K2fly Limited (ASX:K2F) has signed an initial one-year contract with BHP Iron Ore for K2fly’s Ground Disturbance Solution to cover its entire iron ore operations in the Pilbara of Western Australia.
BHP’s agreement with K2fly will generate ARR of A$620,000 and has a TCV of A$2.12 millon (including nonrecurring implementation fees).
Western Australia Iron Ore (WAIO) is an integrated system of four processing hubs and five mines, connected by more than 1,000 kilometres of rail infrastructure and port facilities in the Pilbara region.
It produces over 245mt of iron ore annually making it one of the top five producers of iron ore globally.
K2fly is a leading provider of Resource Governance solutions for ‘net positive impact’ in Environmental, Social and Governance (ESG) compliance, disclosure, and technical assurance. It focuses on the operations of mining and asset intensive industries through our platform-based SaaS cloud solutions.
Sitting within K2fly’s Natural Resource Governance area, K2fly Ground Disturbance solution is a cloud-based SaaS platform for applying, approving, tracking, reporting and submitting closure of permits and rehabilitation commitments surrounding ground disturbance activities.
K2fly’s Ground Disturbance Solution is the only COTS solution available in the market today and is transforming the way resource and infrastructure landowners manage and govern their land assets, enabled by delivering spatial first visibility, speed and efficiency in understanding and decision making, and collaboration for the users across the spectrum of Land Management.
We are delighted to be starting our relationship with BHP, who will join many other tier 1 global mining companies as a valued client of K2fly,” Nic Pollock, CEO of K2fly, said.
“Our Ground Disturbance Solution is the only system which helps provide better transparency and governance whilst avoiding damaging the environment or protecting cultural heritage and ensuring all stakeholder engagement and obligations are met.
“Because of recent events in the Pilbara, the world’s attention is very much focused on how mining companies ensure that they better protect the environment, cultural heritage sites and engage with communities.
“This is a global trend and because K2fly offers the world’s only COTS solution for the range of natural resource governance and ESG issues that mining companies are addressing today, we are expecting this solution to become standard across many mining companies and across all jurisdictions.
“This project is one of the key projects that we have been investing in resourcing ahead of to be able to deliver a great outcome for all our current and prospective clients.”