SciDev: Secures $14m contract with Iluka Resources (ASX:ILU)

SciDev (SDV) secures a three-year contract with Iluka Resources (ILU) for the supply of MaxiFlox chemistry
The company’s product is currently being used at ILU’s Jacinth-Ambrosia operation for the treatment of the mine site tailings to assist in maximising water recovery while minimising the tailings footprint
The new contract is expected to generate roughly $14 million until March 2026
The agreement further extends SDV’s relationship with ILU which was first formed in 2019
The company is up 3.66 per cent, trading at 42.5 cents at 3:27 pm AEDT

February 4, 2023