Queensland Pacific Metals entered into an ore supply agreement with SMGM

Queensland Pacific Metals Ltd (ASX: QPM) has announced the signing of a binding ore supply agreement with SMGM. The agreement stipulates a 10-year ore supply arrangement starting in 2024, with QPM requiring a 6-month notice period before the first cargo. Under the agreement, SMGM will provide an annual output of up to 200,000 mt of ore.

SMGM has consistently supported QPM and its TECH Project, and QPM is thrilled to have formalised this partnership. Although QPM already had contracts covering its ore supply tonnage with SLN and SMT, the new arrangement with SMGM offers greater variety to its ore suppliers, which will provide financiers with greater reassurance regarding ore supply security.

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