RocketDNA signs long-term contract with Calidus Resources subsidiary

On 26 March 2024, RocketDNA Ltd (ASX: $RKT) announced the signing of a long-term contract with Keras (Pilbara) Gold Pty Ltd, a subsidiary of Calidus Resources Limited, for the deployment of its autonomous xBot® solution in Western Australia. The 3-year contract has a Total Contract Value (TCV) of AU$376k and Annual Recurring Revenue (ARR) of AU$115k.

Executive Commentary on the Contract

Calidus Resources Managing Director David Reeves expressed excitement about the partnership with RocketDNA, highlighting the operational efficiencies the autonomous xBot® solution will bring to their satellite open pit operations. RocketDNA CEO Christopher Clark emphasized the significance of the contract, showcasing the breadth of their product suite and the confidence in the timing of their expansion to meet the growing market sector.

Summary of RocketDNA's Contract Announcement

RocketDNA (ASX: $RKT) has secured a significant long-term contract with Calidus Resources subsidiary for the deployment of its autonomous xBot® solution in Western Australia. The contract, with a Total Contract Value (TCV) of AU$376k and Annual Recurring Revenue (ARR) of AU$115k, includes the supply and maintenance of the SurveyBot® drone-in-a-box surveying system, remote operation from RocketDNA's Remote Operating Centres, Strayos AI software license, and RocketDNA SiteTube data visualisation platform. The deployment at a satellite open pit operation is expected to generate substantial operational efficiencies for Calidus Resources. RocketDNA is confident in the timing of their expansion to capitalize on the growing market sector and is focused on gaining area approval by the Civil Aviation Safety Authority (CASA) to proceed with the contract.