- K2fly (K2F) has signed a five-year contract with Alcoa USA for its RCubed Resource Inventory solution
- The software as a service (SaaS) contract is valued at $573,600 and will see the RCubed Resource Inventory solution roll out to six sites globally
- RCubed is a secure, cloud-based platform which enables mineral resource and reserve governance, compliance and reporting
- K2fly is up 1.54 per cent, trading at 33 cents per share
K2fly (K2F) has signed a five-year contract with Alcoa USA for its RCubed Resource Inventory solution.
Headquartered in Perth, K2fly offer technical assurance solutions for environmental, social and governance performance.
The software as a service (SaaS) contract with Alcoa, valued at $573,600, will see the RCubed Resource Inventory solution roll out to six sites globally.
RCubed is a secure, cloud-based platform which enables mineral resource & reserve governance, compliance and reporting. The platform reduces overhead and improves efficiencies and accountability for the teams involved in mineral resource inventory.
“We are delighted to be working with Alcoa as another NYSE listed user of our governance and reporting software and also an important operator in Western Australia,” said K2fly Chief Commercial Officer, Nic Pollock.
Alcoa is one of the world’s largest bauxite miners, also specialising in the production of alumina and aluminium, with mines in Australia, Brazil, Guinea and Saudi Arabia.
This demand trend is expected to continue with further multi-year contractual negotiations in the pipeline.
K2fly is up 1.54 per cent, trading at 33 cents per share at 11:30 am AEDT.