Delta Drone International Limited announced it has formalised a contract with Black Mountain Mining (Pty) Ltd. in South Africa, owned by Vedanta Zinc International, the current arrangements to provide drone surveying services. The remaining period of the contract is 16 months, ending 31 May 2024, and has a Total Contract Value (TCV) of AUD 281,000 (ZAR 3.440 million) and Annual Recurring Revenue (ARR) of AUD 211k (ZAR 2.580 million)±. The contract is subject to termination of 90-days' notice and contains various other terms considered standard for agreements of this nature.
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