K2fly has been awarded a multi-year mining technical assurance contract with Australian miner Roy Hill at its iron ore complex in Western Australia’s Pilbara region.
The drone software services group said the five-year deal carries a value of A$2.44 million and includes automated ore blocking, model management and mine geology data management. It is K2fly’s first contract for its full SATEVA mining technical assurance program, which it acquired late last year.
Both parties are hoping that the use of the SATEVA suite can boost the mine’s ore excavation and short-term scheduling, grade recoveries and add value overall. K2fly called the deal a “significant expansion” in its relationship with the operator, who had previously used SATEVA before it became K2fly-owned.
“We are delighted to expand our relationship with Roy Hill across the technical assurance suite and are very excited by the opportunities for both companies that will come from this contract and further solution collaborations,” K2fly CEO Brian Miller said. “Roy Hill and its management have been a great partner to SATEVA and now K2fly.”
The Roy Hill operation, considered Australia’s largest iron ore mine, produces about 60 million tonnes annually and plans to expand that to 70 Mt per year.