Established in 2019, Tribe Technology plc, a disruptive developer and manufacturer of autonomous mining equipment, was founded to create a safer, more efficient work environment through the development of fully autonomous reverse circulation (RC) drill rigs in the mining industry. The Group’s core activities are the development, in-house manufacturing, and sale of its autonomous RC Drill Rigs incorporating its core proprietary intellectual property, the Tribe Technology Drilling System (“TTDS”).

With the smart market mining size as a whole expected to reach US$23.05 billion by 2028, Tribe Tech is well positioned to be the leader in automotive drill rigs. To date, RC drilling has been characterised by a lack of automation due to the complexities of the systems required and the harsh conditions in which these machines operate. The Company’s RC drill rigs are being developed to remove operators from the dangers that are involved in traditional RC drill rigs.

The Group has leveraged strong working relationships with key players globally and in Western Australia’s Pilbara iron ore region to build market traction in its target customer base, ranging from contract drilling service companies to global mining operators and producers. The Company has secured firm orders in excess of £10.5 million, creating a strong commercial pipeline. Beyond its RC drill rigs, the Company is confident that it has the potential for a robust sales pipeline in relation to its sample system products, which can be sold on a stand-alone basis.