Delta Drone International Limited announce it has signed a contract with SFTP Mining for drone surveying services. The contract is for 1.5 years and has a Total Contract Value (TCV) of AUD 341,0000 (USD 232,000) and Annual Recurring Revenue (ARR) of AUD 227,000 (USD 155,000)±. The contract is subject to standard termination clauses and in addition, SFTP may terminate the contract with 30 days' notice within the first three months.

Post this period, SFTP may terminate with 30 days' notice subject to a termination fee amounting to the remaining value of the contract term. The contract includes other conditions which are considered standard for agreements of this nature.