Highlights

• SciDev has secured a three-year contract with the Ravensthorpe Nickel Operation in Western Australia (part of the First Quantum Minerals group (TSX:FM))
• The contract is expected to generate approximately A$9.5m (c US$6.4m) in sales over the three-year period for the supply of MaxiFlox® chemistry and ongoing consultancy services
• The contract follows extensive onsite trials at Ravensthorpe that commenced in July 2022
• Over A$37million in Total Contract Value recently secured in the resources sector highlighting the large growth opportunity for SciDev

SciDev is pleased to announce that it has secured a three-year contract at the Ravensthorpe Nickel Operation (‘Ravensthorpe’) for the supply of MaxiFlox® chemistry. Ravensthorpe, located in Western Australia, is 70% owned by international mining company First Quantum Minerals and 30% by Korean steel maker POSCO.

SciDev’s Chemical Services business focusses on the development, manufacturing, and supply of a range of chemistries that allow clients to reuse water, improve operational efficiencies and reduce their environmental footprint.

SciDev CEO Seán Halpin said, “The contract with Ravensthorpe follows an extensive onsite testing period where we demonstrated the superior operational efficiency and productivity benefits of our MaxiFlox® chemistry solutions.  Our technical expertise and bespoke chemical solutions are delivering increased market share across the resource sector which is reflected in over $37m of new contract value secured in the beginning of the year. We remain actively engaged with a number of international and domestic resource clients and we expect the sector to deliver future growth opportunities for SciDev in FY23 and beyond”.