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Clean TeQ Water Limited (ASX:CNQ)

ALERT: Price-sensitive ASX Announcement for CNQ
Current share price for CNQ : $0.490 0.04 (8.89%)+
Announcement
Release
15 May 2026 11:13AM
Price at Release
$0.450
Full Release
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Summary
Clean TeQ Water Limited has been awarded a contract to design and construct an ATA® Tailings Dewatering Plant at the Rasp Mine in Broken Hill, New South Wales, Australia. The contract involves engineering, procurement, manufacture, supply, and installation of a 750,000tpa dry solids throughput facility. This initiative aims to transition away from higher-cost solar drying of tailings to a more efficient and cost-effective method using Clean TeQ's proprietary ATA® technology. The plant is expected to be completed by the third quarter of FY27, enhancing the mine's capacity to reach its 750,000 tonnes per annum processing target. Additionally, Clean TeQ and Broken Hill Operations Pty Ltd are negotiating a Polymer Supply Agreement to further utilize the ATA® technology at the Rasp Mine.
Key Points
  • Clean TeQ awarded contract for ATA® Tailings Dewatering Plant at Rasp Mine.
  • Plant designed for 750,000 tonnes per annum dry solids throughput.
  • Transition from solar drying to efficient ATA® technology for tailings dewatering.
  • Scheduled completion by 3Q FY27.
  • Negotiation of Polymer Supply Agreement for long-term collaboration.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.