By acquiring Decipher for Mining, K2fly will have the only...

By acquiring Decipher for Mining, K2fly will have the only end-to-end solutionin the market today that can cover monitoring, disclosure and governance in support of the Global Industry Tailings Standard (GITS), at a time when the industry most needs it.

GITS has been formally endorsed by the co-convenors of the Global Tailings Review: the International Council on Mining and Metals (ICMM), the UN Environment Programme (UNEP), and the Principles on Responsible Investment (PRI).

Consequently, and with the increasing general awareness and demands for environmental, social and governance (ESG) outcomes, K2F has seen a definite increase in inquiry and more importantly budget being released to fulfill the commitments made by mining companies in relation to TSF.

Our plan to deliver new software products and solutions to market (such as BMM and if approved by shareholders, Decipher for Mining) is progressing well and we should see further fruits of our investments in Q4 FY21 and beyond.

All positive here from management, looks to be another record quarter in receipts and tailwinds are definitely helping given the outlook of the ESG market. Going to be a great year to be a K2F holder, I think Decipher is being underplayed - should see plenty of upside from here.