OPERATIONS

Dollar plunge good for K2fly

THE declining Australian dollar on the back of the economic fallout of COVID-19 is a bonus for K2fly, with the technology company recording revenue of about $1.02 million from RCubed software contracts less than nine months after it bought it.

 K2fly’s RCubed resource governance solution is a secure, cloud-based platform that aids the governance, compliance and reporting of a project’s or company’s mineral resources and reserves.

K2fly’s RCubed resource governance solution is a secure, cloud-based platform that aids the governance, compliance and reporting of a project’s or company’s mineral resources and reserves.

After signing up Colorado-based miner Newmont in March the total value of K2fly's software as a service contract is $1.83 million, and the total contract value for SaaS contracts signed is more than $4.7...

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