SCIDEV LTD — Interim / Quarterly Report 2013

Jul 25, 2013

Appendix 4C Quarterly report for entities admitted on the basis of commitments

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

26 July 2013

Quarterly Activities Report: Appendix 4C June 2013

On behalf of Intec Ltd (ASX code: INL, Intec or the Company), I now attach the June 2013 Quarterly Report for Entities Admitted on the Basis of Commitments (Appendix 4C).

Operations Update

Tasmanian Operations

Since the March Quarterly report, the Company received approximately 22 tonnes of industrial waste from the ACL Group. This material is being processed through the Burnie Research Facility. The operation will be cashflow positive and will make a material contribution to offsetting yearly holding costs of the Burnie Research Facility, including employee costs.

The remediation work on the former EAF Dust storage site at Hellyer has now been completed. The Company is now awaiting approval of the remediation work by EPA Tasmania and this is expected to be received during the current Quarter.

The Company has also commenced investigations into obtaining value from its wholly-owned Zeehan slag dump on the West Coast of Tasmania.

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). During the Quarter, Mr Maghzian conducted extensive meetings with the client in Iran on behalf of IIP and set out the contractual difficulties arising from the long overdue payment.

Bass Metals Ltd

Intec holds a 5.9% interest in Bass Metals Ltd (Bass Metals) and has a royalty in relation to base metals extracted from Bass Metals ’ Hellyer-Que River tenement portfolio. The Company continues to monitor the progress of Bass Metals.

26 July 2013

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Corporate

The Company continued to review corporate and asset acquisition opportunities, while preserving its cash resources through careful cost control. The Company ’ s total cash available at the end of the quarter was $3.403 million.

Intec Ltd

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Kieran Rodgers Managing Director

26 July 2013

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Name of entity

Intec Ltd

Intec Ltd	Intec Ltd	Intec Ltd	Intec Ltd	Intec Ltd
ABN Quarter ended("currentquarter")
25 001 150 849			30 June 2013
Consolidated statement of cash flows
Cash flows related to operating activities			Current quarter	Year to date (12 months)
			$A'000	$A'000
1.1 Receipts from product sales and related debtors			-	253
1.2 Payments for
	(a) advertising and marketing		-	-
	(b) zinc bearing concentrate cost of sales		-	(121)
	(c) hydrometallurgical process development		(181)	(1,046)
	(d) administration costs and corporate overheads		(133)	(1,102)
1.3 Dividends received			-	-
1.4 Interest and other items of a similar nature received			42	174
1.5 Interest and other costs of finance paid			-	(4)
1.6 Income tax paid			-	-
1.7 Royalty income			-	499
1.8 Other Income			1	539
Net Operating Cash Flows			(271)	(808)
Cash flows related to investing activities
1.9 Payment 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		-	10
	(e) other non-current assets		-	-
1.11 Loans to other entities			-	-
1.12 Loans repaid by other entities			-	-
1.13 Other: Refund of Environmental Bonds			-	2,701
Refund of SecurityBond			-	124
Net investing cash flows			-	2,835
1.14 Total operating and investing cash flows			(271)	2,027

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

Appendix 4C (Continued) Quarterly report for entities admitted on the basis of commitments

			Current	Year to date
			quarter	(12 months)
			$A'000	$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 Dividendspaid			-	-
1.20 Other (provide details if material)			-	(24)
Share Issue Costs			-	-
Net financing cash flows			-	(24)
Net increase (decrease) in cash held			(271)	2,003
1.21 Cash at beginning of quarter/year			3,674	1,400
1.22 Exchange rate adjustments to item 1.20			-	-
1.23 Cash at end of quarter/year			3,403	3,403
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 in item 1.2			31
1.25 Aggregate amount of loans to the parties included in item 1.10			-
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 had a material effect on consolidated assets and liabilities but Nil
did not involve cash flows
2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest Nil

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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.

	Add notes as necessaryfor an understandingof theposition.
		Amount	Amount
		available	used
		$A'000	$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 the		Current	Previous
consolidated statement of cash flows) to the related items in the		quarter	quarter
accounts is as follows.		$A'000	$A'000
4.1	Cash on hand and at bank	20	44
4.2	Deposits at call	83	130
4.3	Bank overdraft	-
4.4	Term Deposits	3,300	3,500

	Financing facilities available Add notes as necessaryfor an understandingof theposition.
			Amount		Amount
			available		used
			$A'000		$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 the		Current		Previous
	consolidated statement of cash flows) to the related items in the		quarter		quarter
	accounts is as follows.		$A'000		$A'000
	4.1 Cash on hand and at bank		20		44
	4.2 Deposits at call		83		130
	4.3 Bank overdraft		-
	4.4 Term Deposits		3,300		3,500
Total:cash at end of quarter (item 1.23)		3,403		3,674
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

Acquisitions and disposals

of business entities

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:

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Date: 26 July 2013

(Directo ~~r/Company secretary~~ )

[Print name: ] [Kieran Rodgers]

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Appendix 4C Quarterly report for entities admitted on the basis of commitments

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.

2. 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 operating
		activities 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.

26 July 2013

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