SCIDEV LTD — AGM Information 2009

Nov 18, 2009

ABN 25 001 150 849

Level 3 2 Elizabeth Plaza North Sydney NSW 2060 Australia P.O. Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9925-8170 Fax: 02-9925-8110 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office Australian Securities Exchange

19 November 2009

2009 Annual General Meeting Presentation

Attached are the Chairman’s Prepared Comments and related powerpoint presentation covering the Formal Resolutions and my Review of Operations for shareholders at Intec’s 2009 Annual General Meeting to be held at 5:30p.m. in Sydney today.

Yours faithfully Intec Ltd

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Philip R Wood

Managing Director and Chief Executive Officer

About Intec Ltd

Intec Ltd is listed on the Australian Securities Exchange, the Deutsche Boerse in Germany and the OTCQX in the USA.

The Intec Process comprises a set of patented chloride-based hydrometallurgical processes that have been demonstrated to produce high purity base and precious metals from concentrates of sulphide and oxide ores, tailings and industrial wastes. The Intec Process has substantial environmental and cost advantages over both the widely used conventional smelting and refining processes and other known hydrometallurgical and inorganic waste treatment processes.

Intec has current deals and plans in place for the development of projects for the clean production of high grade products from secondary mineral resources, and for the recycling of metals from industrial wastes, both in Australia and China. In addition, there is significant potential for the international application of Intec’s intellectual property in a wide range of other international locations.

Intec Ltd 2009 Annual General Meeting Chairman’s Prepared Comments

Ladies and Gentlemen, good evening and welcome to the 2009 Intec Annual General Meeting. My name is Trevor Jones and I am Chairman of our Company, Intec Ltd. Introducing my fellow directors, this is Philip Wood, Managing Director & CEO, Kieran Rodgers, Finance Director and Chief Financial Officer, John Moyes, Technical Director, who has recently stepped down from his full time executive role to join James Bell as a Non-executive Director. Also up front is Robert Waring, Company Secretary.

There being a quorum of three or more shareholders present, I declare the Meeting open.

In addition, also present are representatives of the Company’s external auditor, PricewaterhouseCoopers, Garth Winter and Nilesh Sharma.

I thank David Maloney, who is a partner of Allens Arthur Robinson, the Company’s legal advisors who have again graciously agreed to host Intec’s Annual General Meeting in these superb surroundings.

The 2008-2009 financial year, was an extremely difficult period for Intec. As described in the financial statements of the 2009 Annual Report, Intec incurred a loss after tax of $20.7 million, incorporating impairments of $11.6 million and an operating loss of $9.1 million.

The key cause of Intec’s negative financial outcomes was the accelerated downturn during 2008 in international metals prices, notably zinc and lead, resulting in Intec’s mineral-producing operation at Hellyer becoming cash-negative and being forced to close in September 2008.

With the perfect storm of the Hellyer closure and its being placed on care and maintenance, frozen debt and equity markets, and the unfortunate maturity date of Intec’s working capital facility falling due on 31-12-2008, we were then forced to sell the Hellyer operations in extremely difficult market conditions. The eventual sale to Bass Metals for $10 million - half of which is a deferred royalty payment – resulted in both a write-down of that asset value to the sale price, and in operating losses as the shut-down and maintenance expenses were paid in the months during and following the closure. The Company was also forced to sell its 23% interest in Bass Metals in order to maintain prudent cash balances.

The sale of the Hellyer operations impacted the company’s proposed strategy for the treatment of EAF dust stockpiles. The Board therefore took the prudent decision to write down the value of Intec’s environmental bonds for the storage of its feedstock stockpiles from $4.4 million to zero.

The Company continues to investigate all options for either disposal or treatment of these stockpiles.

During 2009 Intec’s cash flows were affected by a bad debt from Sardinia Gold, which was written off in our 2009 accounts and the placement of Compass Resources in administration. Thankfully the $140,000 owed by Compass has been recovered in full but the considerable delay in that payment did place pressure on our cash flow position.

