Tribe Technology’s Completion of the First Autonomous RC Drill Rig

In a significant stride towards the future of mining, Tribe Technology PLC has achieved a pioneering breakthrough with the completion of its first TTDS GC 700 autonomous drill rig. This landmark development within the mining industry is the result of over 150,000 hours of dedicated development work.

A New Dawn in RC Drilling

Tribe Technology’s autonomous reverse circulation (RC) drill rig is the first of its kind, marking an unparalleled shift in the RC drilling industry. This autonomous rig is designed to significantly enhance productivity while eliminating the risks associated with traditionally operated RC drill rigs.

The initial TTDS GC 700 drill rig has been manufactured specifically for Major Drilling Group International Inc., a leading drilling contractor, and is destined for deployment at a top-tier iron ore mining asset in Australia.

The Journey to Completion

The journey to this monumental achievement has been a result of copious hours of development. This feat is a testament to Tribe Technology’s commitment to innovation and the tireless dedication of their world-class team.

Tribe Technology’s CEO, Charlie King, stated,

“We believe this marks what is the most significant development in the RC drilling industry in 30 years and is a world first.”

The Financial Implications

In terms of financials, upon completion of the drill rig, Tribe Technology issued a staged payment invoice to the client. The revenue from this venture will be recognised upon the drill rig’s arrival in Australia.

The Road Ahead

Tribe Technology’s journey doesn’t end here. The company will continue to test and commission the completed drill rig before shipping it to Australia from Northern Ireland. This process is expected to take place early next quarter, as outlined in their December trading update.

Moreover, the company has already initiated field trials of the sample potting and handling system at the recently established Australian Automation & Robotics Precinct (AARP) in Perth, Western Australia. Encouraging results have been reported, and the group will continue to refine the product based on these field trial results.

The Second Drill Rig in the Pipeline

Tribe Technology’s innovative stride doesn’t stop at the first autonomous RC drill rig. Work is already underway on the second drill rig, which is being manufactured for one of the world’s leading mining companies, Anglo American PLC, which has operations globally.

A Word from the CEO

In a statement, Charlie King, Chief Executive Officer at Tribe Tech, expressed his gratitude towards the team and shareholders. He stated, “What we have done in the five years since incorporation is an amazing achievement. We couldn’t have reached this point without the hard work and dedication of our world-class team and board. We would also like to thank our shareholders, whose support over the years and post-IPO, and belief in our product, have enabled the company to achieve this milestone.”

King also emphasized the company’s commitment to changing the future of mining and unlocking more critical mineral deposits faster to advance the world’s ‘green transition’. He concluded by stating, “I want to thank them all for their ongoing efforts to change our industry for the better as we continue to Automate the Toughest Tasks.”

Final Thoughts

The completion of the first autonomous RC drill rig by Tribe Technology marks a significant milestone in RC drilling and sets the stage for safer and more efficient mining operations. This breakthrough is a testament to the company’s commitment to innovation and a safer mining industry. As Tribe Technology continues to pave the way for automated mining solutions, the future of the mining industry looks brighter and greener.