Environmental solutions provider SciDev (ASX:SDV) has been awarded a 2-year contract valued at $7 million to provide services at the Thunderbird Mineral Sands Project in Western Australia.
The Thunderbird Mineral Sands Project is being developed by Kimberley Mineral Sands, which is a joint venture (JV) split evenly by Sheffield Resources (ASX:SFX) and Yansteel.
Under the contract, SciDev will supply its MaxiFlox chemistry, OptiFlox equipment, and technical services to the project. SciDev expects revenue under the contract, which can be extended for a further 2 years, to begin flowing in the first half of 2024 as Thunderbird ramps up to production.
The company says the contract with Thunderbird further extends its presence within the mineral sands extraction industry, where its chemistries allow clients to reuse water, improve operational efficiencies, and reduce their environmental footprint.
Commenting on the contract, SciDev Chief Executive Officer (CEO) Seán Halpin says: “The contract with Thunderbird was secured following a competitive tender process which highlighted the superior operational efficiency and productivity benefits of our MaxiFlox chemistry solutions.
“Our technical expertise and bespoke chemical solutions are continuing to deliver increased market share across the resource sector”
Our technical expertise and bespoke chemical solutions are continuing to deliver increased market share across the resource sector, which is reflected in over $44 million of new contract value secured in the past 6 months.
With a growing footprint in the global resource sector, established presence within the energy services sector and expanding PFAS opportunities globally, SciDev is well-positioned for continued growth and to deliver lasting returns for our shareholders.”
The Thunderbird Mineral Sands Project JV between Sheffield and Yansteel was formed in 2021 to develop the ‘world-class’ project, which lies on the Dampier Peninsula of Western Australia.
SciDev, which has a $56.9 million market capitalisation, is an environmental solutions provider focused on water-intensive industries. The company says its solutions allow clients to reuse water, improve operational efficiencies, and reduce their environmental footprint.
SciDev says it works with clients across a range of industries including mining, oil and gas, construction and infrastructure, and water treatment. On 18 May 2023, the company secured a $9.5 million contract with First Quantum Minerals (ASX:FQM) for the supply of MaxiFlox to the Ravensthorpe Nickel Operation in Western Australia.
Write to Harry Mulholland at Mining.com.au
Images: SciDev Ltd