Since balance date and as advised to the market, Intec’s primary waste client ACL has also entered administration and receivership and $240,000 it owes our Company is not expected to be recovered. However, Intec is proceeding with further work for ACL, but now on the basis that the receiver will be held responsible for all charges so the payment is assured.

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Intec’s response to the serious challenges facing the company was twofold. We took the necessary steps of realising as much asset value as was possible under adverse conditions, and we took drastic and considerable measures to cut our expenditures to the maximum extent possible, even at the expense of some of our operational capabilities. It is notable that all of Intec’s staff, directors and key consultants took a voluntary 15% pay cut across the board from the beginning of 2009, and there were no changes made during the 2009 annual performance review.

Overall, Intec’s operating expenditure has now been reduced by more than 50% through improved efficiency, pay cuts, staff downsizing and reduced site expenditures.

However, we are now pleased that the signs now point to Intec having turned a corner, and we thank all of our shareholders, staff and industry stakeholders for their support throughout the very difficult period that has passed. Intec’s share price has stabilised, and we are looking to the future, and anticpate the recovery and growth of our company from here.

One of Intec’s key advantages is its adaptability. We have a very strong technology base which can be carried forward in a multitude of ways, and one of Intec’s strongest responses to the global financial crisis was to bring forward and implement a second, parallel strategy for the commercial utilisation of the Intec Process technology via the recycling of metal-bearing inorganic waste materials.

The key example of this adaptability is the implementation of a second business arm recycling heavy metals from industrial waste streams, using our existing infrastructure at Burnie. The hurdles for waste projects are very much lower than for minerals projects, the timelines are shorter, and while the rewards are commensurately lower, Intec’s multiple waste projects collectively offer the prospect of near term revenues sufficient to help the company transition to being self-sustaining.

This near term goal may be considered by some to be less ambitious, but it provides a solid basis from which to grow the company without continual recourse to shareholder capital.

The successful implementation in early 2009 of Intec’s technology for commercial waste recycling at Burnie represents a solid positive outcome for an otherwise difficult year. While the ACL administration has meant that the financial outcomes have been mixed, the intangible outcomes of the successful operation have been wholly-positive: a significant decrease in the perceived technology risk for the Intec Process, industry and government recognition, and a substantial increase in incoming enquiry for future waste recycling services.

Intec is now seeking and developing additional projects to build upon the success of the Burnie waste recycling operations. We are close to finalising the agreement for the paid implementation of a zero-waste zinc and acid recycling project for the Victorian galvanising industry – which will be directly replicable elsewhere in Australia and internationally. And we are already examining the wider range of waste recycling opportunities throughout Australia.

Moreover, we have this month announced two major initiatives for the development of both minerals and waste projects (thus Intec’s two parallel strategies) in collaboration with Chinese investment partners Guangdong GuangYe Assets Management Co., Ltd. and Green Resources (Asia Pacific) Holdings Limited. Philip Wood will discuss these initiatives in more detail, but it is worth noting that these initiatives offer the potential for long-term growth in shareholder value.

At the Board level, Intec was sorry to lose the services of Ken Severs as a Director during 2009, albeit to a very well-deserved retirement. Ken has been a star performer at Intec over almost a

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decade of service, and we collectively reiterate our very warm best wishes to Ken and his family. More recently, John Moyes has transitioned to become a consultant to Intec’s ongoing projects, in the process also shifting to being a Non-executive Director of the Company. With more than 30 years of experience with Intec and its predecessors, and an encyclopaedic knowledge of the intricate chemistries that underpin our technology, we will continue to value John’s contributions as a consultant for many years to come.

You will note that the notice of meeting includes a resolution to change the Company’s external auditors from PricewaterhouseCoopers to WHK Howarth. We thank PricewaterhouseCoopers for its service to the Company over some 10 years.

