K2fly Limited announced that SCR-Sibelco N.V. (Sibelco) has signed a 3 year RCubed Resource Governance SaaS contract to roll out to 60 sites globally. While the annual contract value is not material in this instance it demonstrates continued demand for K2fly's SaaS solutions during challenging macro-economic conditions and further validates position in the industrial minerals sector. K2fly's Total Contract Value (TCV) for its own SaaS solutions (RCubed and Infoscope) has risen to more than AUD 5 million as the contract terms extend. This trend is expected to continue with further multi-year contractual negotiations in the pipeline. Although these potential contracts are still in negotiations and until complete there are no guarantees. K2F will update the market in due course.