South32 signs Kalahari drone survey contract

ASX-listed microcap RocketDNA has signed a five-year, A$1.18 million contract to provide drone surveying services at South32’s Kalahari Basin manganese operations in South Africa.

The agreement covers South32 unit Hotazel Manganese Mines’ two mines in the Northern Cape area.

RocketDNA, formerly Delta Drone International, says the work will generate about A$236,000 of annual recurring revenue (ARR).

The company’s share price dipped more than 8% today but is up 10% in the past month, capitalising it at A$7 million.

RocketDNA recently signed a “drones-as-a-service” contract at a gold mine in the Democratic Republic of Congo that marked its first integrated sale combining partner Strayos’ AI data and visualisation platform with its drone-based offering.

 

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