On behalf of the directors I would also like to thank shareholders for their strong support for the Share Purchase Plan in June of this year.

Importantly, the Directors of Intec would like to thank all of our staff for their loyalty, hard work and persistent enthusiasm in the face of a challenging year. All of our team have made sacrifices to keep Intec moving forward, and their constructive resilience reflects very well upon them and our Company.

Also of key importance, the Company this week entered into a US$3 million convertible note facility with La Jolla Cove Investors, Inc. This facility secures Intec’s working capital requirements to at least the end of 2010, by which time the Company hopes to be in a self-funded position.

Looking forward, Intec is adequately funded for the next financial period and will be applying all its resources and energy to furthering the growth opportunities that I have referred to. We might be bruised after a difficult year, but we are still on our feet, and there is a clear path before us.

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Intec Ltd
2009 nnuaA l General Meeti
ng
5:30 pm Thursday, 19 November, 2009
‘The Partners Room’,
Allens Arthur Robinson, Sydney
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Welcome and Introduction
Trevor Jones
Chairman
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Board of Directors
Chairman: Trevor Jones (AC, NRC)
Managing Director & CEO: Philip Wood (CGC)
Finance Director & CFO: Kieran Rodgers
Non-Executive Directors: James Bell (AC, NRC, CGC)
John Moyes (Technical Director)
Ken Severs ( Retired 1 March 2009 )
Company Secretary: Rob Waring
AC Audit Committee
NRC Nomination & Remuneration Committee
CGC Corporate Governance Committee
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Chairman’s Address
Trevor Jones
Chairman
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Resolutions
Conducted by
Trevor Jones
Chairman
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Resolution 1

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That the Company's Financial Report for the financial year ended 30 June
2009 together with the related Directors' and Auditor’s Reports be received,
approved and adopted.
For 116,900,109
Against 523,504
Abstain 72,269
Open (discretion) 7,133,915
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Resolution 2
That the Company’s Remuneration Report for the financial year ended 30
June 2008 be received, approved and adopted.
For 107,052,452
Against 8,932,605
Abstain 1,441,515
Open 7,203,225
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Resolution 3
That Mr Kieran G Rodgers, retiring in accordance with the
Company's Constitution and being eligible for re-election, be
re-elected a Director of the Company.
For 105,914,359
Against 10,730,554
Abstain 564,969
Open 7,419,915
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Resolution 4
That for the purposes of Listing Rules 7.1 and 7.4 of the Australian
Securities Exchange (ASX), and for all other purposes, the issue by the
Company of 1,650,179 fully paid ordinary shares in the capital of the
Company, as consideration for consulting services, as announced to the
ASX on 30 April 2009, at a price of $0.01725 per share, as referred to in
the Explanatory Notes, is hereby approved.
For 108,813,124
A g ainst 7, 6 5 6 ,479
Abstain 507,969
Open 7,652,225
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Resolution 5
That for the purposes of Listing Rules 7.1 and 7.4 of the ASX, and for all
other purposes, the issue by the Company of 24,733,333 ordinary fully
paid shares in the Company to a number of professional investors, as
announced to the ASX on 19 June, 6 July and 6 August 2009, at a price of
$0.015 per share, which raised $371,000 as set out in the attached
Explanatory Notes, is hereby approved.
For 86,721,316
A g ainst 7,753,479
Abstain 507,969
Open 7,520,225
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Resolution 6
That for the purposes of Listing Rules 7.1 and 7.4 of the ASX, and for all
other purposes, the issue by the Company of 10,686,848 ordinary fully
paid shares in the Company as consideration for consulting services, as
announced to the ASX on 19 June 2009, at a price of $0.015 per share, as
referred to in the attached Explanatory Notes, is hereby approved.
For 108,886,624
A g ainst 7,7 1 4,979
Abstain 507,969
Open 7,520,225
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Resolution 7
That for the purposes of section 327B of the Corporations Act 2001 (Cth),
and for all other purposes, WHK Horwath Sydney, having been
nominated by a shareholder and consented in writing to act in the
capacity of auditor, be appointed as auditor of the Company.
For 116,796,449
Against 38,854
Abstain 274,269
Open 7,520,225
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Operations Report
Philip Wood
Managing Director & Chief Executive Officer
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Sydney Staff
David Clark,
Financial Controller
Andrew Tong,
Project Manager & Senior Research Metallurgist
Dave Sammut,
Corporate Development Manager
M ar tza a enc a- i V l i B e arano j
Project Engineer
Elizabeth Psarris,
Executive Assistant
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Burnie Staff
(from the left):
Chris Mulder
Production Superintendent
Daryl Purdie
Senior Process Engineer
Mick Charles
Operator
Carlene Fishwick
Burnie Office Manager
Adam Randall
Plant Manager
Brian Banister
Chief Operating Officer (Intec Ltd)
Managing Direct0r
(Intec Envirometals Pty Ltd)
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Retirement of Ken Severs

