Tribe Technology PLC provided the following updates in relation to the Company's reverse circulation drilling cyclone and sample splitting system. The Company reported the sale and shipment of its first patent pending RC drilling cyclone and sample splitting system. The System was purchased by Anglo American plc on 21 May 2024 and is being shipped from Perth to Johannesburg, South Africa.

The System will be used by Master Drilling, a drilling contractor to Anglo American, in grade control application. The System has been developed, built, and tested by the Tribe Tech team in Perth, Western Australia. It is designed to deliver superior sample quality compared to existing RC sample systems on the market and can be used with the TTDS GC 700 drill rig or as a retrofit to drill rigs from other manufacturers.

While the resultant revenues from the sale of the System to Anglo American is anticipated not to be substantial to the Group, the first sale and shipment of the System represents a pivotal milestone for the Group and provides confidence in the Group's go to market strategy to commercialise both of these product lines. Separate to the above, Tribe Tech has also shipped the first batch of Tribe Tech drill rods and accessories to McKay Drilling in Perth, Western Australia. The 6-metre-long drill rods and accessories incorporates the proprietary Tribe Tech ACK3 thread design.

This product has been specifically designed for autonomous rod threading and unthreading during drilling operations and will be used with the TTDS GC 700 drill rig. McKay Drilling (www.mckaydrilling.com.au) is a subsidiary of Major Drilling International and has purchased the Company's first TTDS GC 700 drill rig. The Company has made significant progress in relation to the testing and commissioning of the TTDS GC 700 drill rig which is being done in collaboration with the customer, McKay Drilling.