An apparatus for testing lost circulation materials (“LCMs”) for use in a formation is disclosed. The apparatus may comprise a LCM cell that contains at least one formation simulation component. A pressurized tank may be in fluid communication with the LCM cell, and may force a sample LCM slurry into the LCM cell. An LCM receiver may also be in fluid communication with the LCM cell, and may receive the LCM slurry that flows through the LCM cell.