SCIDEV LTD — Interim / Quarterly Report 2014

Oct 30, 2013

ABN 25 001 150 849

Level 3 100 Mount Street North Sydney NSW 2060 Australia PO Box 1507 North Sydney NSW 2059 Australia

Phone: 02-9954 7888 Email: mail@intec.com.au Website: www.intec.com.au ASX code: INL

Companies Announcements Office Australian Securities Exchange

31 October 2013

Quarterly Activities Report: Appendix 4C September 2013

Attached is the September 2013 Quarterly Report for Entities Admitted on the Basis of Commitments (Appendix 4C) for Intec Ltd (ASX Code: INL, Intec or the Company).

Operations Update

Tasmanian Operations

The remediation work at the former EAF Dust storage site at Hellyer was approved by the Tasmanian EPA and consequently the Company was returned its $40,000 security bond. The Company's remaining interests in the Hellyer area are its 2.5% Net Smelter Royalty in relation to base metals on certain mining and exploration tenements covering the Hellyer-Que River area and its 5.65% shareholding in Bass Metals Limited.

During the quarter the Company determined that the Burnie Research Facility (BRF) would be reconfigured in order to solely treat Tasmanian sourced industrial waste such as that from the ACL Group as occurred during the June Quarter. The Company expects that the treatment of similar material will take place on a campaign basis several times a year resulting in a profitable BRF operation.

The reconfigured focus of the BRF aligns this facility with the Company's continued investigation of corporate and asset acquisition opportunities that would involve either an Intec Process application and/or the treatment of industrial waste in its various forms.

However, those parts of the BRF not required for industrial waste treatment are in the process of being decommissioned and various items of surplus plant equipment are in the process of being sold. The decommissioning process will be self funding from the sale of the surplus plant and equipment and is expected to be completed during the current quarter.

The Company also maintains its mining lease and associated operating licence over the zinc-bearing Zeehan slag dump on the West Coast of Tasmania. Material from this location was previously blended with EAF Dust and exported by the Company. Given the material percentage of world zinc mine production that will be removed from the market over the next several years it is possible that the Zeehan slag dump could produce a standalone export product in the future.

IRC Project

The status of the IRC Project remains unchanged. The completed engineering design package will be delivered to the client upon receipt of an overdue payment due to Intec International Projects Pty Ltd (IIP), an incorporated 50:50 joint venture between the Company and Mr Reza Maghzian.

Other

The Company maintains an Intec Process patent portfolio and a significant body of technical literature related to the development and application of the Intec Process. The Company is in discussions with a third party to issue a licence to utilise the patent portfolio and technical library for the purposes of that party undertaking laboratory testwork as Intec no longer maintains its own laboratory. If this arrangement were to proceed, the Company would receive a percentage of the revenue derived from testwork. The discussions only relate to laboratory testwork and not commercial applications, which would be subject to future standalone negotiations.

Corporate

The Company continued to review corporate and asset acquisition opportunities during the quarter. The Company's total cash available at the end of the quarter was $3.414 million.

Intec Ltd

Kieran Rodgers Managing Director

Appendix 4C

	Quarterly report for entities admitted on the basis of commitments
Name of entity

Intec Ltd

ABN Quarter ended ("current quarter")

25 001 150 849 30 September 2013

Consolidated statement of cash flows

		Currentquarter$A'000	Year to date(3 months)$A'000
	Cash flows related to operating activities
1.1	Receipts from product sales and related debtors	138	138
1.2	Payments for
	(a) advertising and marketing	-	-
	(b) zinc bearing concentrate cost of sales	-	-
	(c) hydrometallurgical process development	(19)	(19)
	(d) administration costs and corporate overheads	(286)	(286)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar nature received	34	34
1.5	Interest and other costs of finance paid	-	-
1.6	Income tax paid	-	-
1.7	Royalty income	-	-
1.8	Other Income	64	64
	Net Operating Cash Flows	(69)	(69)
1.9	Cash flows related to investing activitiesPayment for acquisition of:
	(a) businesses	-	-
	(b) equity investments	-	-
	(c) intellectual property	-	-
	(d) physical non-current assets	-	-
	(e) other non-current assets	-	-
1.10	Proceeds from disposal of:	-	-
	(a) businesses	-	-
	(b) equity investments	-	-
	(c) intellectual property	-	-
	(d) physical non-current assets	-	-
	(e) other non-current assets	-	-
1.11	Loans to other entities	-	-
1.12	Loans repaid by other entities	-	-
1.13	Other: Refund of Security Bonds	80	80
	Net investing cash flows	80	80
1.14	Total operating and investing cash flows	11	11

Appendix 4C (Continued)

Quarterly report for entities admitted on the basis of commitments

		Currentquarter$A'000	Year to date(3 months)$A'000
	Cash flows related to financing activities
1.15	Proceeds from issues of shares, options, etc.	-	-
1.16	Proceeds from sale of forfeited shares	-	-
1.17	Proceeds from borrowings	-	-
1.18	Repayment of borrowings	-	-
1.19	Dividends paid	-	-
1.20	Other (provide details if material)	-	-
	Net financing cash flows	-	-
	Net increase (decrease) in cash held	11	11
1.21	Cash at beginning of quarter/year	3,403	3,403
1.22	Exchange rate adjustments to item 1.20	-	-
1.23	Cash at end of quarter/year	3,414	3,414

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

1.24	Aggregate amount of payments to the parties included initem 1.2	84
1.25	Aggregate amount of loans to the parties included in item1.10	-

1.26 Explanation necessary for an understanding of the transactions Directors' fees at normal commercial rates.

Non-cash financing and investing activities

2.1	Details of financing and investing transactions which have	Nil
	had a material effect on consolidated assets and liabilities but
	did not involve cash flows
2.2	Details of outlays made by other entities to establish or	Nil
	increase their share in projects in which the reporting entity
	has an interest

Appendix 4C (Continued)

Quarterly report for entities admitted on the basis of commitments

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amountavailable$A'000	Amountused$A'000
3.1	Loan facilities	Nil	Nil
3.2	Credit standby arrangements	Nil	Nil

Reconciliation of cash

	Reconciliation of cash at the end of the quarter (as shown in theconsolidated statement of cash flows) to the related items in theaccounts is as follows.	Currentquarter$A'000	Previousquarter$A'000
4.14.2	Cash on hand and at bankDeposits at call	42722	2083
4.3	Bank overdraft	-	-
4.4	Term Deposits	2,650	3,300
	Total: cash at end of quarter (item 1.23)	3,414	3,403

Acquisitions and disposals		Acquisitions	Disposals
of business entities		(Item 1.9(a))	(Item 1.10(a))
5.1	Name of entity
5.2	Place of incorporation or registration
5.3	Consideration for acquisition or disposal
5.4	Total net assets
5.5	Nature of business

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.
• 2 This statement does/does not give a true and fair view of the matters disclosed.

Sign here: Date: 31 October 2013

(Director/Company secretary)

Print name: Kieran Rodgers

Notes

• 1. The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 1. The definitions in, and provisions of, AASB 1026: Statement of Cash Flows apply to this report except for the paragraphs of the Standard set out below.

6.2	-reconciliation of cash flows arising from operatingactivities to operating profit or loss
9.2	-itemised disclosure relating to acquisitions
9.4	-itemised disclosure relating to disposals
12.1(a)	-policy for classification of cash items
12.3	-disclosure of restrictions on use of cash
13.1	-comparative information

1. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.