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    IMD   AU000000IMD5

IMDEX LIMITED

(IMD)
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Imdex : Investment in Datarock Holdings Pty Ltd Presentation

11/14/2021 | 09:20pm EST

For personal use only

15 November 2021

Company Announcements Office

ASX Limited

Exchange Centre

20 Bridge Street

SYDNEY NSW 2001

Dear Sir/Madam

IMDEX strengthens cloud-based rock knowledge platform with cornerstone investment in Datarock

Please find attached a presentation for the investment in Datarock Holdings Pty Ltd by IMDEX Limited.

Yours faithfully

Imdex Limited

Michael Tomasz

Company Secretary

This announcement has been approved for lodgement by the Company Secretary

ABOUT IMDEX

IMDEX is a leading Mining-Tech company, which enables successful and cost-effective operations from exploration to production. The Company develops cloud-connected sensors and drilling optimisation products to improve the process of identifying and extracting mineral resources for drilling contractors and resource companies globally. www.imdexlimited.com

FURTHER INFORMATION

Kym Clements - IMDEX Investor Relations Officer & Corporate Communications Manager 0415 181 172

Kym.clements@imdexlimited.com

Classification | Public

ersonal use only

DATAROCK

Mining Technology

Investment

15 NOV 2021 PAUL HOUSE - CEO PAUL EVANS - CFO

CONFIDENTIAL PROPERTY OF © IMDEX LIMITED

IMDEX IS A LEADING GLOBAL

MINING-TECH COMPANY.

WE ENABLE CLIENTS TO FIND,

useonly

DEFINE AND MINE OREBODIES

WITH PRECISION AND AT SPEED.

ersonal

2

Datarock Technology Investment Overview

ersonal use only

INVESTMENT OVERVIEW

  • Agreement to acquire an initial 30% interest Datarock for $5.5m cash
  • Options to increase IMDEX interest to 100% over a four year period in two stages, or exit, if agreed strategic milestones are not achieved
  • IMDEX has sole discretion to exercise two tranche options, initially a further 21% and then the remaining equity interest in Datarock*
  • IMDEX's partnership with Datarock will accelerate growth plans, including product development and market expansion

*For cash or shares at IMDEX's election, calculated by way of revenue

milestones over a 2 or 4 year period

DATAROCK

  • Developed a cloud-based platform that applies AI and ML to automate the extraction of geological and geotechnical information from core imagery, videos and point clouds
  • Its existing and planned product suite complements IMDEX's software offering and strengthens our cloud-based platform to deliver real-time rock knowledge answer products
  • Has an existing customer base with major mining companies globally and a prominent reputation for bringing world class expertise to resolve complex geoscience challenges
  • Generated ~$2 million of revenue in FY21 from software and consulting services - focused on rapidly scaling its SaaS revenue
  • Processed >5 million metres of customer core and has retained the right to apply the learnings derived through its AI/ML analysis

3

Who is Datarock?

use only

Solve is one of Australia's

leading geoscience machine learning and data science consulting businesses.

DiUS is a leading Australian consultancy that helps organisations build the future using its expertise in AI, ML, IoT, cloud computing and product development.

Solve plus DiUS enable expert product ideation from geologists to be combined with deep experience in AI, ML, UX, cloud technology and data visualisation.

ersonal

DATAROCK STRUCTURE POST INITIAL IMDEX INVESTMENT

DATAROCK HOLDINGS PTY LTD*

SOLVE

IMDEX

DIUS

42%

30%

28%

Classification | Restricted

*Datarock Holdings Pty Ltd is the parent of the recently combined Datarock Pty Ltd and Solve Geosolutions Pty Ltd businesses.

4

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Imdex Limited published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 02:19:10 UTC.


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