K2fly signs three-year deal with mining giant Newmont for RCubed resource governance solution

K2fly Ltd (ASX:K2F) has signed a 3-year SaaS contract with gold mining giant Newmont Corporation (NYSE:NEM) (TSE:NGT) to begin implementing the RCubed resource governance solution for its global operations.

The software solution will capture and prepare resources and reserves data to report from all 12 operating mines as well as joint ventures and projects across global operations to the NYSE, TSX and investors.

K2fly chief commercial officer Nic Pollock said, “We are so proud to have Newmont as a customer as clearly they are the biggest gold miner in the world, however, we also share the same values on social and corporate responsibility.

“Our gold resource reporting template is increasingly becoming the industry standard, and we can now proudly lay claim to our RCubed Resource Governance solution being used by four of the top 10 gold miners globally: Newmont, AngloGold Ashanti Limited (NYSE:AU), Newcrest Mining Limited (ASX:NCM) and Gold Fields Limited (NYSE:GFI).”

The initial contract term is three years, which amounts to a total contract value in excess of $900,000.

PDAC Convention attendance[hhmc]

K2fly was present at the recent PDAC 2020 Conference in Toronto, Canada, which attracted more than 1,100 exhibitors, 2,500 investors and 25,800 attendees from 132 countries.

This exposure for the RCubed solution generated interest from several entities in the resources sector and proposal requests from Read More – Source

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