Autonomous RC Drill Rig delivered to Australia
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.
16 September 2024
Tribe Technology PLC
("Tribe Tech", the "Company" or the "Group")
Tribe Tech's first autonomous RC Drill Rig successfully delivered to Australia
Tribe Technology PLC (AIM: TRYB), a disruptive technology-first developer and manufacturer of world-class autonomous mining equipment, is pleased to announce the arrival of its first autonomous reverse circulation ("RC") TTDS GC 700 drill rig (the "Drill Rig") from the manufacturing site in Belfast, Northern Ireland, to the Australian Automation & Robotics Precinct ("AARP") in Australia.
This is a major milestone for the Company and is the culmination of significant engineering hours over the last four years, pioneering design and innovation along with extensive collaboration with our first customer, McKay Drilling (a subsidiary of Major Drilling Group International Inc ("Major Drilling")).
This first Drill Rig has been manufactured and sold to industry leading drilling contractor, Major Drilling, for use at a tier 1 iron ore mining asset in Australia. In line with the Company's announcement on 30 July 2024, the Drill Rig arrived on schedule in Perth, Australia. The Company will now undertake, in collaboration with the customer, additional system testing, integration with the Tribe Tech autonomous sample system, development of the software remote control systems and test drilling of holes at a depth of up to 60 metres at the AARP, located in Perth.
In line with the Company's contract with the customer, a stage payment invoice has been issued and paid at this milestone.
Picture above of the Drill Rig in Australia with JR Davies (Vice President - Australasia & Africa - Major Drilling), Marc Landry (Chief Technology Officer - Major Drilling) and Bevan Eagle (Innovation & Technology Development Superintendent, McKay Drilling)
Derek Loughlin Chief Technology Officer at Tribe Tech, commented:
"Our first Drill Rig has travelled by sea freight and successfully disembarked from the Fremantle port and arrived today at the AARP facility in Perth. We are extremely excited to carry out the next stage of integration testing including the first operation of the Drill Rig with our autonomous sample system and performing drilling operations for the first time within the AARP environment."
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For further information, please visit www.tribetechgroup.com or contact:
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Tribe Technology PLC |
via Tavistock |
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Charlie King, Chief Executive Officer |
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Allenby Capital Limited (Nominated Adviser and Broker) |
+44 20 3328 5656 |
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John Depasquale, Vivek Bhardwaj, Lauren Wright (Corporate Finance) Tony Quirke, Joscelin Pinnington (Sales & Corporate Broking) |
info@allenbycapital.com |
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Tavistock (Financial PR) |
+44 20 7920 3150 |
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Rebecca Hislaire, Saskia Sizen |
tribetech@tavistock.co.uk |
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About Tribe Tech
Established in 2019, Tribe Tech is an AIM listed company founded to create a safer, more efficient work environment through the development of fully autonomous RC Drill Rigs and sampling solutions for the mining industry.
Based in Northern Ireland and Western Australia, the Group's core activities are the development, in-house manufacturing, and sale of its autonomous RC Drill Rigs incorporating its core proprietary intellectual property, the Tribe Technology Drilling System ("TTDS").
In March 2024, the Company completed the build of the world's first autonomous RC Drill Rig following orders from Tier 1 mining companies.
Tribe Tech's market-leading technology will help to revolutionise the mining industry, enabling digitisation and intelligent insight through Artificial Intelligence (AI), dramatically improving safety outcomes and streamlining operations.
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