ASX microcap Delta Drone International says it has formalised a two-year contract with Vedanta Zinc subsidiary Black Mountain Mining to provide drone surveying services in southern Africa.
Vedanta Zinc, which operates the Gamsberg zinc mine in South Africa’s Northern Cape region and the Skorpion zinc refinery in southern Namibia, is part of India’s US$14.7 billion mining and metals group, Vedanta Limited.
Delta Drone said it was already eight months into the circa-A$281,000 contract. Annual recurring revenue was $211,000.
The company has a current market value under $3 million.