AEROMETREX LIMITED — Capital/Financing Update 2020

Mar 12, 2020

13 March 2020

ASX Announcement (AMX)

Aerometrex wins $1million of Queensland Government aerial imagery contracts

AMX has won 5 projects of the Queensland Government’s SISP Aerial Imagery program Total of work won is $1.0 million + GST

Key projects include SE Queensland and Surat Basin North

Rural and Remote towns to have high-quality imagery coverage

Aerometrex Limited (“AMX”) is pleased to announce that the company has won 5 projects of the Queensland Government’s Spatial Imagery Subscription Program, managed by the Department of Natural Resources, Mines and Energy, totalling $1.0 million + GST.

The projects won include:

• South East Queensland 10cm

• Surat Basin North 20cm

• North Queensland 10cm

• Remote Towns North 10cm

• Rural Towns 10cm

The South East Queensland aerial survey covers an area of 12,365 km2 from Noosa Heads in the north to the NSW border, and west to Toowoomba at a very high resolution of 10cm GSD (Ground Sample Distance, or pixel size on the ground)

The Surat Basin North area, at 149,362 km2, is one of the largest aerial surveys conducted in Australia at a resolution of 20cm GSD, which is 2.1x more resolution than the best available commercial satellite imagery.

The North Queensland survey covers 17 towns from Cape Tribulation to Kennedy, including Cairns and Innisfail. Aerometrex has surveyed these towns for the Queensland Government every year since 2015.

Remote and Rural towns coverage comprises 10cm imagery to be captured over 23 towns in western and north-western Queensland.

The work is to commence from April through to July and will conclude in Q3 & Q4 2020.

Aerometrex has been a long-time supporter of the Queensland Government’s aerial surveying programs since 2009 and has regularly been awarded work under this annual SISP program.

Aerometrex employs 30 staff in Queensland and has based its LiDAR operation at Buderim on the Sunshine Coast and at Brisbane’s Archerfield Airport.

Aerometrex’s Managing Director Mark Deuter commented, “We are pleased to be providing our highquality imaging service to the Queensland Government programme again this year. Speaking as someone who grew up in outback and rural Queensland, it is particularly pleasing that regional and rural towns will be receiving the same high standard of imagery and data as the urbanised areas of South-East Queensland. We look forward to another successful execution of the programme in 2020.”

This release is approved by the Board of Directors of Aerometrex Limited.

• ENDS –

ADDITIONAL INFORMATION

For further information, contact as below:

Mark Deuter – Managing Director

P: +61 8 8362 9911

E: investorrelations@aerometrex.com.au

W: https://aerometrex.com.au/asx-announcements/

Metromap: www.metromap.com.au

ABOUT AEROMETREX

Aerometrex Limited is a professional aerial mapping business specialising in aerial photography, photogrammetry, LiDAR, 3D modelling and aerial imagery subscription services.

The company listed on the ASX in December 2019 to raise capital to fund its growth. The company has a clear strategy to provide value to its shareholders by providing high-quality, accurate aerial imagery and LiDAR products to a growing client base.

AMX has strong Board and Executive teams, with a combined staff experience in the industry of 930 years total.