• Kenneth J Severs retired from the Intec Board in March 2009

• • Served as a Non-Executive Director 2001-2009

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• Served as a Non-Executive Director 2001-2009
• Chairman 2001-2004
• Managing Director, Intec Copper Pty Ltd 1997-1999
• Group Metallurgical Executive, Rio Tinto 1990-1995
• Senior Executive, Anglo American Group, 1964-1988
• Continues to assist Intec as European Representative,
metallurgical consultant, and host of Intec’s European Office
Ken’s personal contributions to Intec’s people have been manifold over many years,
but particularly included career mentoring of Intec’s professional staff, warm
generosity of spirit to junior staff and a rigorous level of integrity, conscientiousness
and intellect in the Board room.
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Corporate Activities

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		Results for 2008-2009	2009 $m 2008 $m
		Operating Res lt u Revenue from Continuing Operations Expenses from Continuing Operations (Loss)/Profit from Discontinued Operations Operating Profit/(Loss)	1.5 1.2 (6.5) (10.2) (4.0) 10.1 (9.1) 1.1
		Impairment Adjustments Diminution of Value in Investments	(2.7) (1.2)
		Diminution of Value of Environmental Bonds Hellyer Asset Impairment Exploration Expenditure Written Off (Loss)/Profit attributable to Intec Ltd	(4.4) - (4.4) - (0.1) (2.7) (20.7) (2.8)

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Results for 2008-2009
Balance Sheet Items
• Cash as at 30 June 2009 , $1 . 99 million
• Net Tangible Assets per share: 0.65 cents
• No borrowings
Commentary
• Cessation of operations at Hellyer, and sale of Hellyer assets for nominal
$10 million (includes deferred payment of $5 million as royalties)
• Sale of Bass Metals shareholding
• R epaymen t i n f u ll o f $5 m illi on M ac q uar e i B an k F ac ilit y
• Suspension of Browns Sulphide Project, Compass Resources NL in administration
• Several bad debts, including ACL
• Corporate refinancing via SPP/Placement (A$2.15 million) and
La Jolla Convertible Note Facility (US$3 million)
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Intec Share Price Since Listing
INL Volume (millions)
$0.30 INL Price 60
$0.27 50 per. Mov. Avg. (INL Price) 54
$0.24 48
$0.21 42
$0.18 36
$0.15 30
$0.12 24
$0.09 18
$0.06 12
$0.03 6
$0.00 0
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Intec Share Price Since 1 July 2008
$0.06 60
INL Volume (millions)
INL Price
$0.05 50 per. Mov. Avg. (INL Price) 50
Closure of
Hellyer
$0.04 40
Announcement
$0.03 of ACL Waste 30
Treatment
2009 Trendline
$0.02 20
$0.01 10
$0.00 0
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Cost Reductions

