Tribe Technology PLC provided the following update in relation to the company's first generation autonomous TTDS 700 GC drill rig. The Company continues to make good progress in relation to the construction of its Drill Rig. In this regard, the Company recently successfully switched on the engine of the Drill Rig for the first time at the Company's 20,000 square foot facility in Belfast, Northern Ireland.

This marks an important step for the Company on the way towards factory completion of the Drill Rig and the subsequent production of the Drill Rig as well as ultimately, the advancement of efficiency, safety and sustainability in the drilling industry. Factory completion of the Drill Rig continues to be expected to occur in the first quarter of 2024 with shipment to the customer expected in second quarter of 2024, as originally stated in the Company's announcement on 28 December 2023. To date, reverse circulation drilling has been characterized 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.