Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ROCKETDNA LTD. Capital/Financing Update 2024

Dec 5, 2024

65709_rns_2024-12-05_1c20e01a-a3a6-4354-a799-ab9adebdc7d6.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [601 x 95] intentionally omitted <==

ASX Announcement

Anglo American Subsidiary Drone Services Contract Update

HIGHLIGHTS

  • Anglo American has provided notice to cease RocketDNA’s security services, following the demerger of its Platinum Group Metals business

  • RocketDNA retains key components of the Anglo American contract, with drone-based surveying services continuing post-restructuring

  • RocketDNA remains confident in its positioning for future opportunities within Anglo American’s restructured entities

6 December 2024, RocketDNA Ltd (ASX: RKT ) ( RocketDNA or the Company ), a technology service company that leverages AI and Autonomous Drones to provide mission-critical services for enterprise customers, announces an update regarding its engagement with Rustenburg Platinum Mines Limited, a subsidiary of Anglo American plc ( Anglo American (LON:AAL).

The original contract, recently extended in August 2024 (see ASX Announcement 8 August 2024), included drone-based surveying services and security monitoring across multiple South African mining operations.

The security monitoring component of the contract will cease as part of Anglo American’s strategic focus on reshaping its portfolio, which includes the demerger of its Platinum Group Metals business and a realignment of operations around its core assets in copper, premium iron ore, and crop nutrients.

Importantly, the drone-based surveying component of the contract will remain in place, underscoring the value RocketDNA delivers to Anglo American’s operations. The drone-based surveying services value, combined with the security monitoring services delivered prior to the end of the notice period, will have achieved a total of 46% of the original contract. The updated Total Contract Value at outset would have been A$ 1.251m/ ZAR 14.555m, of which A$0.406m / ZAR4.724m has been realised to date. The updated Annual Recurring Revenue of the contract, being the surveying component only, is A$0.367m / ZAR4.269m.

Strong Partnership and Future Prospects

RocketDNA is proud of its collaborative relationship with Anglo American and the value its innovative drone-based solutions have contributed during this engagement. RocketDNA will work closely with Rustenburg Platinum Mines Limited during the notice period to ensure a smooth conclusion of services.

The Company is confident that these demonstrated benefits position it for future opportunities and potential new arrangements with the restructured entities post demerger.

-ENDS-

==> picture [612 x 72] intentionally omitted <==

==> picture [601 x 95] intentionally omitted <==

This announcement has been authorised for release by the Board of RocketDNA Ltd .

For more information, please contact:

Christopher Clark Mark Flynn Managing Director & CEO Investor Relations [email protected] [email protected] +61 (0)8 6245 9194 +61 (0) 416 068 733

RocketDNA Ltd (ASX: RKT) is a multinational drone-based data service and technology provider, listed on the ASX, offering aerial surveying, mapping, security, surveillance, and asset inspection for enterprise customers in the mining, agricultural, and engineering sectors. Through fully-outsourced, AI-driven solutions, RocketDNA remotely operates drone systems, enabling customers to focus on ground operations while ensuring fast data turnaround. The company generates revenue through multi-year contracts and short-term projects with major clients, including Tier 1 and Tier 2 miners such as South32, Newmont, Vault Minerals, and Seriti Coal. RocketDNA operates primarily in Australia and Africa, with regional offices in Perth, Johannesburg, and Accra.

==> picture [612 x 72] intentionally omitted <==