5 July 2024

Tribe Technology PLC (AIM: TRYB), a disruptive technology-first developer and manufacturer of world-class autonomous mining equipment, is pleased to share a video of its first autonomous reverse circulation drill rig performing final software & function testing prior to shipping.

The Company has made significant progress following the completion of manufacturing of the first TTDS GC 700 drill rig (the “Drill Rig”) and has already reached several milestones towards the shipment of the Drill Rig to our first customer.

This first product has been manufactured and sold to industry leading drilling contractor, Major Drilling Group International Inc (“Major Drilling”), for use at a tier 1 iron ore mining asset in Australia. The shipment of the Drill Rig is booked to Australia and remains on track for departure by the end of July 2024, with delivery by the end of September 2024 on target as stated in the Company’s operational update.

Charlie King, Chief Executive Officer at Tribe Tech, commented:

“We are delighted to share this exciting development of the Drill Rig driving out of the factory. Our clients have been on site performing final inspections and we have now booked our sailing date to Major Drilling’s subsidiary McKay Drilling in Australia. This marks a major step for the Company and we look forward to further developments with the manufacturing of our next drill rig for Anglo American, one of the world’s major mining companies.”

Marc Landry, Chief Technology Officer at Major Drilling, commented:

“Innovation is the cornerstone of our strategy at Major Drilling, and our commitment to being at the forefront of new technology is unwavering. Our approach is deliberate, ensuring that every technological advancement we adopt serves the best interests of our key customers.

“Our partnership with Tribe Tech is a testament to this commitment. We are not just early adopters; we are strategic pioneers, selectively deploying cutting-edge solutions that benefit those who invest in us. As the go-to drilling contractor for the industry’s most innovative equipment manufacturers, we take pride in delivering value that goes beyond the drill bit, directly to our partners’ operations. This is the ethos that Major Drilling stands by and champions every day.”