Australian technology provider K2fly (ASX:K2F) has been selected by Roy Hill to implement its Ground Disturbance Solution at the company's integrated iron ore operations in the Pilbara, Western Australia.

The company said the five-year contract is valued at $2M and is expected to generate annual recurring revenue of $300k.

It also said the deal builds on a previous agreement in which Roy Hill contracted the K2fly Mine Technical Assurance suite.

K2fly added that its new solution supports mining companies' compliance in a tightly controlled sector of the market.