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.