Delta Drone International Limited announced it has signed a contract with Red 5 Limited in Western Australia for drone surveying services. The contract is for three years and has a Total Contract Value (TCV) of AUD 1.01m and Annual Recurring Revenue (ARR) of AUD 336k (billed monthly). Services are for the King of the Hills Mine (KOTH) and Darlot Mine.

The contract is subject to a termination clause of 90 days' notice plus an early termination exit fee equivalent in value to 3 months of contract fees.