K2fly Limited announced that Rio Tinto has selected K2fly's Mineral Resource Governance Reconciliation Module. The 3-year agreement will generate an ARR of AUD 75,000 and a TCV of AU$360k, including implementation fees. K2fly's solution will be utilised across 24 contracted reporting sites.

Mine reconciliation is the process of comparing predictions and production performance to both to validate those predictions. K2fly's mine reconciliation module facilitates the capture of model predictions and production information from mine sites, automates data validations where applicable, provides dashboards for review of outcomes, generates standardised reports, and enables key stakeholder approvals. organizations such as Rio Tinto with a standardised mine reconciliation process, and K2fly's Reconciliation module, can compare performance across multiple mines to identify and promulgate good practices.