• Staff reductions: voluntary and involuntary redundancies have reduced permanent execut ve sta i ff f rom 23 to 12

• • Staff, Directors and Key Consultants accepted a voluntary 15% across-the-board pay cut from 1 January 2009

• City office closed

• • Headquarters moved from University of Sydney to lower cost premises at North Sydney in November 2008

• Lower cost laboratory facilities utilised at Brookvale

• Collective efficiency measures have reduced monthly costs by more than 50%

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• Corporate Financing

• • US $3m Convertible Note Facility with La Jolla Investors , Inc. www.l j cinvestors.com

• • Two notes of US$1.5 million each • Draw down ≥$250k per month

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• Interest rate 4.75%

• • To be repaid at two year maturity unless converted to shares at 20% discount to VWAP

• • Intec retains discretion not to proceed with second note

• Future meeting of shareholders to approve deal

The La Jolla facility provides Intec with all required working capital during 2010, while the Company develops its Australian and Chinese projects to self-sustaining revenue generation.

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Operations
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Burnie Operating Facility

• Campaign operations throughout 2009

• • Successful recycling of heavy metals • Recognised as finalist in two awards • Tasmanian Awards for Environmental Excellence • Banksia Awards, Eco Innovation category

• • Expanding services. Current development activity directed to the electroplating industry

• • Further prospects for other waste recycling and minerals project testwork

• • Spent pickle liquor project has commenced • The administrators of ACL have this week agreed to a new contract for the ongoing recycling of heavy metal waste. Payments are guaranteed by the Receivers.

• • Burnie recycling and testing services are budgeted to provide near term revenue for Intec

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Waste Recycling Services: Victorian Market

• Intec is actively working on the Victorian waste recyc li ng mar k et

• • Australia’s largest industrial/manufacturing market

• • EPA Victoria is pro-active in seeking better waste outcomes

• • Levies in place to discourage landfill • Category A waste: cannot be disposed • Category B waste: EPA levy $250/t + landfill charges • Cate g or y C waste: EPA lev y $7 0 / t + landfill char g es

• • 2008 HazWaste Expo generated GBG opportunity • 2009 HazWaste Expo: >400 attendees. • Significant discussions. To be followed up.

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Waste Recycling Services: Victorian Project

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• GB Galvanizing produce approximately 1,000,000 li tres o f ‘ spent p c i kl e ’ li quor per annum

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• Total estimated project cost to demonstrate process and build commercial plant $2.9 million

• VIC EPA awarded project$780,000 grant from the HazWaste Fund

• This covers Intec’s costs for the project.

• Work commenced in November 2009

• Commercial plant scheduled to be constructed in 2010

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Waste Recycling Services: Victorian Project

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Spent Pickle Liquor

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• steel is dipped in hydrochloric acid prior to hot-dip galvanising

• over time, the acid strength decreases, while zinc and iron are dissolved

• this ‘spent pickle liquor’ is conventionally disposed of as a waste, by first precipitating the metals with alkali, then dumping the heavy metal waste in landfill

Intec’s Recycling Process

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• Iron is recovered as hematite for sale and re-use

• Zinc cathode is directly electro-won as metal, and returned to the owner’s galvanising bath

• • Hydrochloric acid is regenerated for reuse by the owner as fresh pickle liquor

• This zero waste recycling process is at a lower cost than conventional landfill disposal

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Chinese Opportunities
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Chinese Representative Office
Guangzhou
Intec Representative Office
Suite 1310, The Hub
1068 East XingGang Road
Guangzhou China Joe Lam
Tel: +86-(0)20-899883728
Fax: +86-(0)20-899883738
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Chinese Representative Office

• Operated by Guangzhou Greeneer Chemical Technology C ompany, oun f d e d b y oe am: J L www.greeneer.cn

• Joe Lam has ~15 years of experience with the Intec Process

• Greeneer has a team of qualified personnel for advancing projects, with strong engineering and process plant design background

