Following completion of the SATEVA acquisition by K2fly Ltd on 28 October 2020, K2fly has announced the first contract of the full Mining Technical Assurance suite to Roy Hill, the world–class 60 Mt/y Pilbara iron ore operation. It covers a five-year contract with a total contract value (TCV) of A$2.44 million.

K2fly stated: “Among the many benefits to the adoption of this suite of products will be a significant improvement in critical mine geology processes through automation, resulting in improved short–term scheduling and excavation of the orebody. In large scale open pit mines, such as Roy Hill, small improvements in grade recovery or excavation efficiency deliver significant additional value to the operator.”

The contract marks two significant milestones for K2fly. It is its first contract of the full suite of SATEVA products including model management, automated–ore–blocking and mine–geology–data–management that work together to deliver enhanced assurance and improved recoveries for large open pit mines. It is also a significant expansion in the relationship with Roy Hill who have actively collaborated with SATEVA previously and K2fly since the acquisition on this solution development “and will continue to expand our partnership and collaboration into the future.”

Brian Miller, K2fly CEO stated that: “We are delighted to expand our relationship with Roy Hill across the Technical Assurance suite and are very excited by the opportunities for both companies that will come from this contract and further solution collaborations. Roy Hill and its management have been a great partner to SATEVA and now K2fly.”