Ann: K2F Appendix 4C - Quarterly Cash Flow Report, page-6

The Decipher acquisition also delivered results across Q4 with contracts for the solution being signed with Evolution Mining Limited and Heathgate Resources Pty Ltd. Evolution Mining has contracted with K2fly for stage 1 of its Tailings Management solution. Heathgate Resources has contracted to use the Decipher for Mining solution to implement a land access and monitoring solution at its Beverley and Beverley North mine site in South Australia. The agreements add an additional TCV value of over $0.615M.

With the new Global Industry Standard on Tailings Management (GISTM) now released and more companies committing to the implementation of the standard, we expect to see strong demand throughout calendar 2021 and beyond. We also anticipate deal sizes will increase in line with global rollouts.

Finally quality Decipher contracts, there seems to be more on their way too.