• Strong IT and project economic modelling capabilities

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• Multilingual team: English, Cantonese, Mandarin and Taiwanese dialects

• Identifying and developing Chinese projects using the Intec Process and Chinese – HK funding

• First point of contact for Chinese enquiries about the Intec Process

• Maintenance of Intec’s website in the Chinese language: www.intec.com.cn

• Collection of market and engineering data within China to support Intec’s projects and products

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Links to Chinese Companies: Hunan NonFerrous Metals
-
50% joint venture owner of Browns Sulphide Project
Hunan NonFerrous Metals Corp.
Operations Headquarters
Changsha, Hunan
China Southern University
Testwork Facilities
Changsha, Hunan
Hunan NonFerrous Metals Corp.
Listed on HKSE
Hong Kong
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Hunan NonFerrous Metals Corp.
Operations Headquarters
Changsha, Hunan
China Southern University
Testwork Facilities
Changsha, Hunan
Hunan NonFerrous Metals Corp.
Listed on HKSE
Hong Kong
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Links to Chinese Companies: Guangdong GuangYe Asset Management
-
MOU with Intec to create Australian-Chinese joint venture vehicle
Yunfu Project
Guandong Province
Guangdong GuangYe Asset
Management Co. Ltd
Guangzhou, Guandong
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GuangYe MOU

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• Guangdong GuangYe Asset
M anagement o., t C L d
• established in 2000 to manage the
assets of the Guangdong Provincial
Government
• Over 150 subsidiaries in 12 industry-
specific divisions
• employs over 18,000 people
• GuangYe has a mandate to seek
investments into Australian
‘ enabling technologies ’ and
‘secondary resources’ projects.
Shaking hands with Mr Wang Ximin
REVENUES
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• Intec will provide revenue-generating engineering and project services to the joint venture

• Long term shareholder value also through project development and demonstrated technology application at the commercial scale

