Clean TeQ Holdings Limited (ASX:CLQ) Announce Expansion Opportunities for Clean TeQ in the Uranium Market With BHP Billiton (ASX:BHP)

Melbourne, Sep 5, 2008 AEST (ABN Newswire) - Clean TeQ Holdings Limited (ASX:CLQ), an Australian technology company in resource recovery and air and water purification, today announced that the Company's wholly owned subsidiary, Clean TeQ Limited, has entered into a licence agreement with BHP Billiton Olympic Dam Corporation Pty Ltd for its patented resin technology (marketed as Clean-iX(R)), which will be included in technology options being evaluated by BHP Billiton Limited (ASX:BHP) in their proposed expansion of the Olympic Dam uranium mine at Roxby Downs in South Australia.

'This non-exclusive licence agreement entered into on confidential terms, is further evidence of the potential of the Clean-iX(R) resin technology owned and developed by Clean TeQ. This licence agreement follows on from the nickel and cobalt licence entered into with BHP Billiton and Vale for the use of the Clean-iX(R) resin technology and the recent announcement regarding the construction of a pilot plant using this technology at Paladin Energy's Langer Heinrich uranium mine', Clean TeQ's Chief Executive Officer, Greg Toll, said.

'This Clean-iX(R) technology has numerous hydrometallurgical applications. We continue to explore further opportunities for the application of this technology particularly in the gold industry. As these opportunities are formally contracted further announcements will be made,' said Mr Toll.

About Clean TeQ Holdings Limited

Clean TeQ Holdings Limited (ASX:CLQ) is a world leader in water treatment and resource recovery technology and the Australian leader in biological air purification. Clean TeQ develops technologies in-house and partners with leading technology suppliers worldwide.
 
The Company offers a range of business models to potential clients including licensing our technology, building and commissioning complete installations (both transportable and fixed), and building and operating installations in joint ventures, in return for a share of revenues generated through resources recovered. Clean TeQ will also acquire mining assets where its technologies can make exploitation of uneconomic ore bodies or re-processing of tailings profitable.
 
For more information about Clean TeQ please visit the Company's website

    

Contact

Greg Toll Chief Executive Officer TEL: +61-3-9706-8244 Marc Lichtenstein Company Secretary TEL: +61-3-9706-8244