CNQ: CNQ's ATA & MBIX Adopted in Aura Energy's Tiris Uranium BFS

Original announcement by asx on

Company
Clean TeQ Water Limited
Ticker
CNQ
Exchange
ASX
Region
Mauritania
Primary commodity
Uranium
Secondary commodities
None reported
Document categories
Metallurgy, Other
Extracted
2026-10-16 05:04:09 UTC

Analysis by Minestarters Atlas

Atlas analysis published:

Minestarters Atlas analysis

Summary

Clean TeQ Water's ATA® and MBIX technologies have been adopted in Aura Energy's Bankable Feasibility Study for the Tiris Uranium Project in Mauritania. The company has been contracted to deliver its scope for an upcoming pilot plant program in late 2026.

Reasoning: The adoption of proprietary technologies in a BFS for a major uranium project is a significant commercial milestone for a technology provider, despite the lack of current binding supply contracts.

Positive factors

  • Technology adoption in a Bankable Feasibility Study (BFS)
  • High bench-scale uranium recovery (97.8%)
  • Improved dewatering efficiency (up to 79% solids)
  • Pilot plant contract secured

Negative factors

  • No binding commercial arrangements for supply or licensing yet

Facts used in scoring: 2

Classification and evidence

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: 97.8% uranium recovery in bench-scale tests is exceptional.

Evidence · text

“recovered up to 97.8% of the soluble uranium”

Bench Scale Onlynegative

Only preliminary bench tests completed — no locked-cycle or pilot work.

Why it applies: The reported high recovery is based on bench-scale wash tests rather than pilot or commercial scale.

Evidence · text

“Bench-scale counter-current wash tests recovered up to 97.8%”

Multi-Domain Testedpositive

Variability across ore domains (oxide, transition, fresh) has been addressed.

Why it applies: 2 distinct composites were tested

Extracted facts

Stored fact records: 2. Some facts used in scoring do not have a stored record.

Metallurgical Results (2)

counter-current washTiris Uranium Project · uraniumRecovery: 97.8 %View all details
Link to this fact

Identity

Project
Tiris Uranium Project
Commodity
uranium
Region
mauritania
Reported Region
Mauritania
Ticker
CNQ

Test Work

Program Status
preliminary
Test Type
counter-current wash
Sample
bench-scale counter-current wash tests

Recovery

Recovery
97.8 %
Recovery Basis
actual_test

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: 97.8% recovery is an exceptional result for bench-scale washing tests.

Positive factors

  • High recovery rate

Evidence · text

“Bench-scale counter-current wash tests recovered up to 97.8% of the soluble uranium”
dewateringTiris Uranium Project · uraniumView all details
Link to this fact

Identity

Project
Tiris Uranium Project
Commodity
uranium
Region
mauritania
Reported Region
Mauritania
Ticker
CNQ

Test Work

Program Status
preliminary
Test Type
dewatering
Sample
residue from ATA® dewatering

Reagents

Reagent Notes
residue reporting at approximately 67% solids, rising to 78 to 79% with vibration-assisted dewatering

Review

Needs Review
No
Historical
No

Dates

Event date
2026-10-16T00:00:00.000Z

Reasoning: Achieving up to 79% solids is a strong dewatering result for clay-rich uranium ores.

Positive factors

  • High solids content achieved

Evidence · text

“residue reporting at approximately 67% solids, rising to 78 to 79% with vibration-assisted dewatering”

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.