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GuangYe MOU
• The MOU envisages that both parties will work towards establishing a joint venture
company to:
• Provide advisory investment services to GuangYe for the purposes of identifying and
assessing economically robust mining, minerals processing, and industrial residues/wastes
processing opportunities in Australia and China.
• Continue to research and develop the Intec technology platform for minerals
processing and industrial residues/wastes treatment.
• Identify secondary resource opportunities in Australia and China that are suitable for
development using the Intec technology.
• Acquire strategic equity positions in selected corporate and/or project opportunities,
particularly where GuangYe funds will bring about rapid project development and/or
alleviate funding costs from alternative sources.
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Links to Chinese Companies: Green Resources
Green Resources (Asia Pacific) Holding
Limited
Hong Kong company
Staged investment by Intec to 30%
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Green Resources : Chinese Project Platform
• Green Resources (Asia Pacific)
H o ldi ng Li m te i d
www.gresources.cn
• Green Resources is a special
purpose vehicle incorporated in
Hong Kong for the purpose of
developing primary and secondary
resources projects using the Intec
Process and other technologies as
appropriate
• S evera recyc l li ng pro ect j
opportunities already identified
and under development in China
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Green Resources: Subscription Agreement with Intec
Stage 1
• Intec receives 5% free carried interest for providing a technology licence to Green
Resources
• Intec invests RMB 2 million in return for additional 2% of Green Resources
• Intec’s investment supplied by reciprocal investment in Intec at $0.015 per INL share
Stage 2
• On commencement of the Liuzhou Project using the Intec Process for metal recycling
• Subject to due diligence by Somerley Ltd (www.somerley.com.hk), Intec invests RMB
13 million by 30 June 2010 for the implementation of the Project
• I ntec rece ves a i ddi t ona i l 13 % o f G reen R esources
• Intec’s investment supplied by reciprocal investment in Intec at $0.015 per INL share
• Intec receives seat on Green Resources board
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Green Resources: Subscription Agreement with Intec (cont’d)
Stage 3
• Cross-investment between Intec and Green Resources for RM 10 million
• Volume of shares subject to volume weighted average price of INL shares leading up to
the transaction
• Anticipated completion 30 September 2010
• Intec’s final shareholding in Green Resources is 30%
• The resultant cross shareholdings between Green Resources and Intec will provide the
initial basis for further merging corporate interests and cross-jurisdictional listings
REVENUES
• Limited near-term revenues to Intec through engineering and project services
• Long term shareholder value through project development and demonstrated
technology application at the commercial scale in China
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Green Resources: Projects in Southern China
Nandan Project
Tailings treatment, Yunfu, Guangdong Province
Liuzhou Project
Steel dust recycling, Liuzhou, Guangxi Province
Lingshan Project
Wastewater treatment, Lingshan, Guangxi Province
Yunfu Project
Solid waste treatment, Yunfu, Guangdong Province
Green Resources
Hong Kong Company
Staged investment to Intec by 30%
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First Green Resources Project
Liuzhou Project: Steel Waste Recycling
• Phase 1: 50,000 tpa steel dust recycling
• 25% Fe, 7%Zn, 1.5% Pb and 250ppm In
• To commence production in 2011
• Pre-feasibility study complete
• Capital Cost: RMB 43 million (including 25% contingency)
• Revenue: RMB 86 million pa
• IRR: 65%
• Joint venture (Liuzhou Green Resources Dust Environmental Utilization Co., Ltd.)
was formed in October 2009 between Green Resources (51%) and a company
controlled by Liugang-Liuzhou Iron and Steel (Group) Company (“Liugang”), one of
China’s most successful emerging steel producers (www.liuzhousteel.com)
• Later phases envisage capacity increase to as much as 1,000,000 tpa.
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Developing Green Resources Projects
Lingshan Wastewater Treatment Plant,
Guangxi Province
• Collectively recycling heavy metals from up to 200 electro-
plating operations in a single industrial park
• Up to ~100,000 litres per day
• Pre-feasibility study underway
• Total investment ~RMB 35 million
Yunfu Solid and Wastewater Treatment Plant,
Guangdong Province
• Pyritic sold waste and wastewater
• Phase 1: 50,000 tpa solid, 10,000 litres per day wastewater
• Phase 2: Up to 1,000,000 tpa throughput
• Pre-feasibility study underway
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Green Resources Projects

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Nandan Tailings Recycling Plant, Guangxi Province

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• Treating tailings and waste acid high in arsenic content

• • Phase 1: 2,000 litres per day waste acid, 60,000 tpa tailings • Phase 2: 10,000 litres per day waste acid, up to 1,000,000 tpa tailings

• • Industrial trials underway Chinese Patents

• Intec has taken steps during 2009 to secure and expand our IP protection, particularly in China and particularly for new waste-oriented and recycling IP

• • Intec is advised that IP protection in China is strong • By working with trusted Chinese partners, Intec is aligning its interests with those of proven and experienced operators in China

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Summary

• Intec has weathered a very difficult period during 2008/2009

• The Company has survived, and has re-established a sound financial basis from which to grow

• • Based on its adaptable technology, Intec has a significant future, and this is demonstrated with tangible outcomes emerging from our work this year

• • Having endured some hard luck over the last couple of years, Intec is due some good luck, and with this in mind we have adopted the Chinese goldfish symbol for ‘wealth’ and ‘good fortune’ in this year’s reporting

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Chairman’s Closure and Refreshments
Intec now welcomes our shareholders to join us for
refreshments in the adjacent room, and for dinner at
a nearby restaurant.
Intec 2009 AGM
www.intec.com.au
The results of this AGM and links to the recorded broadcast will
shortly be available on the Intec web site. Please visit the web site
to stay up - to - date with news about Intec ’ s projects , as well as to
read and participate in more in-depth discussions through the
Intec Investor Q&A Forum.
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