Scidev Ltd - SciDev Progress Update
Scidev Ltd (ASX:SDV)

SciDev Progress Update


What's New?

SciDev Limited (SDV:ASX) has seen progress across the mineral sands, precious minerals, nickel, metallurgical & thermal coal, construction, base metals, oil and gas sectors. Below are some of the highlights, click to view the full announcement here.


SciDev achieved total sales of AUD $3.95m in YTD FY2020, after achieving $1.67m so far in Q2 FY2020.

New Opportunities in Nickel

SciDev have confirmed they are in negotiation of commercial terms with a New Caledonia based nickel laterite producer. This discussion was a result from their exposure to the nickel laterite industry at Ramu in Papau New Guinea, (click here to view that announcement).

New Orders in Base Metals

During the quarter, an order was received for the company's MaxiFlox® chemistry for use at an established copper mine in central-western NSW, focused on improving water recovery and density in the processing circuit. Significant water recovery improvement (~20%) has been achieved.

New Construction Market Vertical

During the September quarter, SciDev was invited by several new potential clients to support clay and water management processes associated with tunnel boring machines (TBM). The treatment of the TBM slurry requires SDV MaxiFlox® technology to enable effective dewatering and separation of the solids in addition to returning clean water. The first industrial trials have commenced, with orders for SciDev chemistry of approximately AUD $50,000 received in October.

Managing Director's Summary

Lewis Utting

"The activity levels for the company continue to accelerate this financial year. Recent large contract wins with Iluka and Phoenix reflect the commercial viability and utilisation of our technology. The SciDev team continues to work on a variety of new business opportunities, commercial trials and orders, which will continue to drive strong growth for the company over the remainder of the financial year."

Lewis Utting
Managing Director, Scidev Ltd

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