industry heavyweights using its resource governance software, signing a new A$1.44 million, three-year contract.
ASX-listed K2fly says its cloud-based resource disclosure offering allows mining companies to capture and report resource and reserve data in accordance with multi-national stock exchange and industry code compliance guidelines. It is among a suite of environmental, social and governance (ESG) compliance, disclosure and technical assurance software-as-a-service products offered by the Australian-based technology company.
“This is our first major contract with Anglo American,” K2fly CEO Nic Pollock said.
“We are pleased to collaborate with Anglo American to deliver our next generation cloud-first resource governance platform. Anglo American join a distinguished group of 18 global clients, including Rio Tinto, Newmont and South 32, that have moved to the world’s only commercial off-the-shelf solution for mineral resource governance and disclosure.”
K2fly expects to book annual recurring revenue (ARR) of A$375,000 from the deal.
The company’s share price is down 11% in the past month to 16c, capitalising it at about $28 million.