K2Fly’s (ASX:K2F) resource governance solution to be rolled out for Anglo American

• K2Fly (K2F) is selected by Anglo American to provide its mineral resource governance solution based on its new resource governance platform
• The three-year agreement will generate a total contract value of $1.44 million and has an annual recurring revenue of $375,000 and a $375,000 implementation fee
• CEO Nic Pollock says this is the first major contract with Anglo American, which K2Fly is “really excited” to work with to deliver the solution
• At market close, shares in K2Fly traded at 16 cents

K2Fly (K2F) has been selected by Anglo American to provide its mineral resource governance solution based on its new resource governance platform.

The agreement is for three years and will generate a total contract value of $1.44 million.

It has an annual recurring revenue of $375,000 and a $375,000 implementation fee.

CEO Nic Pollock said this is the first major contract with Anglo American, which K2Fly is “really excited” to work with to deliver the solution.

“We are pleased to collaborate with Anglo American to deliver our next generation cloud-first Resource Governance platform,” Mr Pollock said.

“Anglo American join a distinguished group of 18 global clients, including Rio Tinto, Newmont and South 32 that have moved to the world’s only commercial off-the-shelf solution for mineral resource governance and disclosure.”

The company works to deliver a suite of solutions including natural resource governance, mineral resource governance and technical assurance on a single platform.

The solutions aim to address industry challenges and help manage risk around clients’ social license to operate reportance and governance, reputation and disclosure demands.

At market close, shares in K2Fly traded at 16 cents.