Drone inspecting mine
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

RocketDNA (ASX:RKT) has sent off its first ‘xBot’ autonomous mine asset inspection autonomous drone package to the Congo’s Kamoa Copper.

The first of its xBot products to be sent off for mines across the seas, RocketDNA’s tech will help the company specifically perform critical inspections on chimney stacks, rooftops, and conveyer belts and smelters.

However, shares in the microcap dipped -7% on Tuesday morning to 1.3cps – perhaps because the value of the contract is only US$62,000.

This comes in well below the drone company’s recent $300,000 contract to provide a ‘patrolbot‘ to another similar client, with that product of the company’s being an earthbound equivalent to the xBot drone.

This was backed up by comments in the relevant HotCopper announcement thread on Tuesday.

“I would’ve hoped that we’d be charging a smidge more for such a great product and service,” user Nickynoonah wrote.

“$62k isn’t even worth announcing. Barely covers one directors fee for 12 months,” another user – Burge13 – wrote in kind.

At least one user was more optimistic on the sale shoring up the path to higher-valued future contracts – and to be fair, the nature of the deal will probably have some eyes on Kamoa, especially if RocketDNA can do what its truly trying to do – cut down on labour costs for inspections.

While the company goes on a lot about AI on its website, that’s the ultimate value proposition, here.

“Our xBot technology is purpose-built for challenging environments like mining … this first deployment in the DRC underscores our commitment to supporting enterprise customers with cutting-edge technology,” RocketDNA CEO Christopher Clark said.

RKT last traded at 1.3cps.

Join the discussion: See what HotCopper users are saying about RocketDNA and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

RKT by the numbers
More From The Market Online
Uranium ore in a mine

AR3 hits shallow, calcrete-hosted uranium at Overland, across 1km zone

Australian Rare Earths Ltd has conducted drilling at its Overland project in South Australia which has…
The Market Online Video

ASX Market Open: Wall Street returns to sell-off trend ahead of Fed policy decision | March 19, 2025

The Aussie market is expected to open lower today, echoing falls across the three Wall Street…
Gold silver and copper

Great Western predicts large VHMS system after one hole program at Oval

Great Western Exploration Ltd has drilled one hole into its Oval target in Western Australia, yielding…
The Market Online Video

ASX Market Close: Index pares gains, Gold hits new record | March 18, 2025

The ASX200 pared early gains to close up by a sliver of less than a tenth of a percent at 7860 points.