SCIDEV LTD — Capital/Financing Update 2018

Jun 18, 2018

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

19 June 2018

Companies Announcements Australian Securities Exchange

Company & Operational Update

SciDev Ltd (ASX: SDV, SciDev or the Company) is pleased to provide the following update as it approaches the end of the 2017/2018 financial year:

• Trading conditions continue at levels above those achieved in the prior financial year.
• The addition of Jamiel Muhor to support Business Development following on from the appointment of Lewis Utting as Project Director.
• Commercial trial of an OptiFlox® System to commence at a major coking coal operation in the Bowen Basin, Queensland in support of MOU with Phoenix.
• Commercial trials of OptiFlox® Systems expected to be approved in the September Quarter at a mineral sands operation in South Australia and a further coking coal operation in Queensland.
• Premarketing activities progressing with Seydel in support of MOU for utilising SciDev manufacturing technologies in the US.
• Tartana Resources Limited remains committed to achieving a listing on the ASX during 2018 and making the required $250,000 payment to SciDev by 30 June 2018.

Trading Conditions

Current year to date sales are tracking at around 10% above those achieved in the prior financial year. This has been driven by on-going sales to existing customers and new customer acquisitions, principally in the mining sector. It is expected that sales will continue to further increase during the 2018/2019 financial year.

Jamiel Muhor contracted to SciDev as Business Development Manager

SciDev is pleased to announce that Jamiel Muhor has been contracted to support the Business Development activities of the Company. Jamiel has over 15 years' experience in the water treatment, mining and chemical industries. He began his career with Ciba, who were subsequently acquired by BASF, the world's largest chemical producer by chemical sales. Jamiel's most recent role at BASF was Head of Mining Technology – Asia Pacific. Previous roles at BASF included Global Account Manager for BHP Billiton, Global Account Manager for Alcoa and Key Account Manager in the Canadian Oil Sands industry.

Jamiel will be working closely with Project Director, Lewis Utting, and will be focused on driving growth in revenue through the Company's existing client base, as well as seeking new business throughout the Australian mining, dairy, paper and water treatment industries.

Trial of OptiFlox® System to Commence at a Major Coking Coal Operation in Bowen Basin

The Company has secured a six-month commercial trial for an OptiFlox® System with a global leader in coking coal production in the Bowen Basin of Queensland. The approval of the trial follows extensive on-site technical evaluations by SciDev personnel.

The OptiFlox® System will be trialled on one of the multiple Phoenix Process Equipment Co. (Phoenix) belt press filters (BPF) in the coal handling & preparation plant (CHPP) for a trial period of six months. SciDev will be paid a monthly fee for the provision of the OptiFlox® System during the trial period. The trial forms part of the activities under the Memorandum of Understanding (MOU) with Phoenix.

Dependent upon the success of the trial, there are future opportunities for multiple units to be deployed at the trial site and in the broader Bowen Basin region.

The Company is confident that further commercial trails of OptiFlox® Systems will be secured during the September Quarter at a mineral sands operation in South Australia and a further coking coal operation in the Bowen basin.

At the end of successful trials and subsequent agreement(s) for permanent installations of OptiFlox® Systems at trial sites, the Company is confident opportunities for SciDev chemical sales will exist.

Seydel MOU

In relation to the MOU with The Seydel Companies, Inc.(Seydel); premarketing and business model discussions continue regarding the potential to undertake manufacturing at Seydel's facilities in Pendergrass, Georgia, USA utilising SciDev manufacturing technology.

Tartana Resources Limited IPO Update

Further to SciDev's announcement of 17 May 2018, Tartana Resources Limited (Tartana) has advised that it is in the process of preparing a revised disclosure document, i.e. a Replacement Prospectus following discussions with ASIC. Tartana remains committed to a listing on the ASX in the 2018 calendar year. The status of the SciDev Priority Offer will be the subject of a future announcement once the Replacement Prospectus is completed and 'live'.

SciDev remains entitled to a $250,000 payment by Tartana by 30 June 2018 being the final cash payment in relation to the divestment of the Zeehan Zinc Project. Tartana is in the process of undertaking an interim pre-IPO fund raising to address this and other obligations. The success of this fund raising will determine Tartana's ability to make the agreed payment to SciDev by 30 June 2018.

Yours Sincerely SciDev Ltd

Heath Roberts Company Secretary