Delta Drone International Limited announced that it has signed a contract with Assmang Proprietary Limited for drone surveying services. The contract renewal is for three years and has a Total Contract Value (TCV) of AU$880k
(ZAR10.347m) and Annual Recurring Revenue (ARR) of AU$293k (ZAR3.449m)±. The contract is subject to standard termination clauses and an entitlement by Khumani to terminate the contract should subsidiary or an associated entity not transform to a 51% B-BBEE owned entity within 21-months. Drone services will include survey mapping and blast inspections for Assmang's Khumani Iron Ore Mine.