The agreement covers the rollout of the RCubed software solution across the reporting lines of Newcrest for its resources and reserves in its global gold operations across seven sites in Australia, Indonesia and Papua New Guinea.
This is a three-year SaaS based software contract and with implementation costs is worth more than A$150,000 (US$102,000) in the first year. Implementation is to commence immediately, and there will be recurring revenues on an annual basis. Initial total contract value (TCV) is over A$330,000.
As with all RCubed implementations, each operation and all relevant data is captured at a base level and involves comprehensive governance data capture and reporting.
Nic Pollock, K2F chief commercial officer, commented: "Newcrest is the largest gold producer listed on the ASX and a top 10 global producer and adds to the growing momentum we are seeing within the mining industry and its acceptance of RCubed as a resource governance reporting solution. We are very excited to be working with the team at Newcrest."