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report - 70% increase in revenue.

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    The Year of Waste Managment.

    First TOX shows the way, now HMC follows up with good results.


    Website: www.hydromet.com.au email:

    ASX/Media Release

    HydroMet $2 Million Profit:
    Company Positioned for Sustained Growth
    6 September 2005

    Australian waste treatment and recycling company HydroMet Corporation Ltd [ASX:
    HMC] today announced a net after-tax profit of $2.021 million for the year ending June
    2005.

    The profit was based on operating revenue of $16.5 million, an increase of $6.8
    million, or 70.2%, for the same period last year.
    “This year’s profit was made possible as a result of our continuous efforts to establish
    a solid foundation for sustainable future profits,” said HydroMet Chairman and
    Technical Director Dr Lakshman Jayaweera. “Strong price increases in the world
    market for selenium and tellurium during the year, as well as our improved efficiency
    and record production of both metals from our New South Wales-based plant, have
    contributed significantly to a profitable bottom line.”
    “In the growing industrial residue recycling and hazardous waste management field,
    HydroMet has a unique advantage that is worth capitalising on. We have a proven
    track record in recycling complex industrial residues and hazardous waste, and
    immobilising where recycling is not justified.”
    HydroMet is moving into its next growth stage with a number of significant assets:
    -
    proven technology for recycling and immobilisation of industrial residues and
    hazardous waste
    - strong team of technical experts capable of solving complex residues problems for
    our clients
    - ownership of two freehold facilities capable of receiving and processing large
    quantities of industrial residues and hazardous waste
    - client base of international and local blue chip industrial and smelting companies
    - strong reputation with regulatory authorities.
    “HydroMet is a strong and unique recycling business operating in both local and
    overseas markets. It is well positioned for sustained growth by using a broad range of
    waste treatment technologies developed by the company,” said Dr Jayaweera.
    For more information:
    Greg Wrightson, Managing Director Jane Cotter
    HydroMet Corporation Limited Oxygen Financial PR
    Tel: (02) 4271 1822 Tel: (03) 9915 6342
    www.hydromet.com.au
 
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