K2fly Limited announced that ArcelorMittal Mining UK has selected K2fly, contracting for its Resource Disclosure and Model Manager solutions sitting within K2fly's Mineral Resource Governance solution area. The 5-year agreement with K2fly will generate a TCV of AUD 1.9 million and has an ARR of AUD 332,000 (including implementation fees of AUD 283,000). The agreement will see K2fly's two solutions utilised across all 10 mining regions within the ArcelorMittal group.

The Resource Reporting and Model Manager solutions will support ArcelorMittal Mining UK fulfil reporting obligations within the ArcelorMittal group as a publicly listed company reporting under the US SEC S-K 1300 guidelines (comparable to JORC in Australia).