SCIDEV LTD — Capital/Financing Update 2018

Jul 15, 2018

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Suite 105 48 Atchison Street St Leonards NSW 2065 Australia ABN 25 001 150 849

Phone: 61 0428 002 590 Email: admin@scidev.com.au Website: www.scidev.com.au ASX code: SDV

Companies Announcements Office Australian Stock Exchange

16 July 2018

Purchase order for OptiFlox® System received for commercial trial at Peabody Energy site

• Six-month trial at 2.9mtpa North Goonyella coking coal mine in QLD, in addition to new revenue from chemical sales

• Trial secured following successful installation and on-going operation of OptiFlox® System at Peabody Energy’s 12mtpa Wilpinjong thermal coal mine in NSW

• Further trial of an OptiFlox® System at South Australian heavy mineral sands operation expected to be approved in the near term

SciDev Ltd (ASX: SDV) (‘SciDev’ or ‘the Company’) advises that it has received a purchase order for an OptiFlox® System, to be used in a six-month trial at Peabody Energy’s 2.9mtpa North Goonyella coking coal mine (NGC), in the Bowen Basin, Queensland. The impending approval of this trial was foreshadowed in the Company & Operational Update released to ASX on 19 June 2018.

The OptiFlox® System will be trialled on the tailings thickener to maximise the use of water, improve productivity and reduce overall operational costs. It is expected that the system may also yield other benefits not readily quantifiable without full scale operations.

Peabody Energy is an existing SciDev client and utilises an OptiFlox® System at the 12mtpa Wilpinjong thermal coal mine in New South Wales (refer ASX announcement: 16 March 2017). SciDev has chemical sales with the NGC mine and the OptiFlox® System will enhance the efficacy of the SciDev chemistry.

As previously advised, SciDev expects to receive approval during the current quarter for the trial of an OptiFlox® System at a heavy mineral sands operation in South Australia.

Yours Sincerely SciDev Ltd

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Heath Roberts Company Secretary

Released through: Henry Jordan, Six Degrees Investor Relations +61 431 271 538