Clean TeQ Water’s scope comprises two of the packages that make up the project: the continuous Resin-in-Pulp (cRIP) ion exchange circuit, underpinned by MBIX (Moving Bed Ion Exchange) technology, and the downstream scandium refinery.

The contract advances the engineering design of both circuits, building on the work completed in the preliminary stage, supported by confirmatory and optimisation testwork in Clean TeQ Water’s laboratories.

The full FEED scope is contracted, with an estimated value of approximately A$2.0 million excluding GST. The estimate is built from a deliverable-by-deliverable build-up of estimated hours by role, priced at an agreed schedule of rates that is firm for twelve months from award. The work is delivered on that schedule-of-rates basis, under which Sunrise pays for the hours worked, together with external expenses at cost plus a margin. Revenue from the FEED scope is expected to be recognised substantially in the 2027 financial year.

In addition, Clean TeQ Water will supply the long lead deliverables required to protect the project’s delivery schedule. These deliverables are carried at a provisional sum of approximately A$3.4 million excluding GST and are expected to be released in tranches during the FEED engagement.

Clean TeQ Water’s continued appointment reflects both companies’ long-standing technical collaboration and deep expertise in critical metals recovery. While Sunrise retains exclusive rights to MBIX for scandium, nickel and cobalt, Clean TeQ Water applies the MBIX technology more broadly in water treatment, industrial processing, and emerging applications across uranium, rare earths and other high-value critical minerals.

The services are delivered on a schedule-of-rates basis, so the value stated above is the Company’s estimate of the cost of completing that scope rather than a fixed or capped amount, and the amount actually invoiced will depend on the hours worked and the expenses incurred and may be higher or lower than the estimate. The early works long lead deliverables are carried as a provisional sum, no part of which is committed at the date of this announcement; each tranche is released only on Sunrise’s written instruction, and the Company gives no assurance as to the amount, if any, that will ultimately be released.