SCIDEV LTD — Capital/Financing Update 2023

Jan 4, 2023

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Unit 1 8 Turbo Road Kings Park NSW 2148 Australia ABN 25 001 150 849

Email: projects@scidev.com.au Website: www.scidev.com.au ASX code: SDV

Companies Announcements Office Australian Stock Exchange

5[th] January 2023

SciDev signs three-year chemical services deal with Iluka Resources - Cataby Mineral Sands Mine

Highlights

• SciDev has secured a three-year contract with Iluka Resources Limited at the Cataby Mineral Sands operation in Western Australia.

• The contract is expected to generate c.AUD$14.0 million over the life of the contract for the supply of MaxiFlox® chemistry, with sales anticipated to commence in March 2023

• The contract at the Cataby operation follows the ongoing engagement SciDev has with Iluka at their Jacinth Ambrosia operation which commenced in 2019

SciDev Ltd (ASX: SDV) ('SciDev' or 'the Company') is pleased to announce that it has secured a three-year contract with Iluka Resources Limited (‘Iluka’) for the supply of MaxiFlox® chemistry to their Cataby Operation. SciDev’s chemistry will be utilised for the treatment of the mine site tailings to assist in maximising water recovery whilst minimising the tailings footprint.

SciDev's Chemistry business focusses on the development, manufacturing, and supply of a range of chemistries that help our clients improve their operational efficiency and minimise waste generation.

SciDev CEO Seán Halpin said, "It is exceptionally pleasing to extend our relationship with Iluka to a second operating site. Our ability to execute and deliver services to large-scale domestic and international mining companies reflects the quality of our chemistry products and the skill set of our team. The continued strength of the underlying global resources sector presents a significant growth opportunity for SciDev and we remain actively engaged with a number of tier-one clients as we look to deliver future growth opportunities".

For Further Information:

Corporate Investors Seán Halpin – Chief Executive Officer Craig Sainsbury – Automic Markets Heath Roberts – Company Secretary craig.sainsbury@automicgroup.com.au (+61) 2 9622 5185 (+61) 428 550 499

About SciDev

SciDev is a leader in the environmental solutions market focused on water-intensive industries. SciDev brings together world-class technology, chemistry and application to solve pressing operational and environmental issues for the water, oil and gas, mining and construction markets.