Ann: LWP Technologies Test Results Confirm Scalability, page-6

• SCALABILITY OF THE PROPPANT CONFIRMED
• ISO STANDARDS SIGNIFICANTLY EXCEEDED
• ONLY 5.9% FINES AT 10,000 PSI COMPARED TO ISO 3503-2 STANDARD <10% at 4,000 PSI
• COMPLIANT WITH ISO 13503-2 STANDARD AT 14,000 PSI

LWP Technologies Limited (ASX: LWP) (LWP, the Company) is pleased to announce that it has received
independent expert testing results for samples of both its 20/40 mesh and 30/50 mesh Proppants produced
at its Pilot Plant at Clontarf, Brisbane.


The test results report that the LWP proppants significantly exceed IS0 Standard 13503-2.

The test results are outstanding, and confirm that the Company’s Fly-ash based Proppant Technology is able to be scaled up to commercial production.

The test results are summarised below, however the full report is attached for shareholder information.

30/50 Mesh Results
5.9% fines produced at pressure of 10,000 PSI (pounds per square inch) is well below the maximum fines permitted under the ISO standard of 10% at 4,000 PSI, and the proppants still comply with the ISO standard at 14,000 PSI with 9.3% fines.

20/40 Mesh Results
7.5% fines produced at pressure of 10,000 PSI (pounds per square inch) is well below the maximum fines permitted under the ISO standard of 10% at 4,000 PSI, and the proppants still comply with the ISO standard at 13,000 PSI with 9.8% fines.

Importantly, the Bulk Density of the Proppants is only 1.42 gm/cm3, which is lighter than competitor products of similar compressive strength. Because Proppants are sold by weight but utilized by volume LWP proppants will deliver additional price advantages over competitor products.

These independent expert test results for LWP proppants coupled with lower than expected production costs, as reported in LWP’s previous ASX announcements, combined with lower logistics and transportation costs confirms the competitive advantages of LWP Proppant Technology.

LWP has commissioned an experts conductivity and permeability report that compares LWP proppants to ISO Standard 134503-5, and that report is expected late January/early February.

Company Chairman Siegfried Konig
“We are very pleased with the results obtained in this round of independent testing, which confirm LWP Proppants significantly exceed IS0 Standard 13503-2 thus demonstrating our ability to scale up our technology to commercial production. Given our low manufacturing costs and logistics advantages, I am confident that we are clearly on track to become the new Proppant
standard and provide significant ongoing savings to Oil and Gas Producers.”