Tribe Technology PLC announced the completion of the Company's first TTDS GC 700 autonomous drill rig (the Drill Rig). This major milestone in the development of the Company is a result of over 150,000 development hours. This initial machine has been manufactured for and sold to an industry leading drilling contractor Major Drilling Group International Inc, for use at a tier 1 iron ore mining asset in Australia.

The Company's Reverse Circulation ("RC") Drill Rigs are designed to remove operators from the dangers involved in traditional manually operated RC drill rigs while significantly improving productivity. The Company has issued a staged payment invoice for the completion of manufacturing to the client, with revenue to be recognised on the Drill Rig's arrival in Australia. The Company will now continue to commission and test the completed Drill Rig before shipping to Australia from Northern Ireland, which is expected to take place early next quarter as outlined in the December trading update.

The field trial of the sample potting and handling system has commenced at the recently established Australian Automation & Robotics Precinct ("AARP") in Perth, Western Australia with encouraging results. The Group will continue to refine the product based on its field trial results. Work continues on the second drill rig which is being manufactured for one of the world's major mining companies, Anglo American plc, with operations globally.