AU$8 Million International Partnerships in Critical Minerals Program

Queensland Pacific Metals Ltd (ASX: QPM) has secured an AU$8 million grant from the Australian Federal Government through the International Partnerships in Critical Minerals program. The grant, contingent on matched funding and agreed project scope, signifies a significant milestone in advancing the TECH Project.

With ongoing discussions with commercial partners and the Queensland Government to secure necessary funding, QPM aims to independently source matching funds. By prioritizing the growth of its energy business, the company is dedicated to ensuring that expenditure on the TECH Project is covered by external sources, safeguarding its Gas and Energy Business. The grant will support the final stages of project validation, encompassing test work, piloting, and engineering for a thorough Bankable Feasibility Study (BFS).

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