CNQ clean teq water limited

Ann: H1 FY25 - Half Year Results Announcement, page-7

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    In the 2025 1/2 report
    The sorbent used in testing however lacked the mechanical strength to endure multiple extraction cycles. As a result, while
    the initial cycle yielded excellent results, the campaign did not fully meet Milestone 1 requirements, and the additional
    shares were not vested.
    Has this issue been rectified?

    Cleanteq reply Thanks forreaching out.

    The Go2Lithium (G2L) cDLE® process utilises sorbents fromspecialised manufacturers, which are continuously being enhanced for lithiumloading capacity, impurity rejection, and mechanical strength.

    In the LithiumBank pilot, the selected sorbent demonstratedexcellent lithium loading and impurity rejection but did not meet the necessarymechanical strength for sustained multi-cycle operation. The sorbentmanufacturer has identified the issue and is actively working on improvements.

    G2L is collaborating with multiple sorbent manufacturers to ensurethat future sorbents meet the mechanical strength requirements for optimalperformance in the cDLE® process.

    With the right sorbent, G2L’s cDLE® technology consistentlydelivers industry-leading lithium recovery, efficiency, and scalability.

 
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