Tribe Technology PLC announced that it has entered into a joint development agreement with IMDEX Ltd. to safely find, define, and mine orebodies with precision, speed and efficiency. IMDEX provides an integrated range of drilling optimisation products, cloud-connected rock knowledge sensors, and data and analytics to improve the process of identifying and extracting mineral resources for drilling contractors and resource companies globally. Its unique end-to-end solutions for the mining value chain span four portfolios: Drilling Fluids, Drilling Optimisation Technology, Rock Knowledge Sensors, and Software, which provides the IMDEX platform that merges these key silos.

While the Agreement does not involve any minimum or guaranteed revenues for the Group, Tribe Tech and IMDEX will seek to work together to develop future technology, including through integration of both parties' unique services, offerings, and experience. Tribe Tech's proprietary technology is designed to improve productivity, reduce costs, and improve safety across the global industry. With the smart mining sector expected to reach USD 23.05 billion by 2028, Tribe Tech is well positioned to be a market leader in automated drilling.