Gold Fields Ltd signs on for K2fly software

K2fly has added another significant resource company to its rapidly growing blue chip client list after West Australian miner, Gold Fields Ltd, signed on for a multi-year deal to use K2fly’s innovative software package known as “RCubed”.  The contract is worth in excess of $580,000 across the initial five years and comes on the back of a total of $1.67m worth of  record invoicing in the December 2019 quarter.

The company’s star studded client list also includes resource sector giant, Rio Tinto, Anglo Gold Ashanti and Teck Resources.  RCubed assists mining and exploration companies with mineral resource reporting, ore reserve reporting and provides a governance platform for shareholders and regulators.  It automatically generates mineral resource and reserve reports that already support reporting codes such as JORC, NI43101 and SAMREC right across most major stock exchanges – including ASX, NYSE, LSE, TSX and JSE.

K2fly Chief Commercial Officer, Nic Pollock, said; “Gold Fields is a globally recognised gold mining brand. Gold Fields share the same values as K2fly in striving for sustainable mining. They are also world renowned amongst peers for the quality of their mineral resource and reserve reporting. For them to join the growing list of customers taking up the RCubed Resource Governance solution is a real validation of the importance of this solution to all miners.”

Gold Fields Limited, headquartered in Johannesburg, South Africa, is listed on both the Johannesburg Stock Exchange and the New York Stock Exchange, with nine operating mines.  It has projects in Australia, Chile, Ghana, Peru and South Africa, with total attributable annual gold-equivalent production of approximately 2.2 million ounces.

K2fly acquired the RCubed platform duing 2019 for just $450,000 and since then it has gone on a signing spree, locking down some of the biggest names in mining.

K2fly appears to be now rapidly scaling up as it looks to take on some of the world’s largest and most complex mining and resources companies.


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