AngloGold contracts drone services for Sunrise Dam

AngloGold Ashanti will use an external drone survey firm to perform monthly aerial surveying of ore stocks and tailings at its large Sunrise Dam gold mine in Western Australia under a new contract.

ASX-listed microcap Delta Drone International says a two-year, A$307,000 contract with AngloGold adds $154,000 of annual recurring revenue to its order book. The company has been providing ad-hoc drone survey services to the gold producer through its operating arm, Rocketmine WA.

“We are very pleased to have converted AngloGold Ashanti from being a regular project-based customer to a multi-year term partnership,” Delta Drone CEO Christopher Clark said.

“AngloGold Ashanti will immediately benefit from our long-range BVLOS and above-400ft approvals, allowing us to capture and processes all their geospatial requirements more quickly and efficiently.”

Delta Drone reported revenue for the 12 months to December 31, 2022, of A$5.73 million, up 25% year-on-year, and a $1.9m net loss for the period.

It says the commercial drone services spend across Australia’s mining, agriculture and construction industries in 2020 was about $620 million and could be more than four-times that level by 2030.

Delta Drone’s share price has been flat year-to-date, capitalising the company at $5.6m.


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